Zachry Holdings, Inc. acquires JVIC
Zachry Holdings, Inc. announced today that it has completed the acquisition of JV Industrial Companies, a Houston-based industry leader serving clients primarily in the refining and petrochemicals sector. JVIC provides Fortune 500 companies turnkey solutions for their turnaround, maintenance, repair and related facility requirements.
“Expanding Zachry’s capabilities to cover the full spectrum of services required by customers in our core markets is a major element of our strategy. This acquisition represents a major step forward on that path,” said John Zachry, CEO of Zachry Holdings, Inc. “JVIC is an impressive and well-managed company. Our customers will benefit from expanded and enhanced services and our employees will benefit from the additional career opportunities.”
The combination of these highly complementary businesses will result in one of the largest organizations dedicated to serving U.S.-based energy and industrial clients. With a workforce of more than 20,000, Zachry will provide a wide range of services including engineering, construction, maintenance, turnarounds and fabrication, as well as a number of highly specialized services. The company will operate in close to 350 sites nationwide.
Houlihan Lokey served as exclusive financial advisor to ZHI.
About Zachry Holdings, Inc.
Zachry Holdings, Inc. is a privately held business engaged primarily in the engineering, construction, and maintenance of large industrial facilities in the United States. Based in San Antonio, Texas, the company serves a broad range of industry sectors including fossil & renewable power generation, petrochemical, refining, forest products, food & beverage, pharmaceutical and nuclear. Visit www.zhi.com for more information.
Founded in 1998, privately held JVIC provides industrial clients with best-class turnaround, construction, engineering and fabrication services. The company has 20 office locations throughout the United States, and offers services to customers in the refining, petrochemical, midstream oil and gas, forest products and fertilizer/ammonia markets. Visit www.jvic.com for more information.