CB1 Completes Acquisition of Asset Solutions Energy Services Business from Petrofac

CB1 completed its previously announced acquisition of Petrofac’s Asset Solutions business, which provides operations, maintenance, wells, and decommissioning services for onshore and offshore energy assets. The deal adds approximately 3,000 employees to CB1 and expands its integrated energy services capabilities, including a reimbursable contracting business expected to deliver more predictable cash flow.