Mason Capital-led investor consortium to acquire the CB&I storage business from McDermott International for $475m.

Mason Capital-led investor consortium to acquire the CB&I storage business from McDermott International, a provider of engineering and construction solutions to the energy industry, for $475m. "The significant interest expressed in our storage business is a direct reflection of its long history of providing customers world-class storage solutions and its bright future. We believe this is the best transaction for our business, CB&I, its customers and employees," Michael McKelvy, McDermott President and CEO.