By Houston Business Journal

Willbros Group Inc. has completed its $360 million acquisition of InfrastruX Group Inc.

The Houston-based oil and gas contractor says the deal, first announced in March, will expand its North American presence in engineering and construction services for the electric power transmission and distribution markets as well as natural gas developments.

Seattle-based InfrastruX is a provider of power transmission and distribution maintenance and construction services.

InfrastruX will operate as a separate segment of Willbros, the company says.

Willbros also announced it has closed a new $300 million term loan and a $175 million revolving credit facility.

Copyright 2010 American City Business Journals
Copyright 2010