KBR Joint Venture Brown & Root Industrial Services to Acquire Specialty Welding and Turnarounds (SWAT)
KBR (NYSE: KBR) announced that its joint venture Brown & Root Industrial Services signed a definitive agreement on November 3, 2025 to acquire Specialty Welding and Turnarounds (SWAT).
The acquisition combines Brown & Root Industrial Services with SWAT, which was founded in 2014, operates in 22 states, and has a network of 32,000 skilled professionals. The deal is described as creating one of the largest specialty welding and turnaround service providers in North America, expanding customer and end‑market exposure in refinery, petrochemical, and renewables sectors, unlocking cross‑selling opportunities, and expected to generate operational efficiencies.
KBR (NYSE: KBR) ha annunciato che la sua joint venture Brown & Root Industrial Services ha firmato un accordo definitivo il 3 novembre 2025 per acquisire Specialty Welding and Turnarounds (SWAT).
L'acquisizione combina Brown & Root Industrial Services con SWAT, fondata nel 2014, che opera in 22 stati e conta una rete di 32.000 professionisti qualificati. L'operazione è descritta come la creazione di uno dei maggiori fornitori di servizi di saldatura specialistica e turnaround in Nord America, ampliando l'esposizione a clienti e mercati finali nei settori della raffinazione, petrolchimico e delle energie rinnovabili, sbloccando opportunità di cross‑selling e si prevede generi efficienze operative.
KBR (NYSE: KBR) anunció que su empresa conjunta Brown & Root Industrial Services firmó un acuerdo definitivo el 3 de noviembre de 2025 para adquirir Specialty Welding and Turnarounds (SWAT).
La adquisición combina Brown & Root Industrial Services con SWAT, fundada en 2014, que opera en 22 estados y cuenta con una red de 32.000 profesionales calificados. El acuerdo se describe como la creación de uno de los mayores proveedores de servicios de soldadura especializada y turnarounds en Norteamérica, ampliando la exposición a clientes y mercados finales en los sectores de refinería, petroquímica y energías renovables, desbloqueando oportunidades de venta cruzada y se espera que genere eficiencias operativas.
KBR (NYSE: KBR)는 합작법인 Brown & Root Industrial Services가 2025년 11월 3일에 Specialty Welding and Turnarounds (SWAT)를 인수하기로 하는 확정 계약을 체결했다고 발표했다.
인수로 Brown & Root Industrial Services와 SWAT가 결합되며, SWAT는 2014년에 설립되었고 22개 주에서 활동하며 숙련된 전문가 32,000명의 네트워크를 보유하고 있다. 이 거래는 북미에서 가장 큰 특수 용접 및 턴어라운드 서비스 제공업체 중 하나를 만들고 정제, 석유화학 및 재생에너지 부문의 고객과 최종 시장 노출을 확대하며 교차 판매 기회를 창출하고 운영 효율성을 높일 것으로 기대된다.
KBR (NYSE: KBR) a annoncé que sa coentreprise Brown & Root Industrial Services a signé un accord définitif le 3 novembre 2025 pour acquérir Specialty Welding and Turnarounds (SWAT).
L’acquisition combine Brown & Root Industrial Services avec SWAT, fondée en 2014, qui opère dans 22 États et dispose d’un réseau de 32 000 professionnels qualifiés. L’opération est décrite comme la création de l’un des plus grands fournisseurs de services de soudure spécialisée et de turnaround en Amérique du Nord, élargissant l’exposition des clients et des marchés finaux dans les secteurs du raffinage, de la pétrochimie et des énergies renouvelables, débloquant des opportunités de ventes croisées et devant générer des gains d’efficacité opérationnelle.
KBR (NYSE: KBR) gab bekannt, dass sein Joint Venture Brown & Root Industrial Services eine endgültige Vereinbarung am 3. November 2025 unterzeichnet hat, um Specialty Welding and Turnarounds (SWAT) zu übernehmen.
Die Übernahme kombiniert Brown & Root Industrial Services mit SWAT, das 2014 gegründet wurde, in 22 Bundesstaaten tätig ist und über ein Netzwerk von 32.000 qualifizierten Fachleuten verfügt. Der Deal wird als Schaffung eines der größten spezialisierten Schweiß- und Turnaround-Serviceanbieter in Nordamerika beschrieben, der die Kunden- und Endmarktpräsenz in den Bereichen Raffinerie, Petrochemie und erneuerbare Energien erweitert, Cross-Selling-Möglichkeiten freisetzt und voraussichtlich betriebliche Effizienzsteigerungen ermöglicht.
KBR (NYSE: KBR) أعلنت أن مشروعها المشترك Brown & Root Industrial Services وقّع اتفاقاً نهائياً في 3 نوفمبر 2025 لشراء Specialty Welding and Turnarounds (SWAT).
الدمج بين Brown & Root Industrial Services و SWAT، التي تأسست في 2014، وتعمل في 22 ولاية، ولها شبكة من 32,000 محترف ماهر. وتوصف الصفقة بأنها تخلق واحداً من أكبر مزودي خدمات اللحام المتخصصة والتبديل في أمريكا الشمالية، مع توسيع نطاق العملاء والأسواق النهائية في قطاعات التكرير والبتروكيماويات والطاقة المتجددة، وفتح فرص البيع المتبادل، ومن المتوقع أن تولّد كفاءات تشغيلية.
- Signed definitive agreement to acquire SWAT on Nov 3, 2025
- Creates one of the largest specialty welding and turnaround providers in North America
- SWAT operates in 22 states
- SWAT network of 32,000 skilled professionals
- None.
Insights
Acquisition creates a larger North American specialty services platform with expanded customer exposure and cross‑sell potential.
Brown & Root Industrial Services will combine with Specialty Welding and Turnarounds (SWAT) to form one of the largest specialty welding and turnaround providers in North America. The combined platform gains operations in 22 states and access to a reported workforce of 32,000, increasing scale across refinery, petrochemical, and renewables end markets.
Scale should improve bidding competitiveness and allow consolidation of vendor relationships for customers, but integration execution, cultural alignment, and realization of claimed "operational efficiencies" will determine value. The statement highlights exposure to the OpEx market and cross‑selling as primary value levers, which depend on smooth systems and commercial integration.
Watch near‑term items: integration milestones, client retention rates, and any announced efficiency metrics over the next
Deal likely strengthens the joint‑venture’s service mix and revenue diversification across critical industrial customers.
The acquisition adds SWAT’s turnaround, cooling tower, and industrial catalyst services to Brown & Root Industrial Services’ portfolio, expanding customer access in refinery and renewables sectors and increasing OpEx exposure. Management cites enhanced financial profile and expected operational efficiencies as explicit benefits.
Risks to those outcomes include integration costs and the ability to convert cross‑sell opportunities into contract wins. Monitor announced financial targets, any disclosed cost synergies, and customer contract roll‑ups reported in the next
HOUSTON, Nov. 03, 2025 (GLOBE NEWSWIRE) -- KBR (NYSE: KBR) announced today that its joint venture, Brown & Root Industrial Services, has signed a definitive agreement to acquire Specialty Welding and Turnarounds (SWAT), a leading provider of turnaround, cooling tower, and industrial catalyst services. This strategic acquisition will create one of the largest specialty welding and turnaround service providers in North America.
Founded in 2014 and headquartered in Gonzales, Louisiana, SWAT delivers critical industrial solutions to blue-chip customers across the refinery, petrochemical, and renewables sectors. With operations in 22 states and a network of 32,000 highly skilled professionals, SWAT brings deep expertise and a strong safety culture to every project.
“We’re proud to join forces with SWAT, a highly respected leader in the space,” said Andy Dupuy, CEO of Brown & Root Industrial Services. “This strategic acquisition strengthens our position as a critical partner to our customers, empowering us to meet growing demand driven by skilled labor shortages, advancing equipment complexity, and the increasing need for cost-efficiency and reliability across key industrial end markets.”
“The addition of SWAT expands Brown and Root Industrial Services' capabilities and exposure to the OpEx market across energy security assets, delivering highly valued, specialty solutions to customers’ critical assets,” said Stuart Bradie, KBR President and Chief Executive Officer. “The acquisition expands Brown & Root Industrial Services’ customer base and end‑market exposure, particularly in the refinery and renewables sectors, and unlocks new cross‑selling opportunities. It also strengthens the financial profile of the business and is expected to generate operational efficiencies.”
“This transformational acquisition reflects our disciplined approach to executing high-impact combinations that scale platform investments and establish market leaders in critical sectors,” said Ante Kusurin, Partner at One Equity Partners. “By combining their complementary strengths these companies are positioned to operate as a unified industry leader, deliver enhanced value to customers, and drive long-term growth for the combined business.”
“Brown & Root Industrial Services’ proven reliability and outstanding safety record further reinforce its position as the ideal long-term partner for our business,” said Shane Bellanger, CEO of Specialty Welding and Turnarounds. “Together, we offer a broader suite of capabilities and a truly comprehensive industrial services platform that enables customers to consolidate vendors, reduce administrative complexity, and streamline project execution with confidence.”
About KBR
We deliver science, technology and engineering solutions to governments and companies around the world. KBR employs approximately 37,000 people worldwide with customers in more than 80 countries and operations in over 29 countries. KBR is proud to work with its customers across the globe to provide technology, value-added services, and long-term operations and maintenance services to ensure consistent delivery with predictable results. At KBR, We Deliver.
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Forward Looking Statements
The statements in this press release that are not historical statements, including statements regarding future financial performance, the anticipated benefits of Brown & Root Industrial Services' acquisition of SWAT and expectations regarding operational efficiencies and growth opportunities, are forward-looking statements within the meaning of the federal securities laws. These statements are subject to numerous risks, uncertainties and assumptions, many of which are beyond the company’s control, that could cause actual results to differ materially from the results expressed or implied by the statements. These risks, uncertainties and assumptions include, but are not limited to, those set forth in the company’s most recently filed Annual Report on Form 10-K, any subsequent Form 10-Qs and 8-Ks and other U.S. Securities and Exchange Commission filings, which discuss some of the important risks, uncertainties and assumptions that the company has identified that may affect its business, results of operations and financial condition. Due to such risks, uncertainties and assumptions, you are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof. Except as required by law, the company undertakes no obligation to revise or update publicly any forward-looking statements for any reason.
For further information, please contact:
Investors
Jamie DuBray
Vice President, Investor Relations
713-753-5082
Investors@kbr.com
Media
Philip Ivy
Vice President, Global Communications and Marketing
713-753-3800
MediaRelations@kbr.com
FAQ
What did KBR announce on November 3, 2025 about SWAT (KBR)?
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