Willbros Closes Sale of Tank Services Business
January 03 2018 - 4:57PM
Willbros Group, Inc. (NYSE:WG) announced today that it completed
the sale of its tank construction and repair and maintenance
business to Alliance Tank Services. The transaction is effective
January 1, 2018 and will be reflected in first quarter 2018
results.
Michael Fournier, Willbros President and CEO, commented, “While
this is not a significant financial transaction, completion of this
lengthy sales process complements our ongoing efforts to streamline
our U.S. oil and gas operations.”
About Willbros
Willbros is a specialty energy infrastructure contractor serving
the oil and gas and power industries with offerings that primarily
include construction, maintenance and facilities development
services. For more information on Willbros, please visit our web
site at www.willbros.com.
CONTACT: Stephen W. BreitigamVP Investor
RelationsWillbros713-403-8172