3 June 2014
Huntington Ingalls Industries (NYSE: HII) said that it has acquired UniversalPegasus International Holdings, a provider of engineering and project management services to the domestic and international energy markets.
The value of the transaction is not being disclosed.
UPI was a privately held company headquartered in Houston. It also performs work in Oklahoma, Illinois and Louisiana, as well as Canada, the United Kingdom, and Trinidad and Tobago.
UPI will be a subsidiary of HII reporting to Chris Kastner, corporate vice president and general manager, corporate development.
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. Its website is at www.huntingtoningalls.com, on Facebook at www.facebook.com/HuntingtonIngallsIndustries, and on Twitter: twitter.com/hiindustries.