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New Deal


Announced

SCF Partners-backed Taurus Industrial Group to acquire Amber.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Domestic

United States

Majority

Private

electrical and instrumentation services

Private Equity

oil and gas industry

Pending

Oil Equipment and Services

Friendly

Single Bidder

Synopsis

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SCF Partners-backed Taurus Industrial Group, a provider of integrated specialty services to the downstream energy, infrastructure and industrial market, agreed to acquire Amber, an electrical and instrumentation services provider to the downstream and industrial sectors. Financial terms were not disclosed. "Amber has a stellar reputation in our industry for quality and safety, which are the most important factors in our work. They are a premier service provider in the electrical and instrumentation arena along the Texas Gulf Coast. For the past 40+ years, our companies have worked alongside Amber in many facilities where we have seen their commitment to safety and quality, attention to detail, and superior project performance. We would like to thank the Shrum family for their stewardship of Amber and look forward to their continued leadership as we continue to provide and expand electrical and instrumentation services," Ernest “Rocky” Revia, Taurus CEO.

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