Seadrill Limited, an offshore drilling contractor, has won new contracts totaling $105 million for the West Neptune and the Sevan Louisiana drillships. The West Neptune drillship has won a contract extension for drilling four more wells with two one-well options from LLOG Exploration Offshore in the US Gulf of Mexico. The firm-term will begin, continuing […]
International Process Plants (IPP) alongside its affiliates has acquired Juniper Acquisitions, the owner of the Juniper Specialty Products gas-to-liquids (GTL) wax manufacturing plant in Westlake, Louisiana. The financial terms of the deal were not disclosed. The rail and truck-served site, which is spread over 10 acres, includes all intellectual property. It is available for lease, […]
Convergint, a provider of service-based systems integration, has acquired Simpson Security Systems, a Louisiana-based security systems integrator, for an undisclosed price. Simpson Security Systems serves Louisiana, Mississippi, Alabama, Arkansas, and Tennessee. According to Convergint, the acquisition of Simpson Security Systems further consolidates and grows its presence across the Southeast and Central regions of the US. […]
US-based Kepro has acquired eQHealth Solutions for an undisclosed price in a move to expand and bolster its population health management and technology solutions portfolio. Based in Louisiana, eQHealth Solutions is a population health management and technology solutions company. Founded in 1986, the company has been engaged in enhancing healthcare quality and cutting down costs […]
Peak Rock Capital, a middle-market private investment firm, said that one of its affiliates has divested Louisiana Fish Fry Products (LFF) to private equity firm MidOcean Partners for an undisclosed price. Louisiana Fish Fry Products is engaged in manufacturing branded, Louisiana-inspired food products in four main categories, which are coatings, sauces and marinades, bases and […]
A&R Logistics, a supply chain services company backed by Wind Point Partners, has acquired RJ’s Transportation for an undisclosed price, in a move to strengthen its footprint in the Gulf Coast within the liquid platform. Based in Port Allen, Louisiana, RJ’s Transportation caters to the chemical industry with bulk liquid transportation and other logistics services. […]
Liberty Bank and Trust Company has agreed to acquire Tri-State Bank of Memphis in an all-cash deal worth around $965 million in a move to foray into the Memphis, Tennessee market. Based in New Orleans, Louisiana, Liberty Bank and Trust Company is the holding company for Liberty Financial Services, which operates across 11 cities in […]
Security Service Insurance said that it has acquired Pace Insurance Managers, an insurance agency based in Springhill, Louisiana, for an undisclosed price. Pace Insurance Managers offers property, general liability, and inland marine insurance for the forest products industry. Jim Chapman – senior vice president of Security Service Insurance said: “For more than sixty years, Pace […]
LyondellBasell and Sasol have agreed to create a 50:50 joint venture (JV) under which the former will acquire a 50% stake in the latter’s 1.5 MM ton ethane cracker, 0.9 MM ton low and linear-low density polyethylene plants, and associated infrastructure in Louisiana, US for $2 billion. The deal includes customary rights for each partner […]
Helios Infrastructure, a joint venture company created by insurance giant Nationwide and Sol Systems, has acquired a 50MW solar power project in West Baton Rouge Parish, Louisiana. The financial details of the transaction and also details of the seller were not disclosed. The energy produced by the solar power plant will be purchased by Entergy […]