- PRESS RELEASE: KP Engineering Acquires McDaniel Process Engineering Consultants, Inc.
June 06, 2016
PRESS RELEASE: KP Engineering Acquires McDaniel Process Engineering Consultants, Inc.
FOR IMMEDIATE RELEASE
Media Contact: Lauren Scotton
KP Engineering Acquires McDaniel Process Engineering Consultants, Inc.
Acquisition affirms KP Engineering’s long-term growth in the face of industry downturn
Tyler, Texas–June 6, 2016– KP Engineering (“KPE”), one of the industry’s leaders in engineering, procurement and construction (EPC) solutions, today announced the completion of its acquisition of McDaniel Process Engineering Consultants, Inc. (“MPEC”), a chemical engineering consulting and design firm based in Houston, Texas. The acquisition of MPEC will enhance KPE’s expertise in refining, midstream and petrochemical process engineering, particularly fractionation applications.
“KPE continues to make significant commitments to technical excellence to best serve our clients, and the MPEC acquisition is the most recent example,” said William Preston, President and Chief Operating Officer of KP Engineering. “This transaction brings additional design and operations expertise to KPE, and our clients will reap the highest benefits.”
MPEC personnel, who are noted experts in their field, have several current and committed projects which will be folded into KPE’s workload.
“I am truly excited to join hands with KPE,” said William Doug McDaniel, MPEC’s founder and CEO. “KPE is highly respected in the industry and understands the need to be responsive to client needs. Their consistent growth despite the industry slowdown speaks to their motivation to serve the best interest of their clients, which matches MPEC’s business philosophy.
“I am confident that MPEC’s process knowledge and experience will blend with KPE’s strengths to provide even more capabilities to clients in the downstream and midstream sectors.”
The MPEC team will all be employed by KPE and will work from KPE’s offices in Houston, Texas.
KP Engineering, LP, based in Tyler, Texas, provides value-based EPC solutions to clients in the refining, midstream, petrochemical, and syngas industries. KPE combines technical expertise and deep experience with an integrated engineering and project management approach to deliver cost-effective projects to markets such as domestic refiners, natural gas processors, chemical manufacturers, and terminal and pipeline owner-operators. KPE provides a full range of EPC services and specializes in fixed-price contracting. For more information about KPE, visit www.kpe.com.