Burrow Global, LLC, a Multi-services Provider to Industrial Clients Worldwide, Acquires/Merges Industrial Engineering Management, Inc. hereafter referred to as (IEM)
Burrow strengthens upstream and midstream engineering services and adds full service Baton Rouge and Nassau Bay offices
HOUSTON, TEXAS (January 3, 2013) Burrow Global, LLC (Burrow) has successfully concluded the friendly acquisition/merger of Baton Rouge, Louisiana and Nassau Bay, Texas based engineering firm, “Industrial Engineering Management, Inc. (IEM)”. A highly respected, multi-discipline firm that started operations in mid-2009, IEM specializes in process/conceptual design and FEL package preparation, plant automation, detailed engineering/design, and construction management. IEM, which currently employs over 90 full time technical employees, services primarily the upstream and midstream oil and gas markets and secondarily the refining and petrochemical industries.
This marriage adds depth of expertise and resources in a resource limited market to the upstream/midstream segments while expanding Burrow Global geographically through IEM's full services offices in Baton Rouge, Louisiana and Nassau Bay, Texas.
Under the terms, Burrow acquired assets and stock of IEM and IEM shareholders became shareholders of Burrow. The transaction recently finalized was effective December 31, 2012 with IEM which has been rebranded as “Industrial Engineering Management, LLC a Burrow Global Company” becoming a wholly owned subsidiary of Burrow Global, LLC. Burrow is a rapidly growing engineering, construction and industrial services company employing 960 people and servicing customers across the globe. With this acquisition, the company now operates from twelve domestic offices Beaumont, Houston, Deer Park, Pasadena, Nassau Bay, Port Arthur, Mont Belvieu, Crystal City, Henderson, and Yoakum Texas, Tulsa, Oklahoma, and Baton Rouge, Louisiana plus two fabrication facilities in Crystal City and Henderson, Texas. Burrow is a global player in the provision of engineering and construction services for industrial clients and specializes in process automation, industrial buildings, plant commissioning, start-up, operations and turnaround management.
“IEM has complementary strengths in process engineering and plant automation, two areas that are synergistic with Burrow and will substantially benefit our customers”, said Mike Burrow, P.E., CEO and Board Chairman of Burrow Global, LLC. “With this acquisition, we can now offer all our industrial clients substantially improved capabilities in front end engineering and plant automation covering most industrial process facilities; especially in the development and design of upstream and midstream facilities. The Baton Rouge office will provide the manpower and home office infrastructure needed to facilitate re-establishing Burrow’s presence in that familiar locale. We will use IEM’s strong, established, local foundation to grow our downstream service offering in Louisiana,” said Burrow.
“The depth of expertise in engineering, procurement, and construction already established by the Burrow companies is well known and I believe we will complement their capabilities, especially in the areas of upstream and midstream industrial facilities,” said Craig Borel, P. E., president and CEO of IEM. “Mike Burrow and I worked together for many years in a Baton Rouge engineering company that was acquired by a former Burrow Managed Company in the 1990’s. Our companies have also recently worked together on several midstream projects to the benefit of our clients. We share common values and goals and we know each other well, so it is a good fit. With Burrow’s size, we will be able to offer considerably more resources to our established clients as well as expand our global opportunities in the future.”
About Industrial Engineering Management, LLC a Burrow Global Company:
Industrial Engineering Management, LLC, is a diversified multi-disciplined, consulting engineering firm, established in 2009. IEM was owned, by Craig Borel, P. E, Samantha Wilds, Jennifer Crawford and Barry Boudreaux and operated as a Louisiana Corporation with offices in Baton Rouge, Louisiana and Nassau Bay, Texas. Industrial Engineering Management, LLC, has worked across the United States and abroad. IEM’s services include the full range of engineering, design, and procurement and construction management. IEM designs are appreciated by clients because of their simplistic approach and ease of maintenance. IEM, LLC started in 2009 with only 8 employees and through hard work, quality services and repeat business has grown to over 90 employees as of 2012 year end.
About Burrow Global, LLC:
Burrow Global, LLC is a full service engineering, procurement, construction and facility services firm with specialties in process design and plant automation, turnaround management, and plant commissioning and start-ups. Founded in November of 2009 by CEO and Board Chairman Michael L. Burrow, P.E., Burrow Global is a privately held firm that has exhibited substantial organic growth since 2010 by using strategic acquisitions to position the company to address the needs of its valued clients. With a clear vision for continuous performance improvement and a global priority for safety in execution, Burrow Global Companies have grown to include twelve domestic offices, two shops and almost 1000 employees. The group of companies expects to exceed $150 million in revenues for 2012 and with this acquisition has a revenue run rate exceeding $200 million annually.
http://www.burrowglobal.com
