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PMC Capital Acquires Specialty Engineering Firm UniversalPegasus International from Huntington Ingalls Industries, Inc.


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LOS ANGELES, Feb. 3, 2021 /PRNewswire/  PMC Capital Partners, LLC (PMC Capital) is back again on the acquisition trail after completing the buy-out of an award-winning multifunctional engineering design firm, UniversalPegasus International, Inc., of Huntington Ingalls Industries, Inc. (NYSE: HII). Headquartered in Houston, Texas, UniversalPegasus has a track record of delivering turnkey integrated engineering, procurement, and construction management (EPCM) solutions; ranked by
Engineering News-Record (ENR) as No. 59 of the Top 500 Design Firms and among the top 10 in the petroleum sector. ENR s list ranks public and private companies by its markets share of total revenue. Financial terms of the deal with HII were not disclosed. ....

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UniversalPegasus International poised for continued success under New Ownership


UniversalPegasus International poised for continued success under New Ownership
UniversalPegasus International poised for continued success under New Ownership
HOUSTON, Feb. 2, 2021 /PRNewswire/  On February 2, 2021, UniversalPegasus International was acquired by PMC Capital Partners, LLC, a private equity firm based in Los Angeles, California, from Huntington Ingalls Industries, Inc.  PMC Capital is backed by a multi-billion dollar conglomerate that has more than 100 years of collective private equity experience.
The acquisition of UPI by PMC Capital will allow UPI to continue its proven track record of vertical expansion and organic growth in the oil and gas services sector.  In recent years, UPI has expanded its offerings from engineering and field services to include engineering, procurement, construction management, and related construction activities.  Through this transformation, UPI has been steadfast in its dedication to being the best overall project del ....

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