 |
Finsbury represents McDermott International, while Joele Frank Wilkinson Brimmer Katcher work for the venerable 125-year-old Chicago Bridge & Iron in the $6B merger of leading energy infrastructure companies.
The deal melds CBI’s onshore capabilities with McDermott’s offshore strengths, especially in the Middle East energy sector led by work for Saudi Armaco, to create a company with $10B in annual revenues and a $14.5B
McDermott shareholders will control 53 percent of the new entity and CB&I investors will own 47 percent.
David Dickinson, McDermott CEO, said the deal responds to the need from global customers for “end-to-end solutions” from a “vertically integrated company.”
He will helm the merged company with CB&I chief Patrick Mullen serving in a five-year transition period to ensure a “seamless integration.”
WPP’s Finsbury unit has Kal Goldberg, Winnie Lerner and Chris Ryall handling media for McDermott
JFWBK’s CB&I team includes Dan Katcher, Ed Trissel and Leigh Parrish.
Prosek Partners handles New York’s Tilray Brands, craft beer & cannabis operation, as it acquires BrewDog, a leading British independent beer producer in the UK, for $45M.
Brunswick Group handles Zurich Insurance as it agrees to buy UK-based Beazley specialty insurer in a deal valued at $11B.
FGS Global represents Brink’s as it agrees to acquire NCR Atleos, which relies on Collected Strategies, in a $6.6B cash & stock deal to create a leading fintech infrastructure company. (Updated)
A January article in O’Dwyer’s proposes that in 2026, the strongest financial brands will not simply tell compelling stories—they will “signal readiness.”
C Street Advisory Group is working the Chapter 11 filing of Axip Energy Services as it unloads its nearly all of its assets to deal with a heavy debt load.
