Houston-based McDermott International Inc. has sold the former pipe fabrication assets of The Shaw Group.
The Woodlands-based Chicago Bridge & Iron acquired Louisiana-based Shaw for $3 billion in 2013, and McDermott acquired CB&I for $6 billion in 2018.
Ithaca Acquisitions Holdings LLC is the new owner of the Shaw assets, according to June 2 press releases, which did not disclose the purchase price. The assets consisted of pipe fabrication, structural steel fabrication, piping, mechanical assembly…
