Press Release KBR - Wabi Development Corporation
ALBERTA, CANADA - Seale & Associates, Inc. announced that it acted as exclusive financial advisor to KBR, Inc. (NYSE: KBR) on the acquisition of Wabi Development Corporation (Wabi).
Wabi is a privately held Ontario, Canada-based general contractor that services the energy, forestry, and mining industries. The company will be integrated into KBR's Services Business Unit. Wabi currently employs over 350 people, providing maintenance, fabrication, construction, and construction management services to a variety of clients in Canada and Mexico. Wabi generated revenue of approximately C$124 million in 2007.
KBR is a global engineering, construction, and services company supporting the energy, petrochemicals, government services, and civil infrastructure sectors. The company offers a wide range of services through its Downstream, Government and Infrastructure, Services, Technology, Upstream, and Ventures business segments.
Seale & Associates, Inc., 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.