Huntington Ingalls Industries Acquires UPI
Huntington Ingalls Industries informs that it has acquired UniversalPegasus International Holdings (UPI), a leading 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.
Huntington explains that UPI has provided a broad range of engineering and project management services to the energy industry for over 50 years. Whether onshore or offshore, from the wellhead to processing facilities to delivery points, UPI delivers the project management, engineering, design, survey, inspection and construction management personnel to move energy safely, reliably and efficiently to domestic and international marketplaces.
UPI will be a subsidiary of HII reporting to Chris Kastner, corporate vice president and general manager, corporate development.