not the big deal ,Another small step tp MATTR.
About $14 million in sales for this inspection division.
TORONTO, June 01, 2023 (GLOBE NEWSWIRE) -- Shawcor Ltd. (“Shawcor” or the “Company”) (TSX: SCL) announced today that it has sold its Shaw Pipeline Services (“SPS”) operating unit to a US-based investor group which includes Achieve Capital LLC and members of current SPS management. This transaction resulted from the Company’s previously announced strategic review process.
With this sale, the Company’s Pipeline and Pipe Services (“PPS”) segment will consist entirely of the Pipeline Performance Group (“PPG”) operating unit, for which a previously communicated strategic review process is ongoing.