United Kingdom-based Wood Group said it will buy the Houston area’s The Infinity Group industrial construction firm for $150 million.
Wood Group, which has a major Houston presence, said Infinity will operate within its division serving construction and maintenance projects for the refining and petrochemical sectors.
Privately-owned Infinity was founded in 1952 and is headquartered south of Houston in Clute, but the company also operates in La Porte along the Houston Ship Channel. Infinity’s management team and 2,500 employees will be maintained under the Wood Group umbrella. Infinity also can collaborate on projects with its Houston-based Wood Group Mustang division, the energy engineering and construction giant said.