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HOUSTON, Feb. 2, 2021 /PRNewswire/ — On February 2, 2021, UniversalPegasus International was acquired by PMC Capital Partners, LLC, a private equity firm based in Los Angeles, California, from Huntington Ingalls Industries, Inc. PMC Capital is backed by a multi-billion dollar conglomerate that has more than 100 years of collective private equity experience. The acquisition of UPI by PMC Capital will allow UPI to continue its proven track record of vertical expansion and organic growth in the oil and gas services sector. In recent years, UPI has expanded its offerings from engineering and field services to include engineering, procurement, construction management, and related construction activities. Through this transformation, UPI has been steadfast in its dedication to being the best overall project delivery company in the sector. As one of the few remaining independent oil and gas engineering companies, UPI will continue to be the employer of choice in the Houston and Calgary markets. UPI’s success is built on strong company values and total transparency with clients. Under PMC Capital’s ownership, UPI will remain a stand-alone company. The current organizational structure and management leadership team remain in place to ensure UPI’s clients continue to receive quality, results-oriented work on schedule. […]
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