Press Release Kentz Corporation - Alegro Projects and Fabrication
ALBERTA, CANADA - Seale & Associates, Inc. ("Seale") announced that it acted as exclusive financial advisor to Kentz Corporation Ltd. ("Kentz"), a leading global provider of complex engineering and construction specialty solutions to energy and resource clients, on its acquisition of Alegro Projects and Fabrication Ltd. ("Alegro"), an organization offering fabrication and construction services to the industrial sector in Western Canada.
Kentz is a global engineering specialist solutions provider, which serves a blue chip client base primarily in the oil and gas, petrochemical and mining and metals sectors. With over $1.5 billion in annual sales, Kentz has over 14,500 employees in 36 countries. Its three main business lines are Engineering and Projects, Construction, and Technical Support Services (TSS). It has a proven track record of delivering mechanical, electrical, controls and instrumentation engineering, construction and management services in some of the most remote locations on earth. Kentz is listed on the London Stock Exchange (symbol: KENZ).
Alegro designs, fabricates, and installs piping, structural steel, and storage tanks, along with a range of other oilfield equipment. Alegro has completed a number of significant facilities projects in Alberta, for clients in a variety of sectors; in particular oil and gas. The Company has been in operation since 2004 and is based in Nisku, Alberta. Alegro has over 85 skilled employees, based in both the Nisku fabrication facility and on a number of project sites in Alberta. Alegro offers structural, mechanical and piping (SMP) fabrication, along with site construction capability.
Seale & Associates, headquartered in Arlington, Virginia, is a global investment banking firm with extensive experience in mergers and acquisitions, corporate finance advisory, and enterprise level strategy consulting. Our professionals are trusted advisors maintaining a high level of quality and integrity while presenting innovative ideas and solutions to address our clients' most complex dealings.