19 May 2014
Huntington Ingalls Industries (NYSE: HII) said that it has entered into an agreement to acquire UniversalPegasus International Holdings (UPI), a provider of engineering and project management services to the domestic and international energy markets.
The transaction is subject to Hart-Scott-Rodino review and customary closing conditions and is expected to close in June. The value of the transaction is not being disclosed. UPI is a privately held company headquartered in Houston, Texas.
UPI has approximately 1,500 employees and has provided a broad range of engineering and project management services to the energy industry for over 50 years. They safely and reliably deliver project management, engineering, design, survey, inspection and construction management to customers in the domestic and international marketplaces.
Huntington Ingalls Industries designs, builds and maintains nuclear and non-nuclear ships for the US Navy and Coast Guard and provides after-market services for military ships around the globe. For more information about HII, visit www.huntingtoningalls.com, www.facebook.com/HuntingtonIngallsIndustries, twitter.com/hiindustries.