One Equity Partners-backed Brown & Root to acquire Specialty Welding and Turnarounds.

One Equity Partners-backed Brown & Root, a middle market private equity firm, agreed to acquire Specialty Welding and Turnarounds, a provider of a full range of industrial services in industrial engineering, construction, maintenance, turnarounds, soft crafts, and specialty services. Financial terms were not disclosed. “We’re proud to join forces with SWAT, a highly respected leader in the space. This strategic acquisition strengthens our position as a critical partner to our customers, empowering us to meet growing demand driven by skilled labor shortages, advancing equipment complexity, and the increasing need for cost-efficiency and reliability across key industrial end markets," Andy Dupuy, Brown & Root CEO.