Architect Equity Acquires Timec Oil & Gas From Ferrovial S.A.
November 12, 2021
Architect Equity has acquired Timec Oil & Gas, a Houston-headquartered provider of maintenance, turnaround and construction services for the energy sector, from Ferrovial Services North America (a division of Ferrovial S.A.). Timec operates multiple regional bases across the United States and serves large oil & gas and refining customers; Architect plans to partner with management to expand core capabilities and pursue growth in adjacent energy markets. The transaction is part of Ferrovial's broader divestment of non-core services operations.
- Buyers
- Architect Equity
- Targets
- Timec Oil & Gas, Inc.
- Sellers
- Ferrovial Services North America, Ferrovial S.A.
- Industry
- Industrial Services
- Location
- Texas, United States
- Transaction Type
- Divestiture
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