TULSA, Okla., Dec. 9, 2013 (GLOBE NEWSWIRE) -- Matrix Service Company (Nasdaq:MTRX) has signed a definitive agreement to acquire Kvaerner North American Construction, Ltd. ("KNAC Ltd") and substantially all of the assets of Kvaerner North American Construction, Inc. ("KNAC Inc"), collectively the "Business", from subsidiaries of Kvaerner ASA. The all-cash transaction is valued at $80.3 million, net of cash acquired and other adjustments. The purchase price will be paid by utilizing a combination of cash on hand and borrowings under the Company's senior credit facility.
Matrix Service Company To Acquire North American Construction Business Assets From Kvaerner
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