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Drilling Industry NewsConstruction DrillingFoundation DrillingGeotechnical Investigation

Keller Plans Acquisition of Geotech Contracting Firm

Company in Talks to Buy Moretrench Inc.

January 22, 2018

Keller Group PLC has announced ongoing discussions to acquire Moretrench Inc., a geotechnical contracting company the serves the East Coast of the United States. At publication time, the deal remained subject to due diligence.

Moretrench is employee-owned, and the announcement came as talks of the potential purchase began to include a wider group of Moretrench employees.

The company, which in 2016 had revenue of $170 million, has a long resume of complex geotechnical projects. It made Engineering News & Record’s 2016 list for specialty contractors in Excavations and Foundations, landing at No. 8. It offers a range of construction and foundations services, from earth retention to grouting and dewatering and deep foundations.

The acquisition would give Keller access to a new array of geotechnical products and industrial customers, and the company said in a release it would result in good revenue and cost synergies. Keller and Moretrench have a history of successful joint projects, and Keller expects that to mean a compatible culture after the acquisitions.

A further announcement was expected following due diligence.

Keller offers the construction and civil engineering sectors a variety of ground engineering services. It has more than $2 billion in annual revenue and about 9,000 employees worldwide. For more information about Keller Group, visit www.keller.co.uk.

KEYWORDS: geotechnical drilling

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