Baupost and Cross Rapids-backed CAM Industrial completed the acquisition of the maintenance and turnaround business in North America from Worley for $125m.

Baupost and Cross Rapids-backed CAM Industrial, an industrial equipment & supplies provider, completed the acquisition of the maintenance and turnaround business in North America from Worley, a provider of professional project and asset services in the energy, chemicals, and resources sectors, for $125m. "We thank our employees for their dedication and our customers for their business and support. Under our new name, CAM Industrial, our team will continue to be focused on safely and reliably operating our business, without interruption. We are very excited about this transaction and the growth prospects ahead," Mick Kaefer, CAM Industrial President.