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Willbros Closes Sale of Tank Services Business

/EIN News/ -- HOUSTON, Jan. 03, 2018 (GLOBE NEWSWIRE) -- Willbros Group, Inc. (NYSE:WG) announced today that it completed the sale of its tank construction and repair and maintenance business to Alliance Tank Services. The transaction is effective January 1, 2018 and will be reflected in first quarter 2018 results.

Michael Fournier, Willbros President and CEO, commented, “While this is not a significant financial transaction, completion of this lengthy sales process complements our ongoing efforts to streamline our U.S. oil and gas operations.”

About Willbros

Willbros is a specialty energy infrastructure contractor serving the oil and gas and power industries with offerings that primarily include construction, maintenance and facilities development services. For more information on Willbros, please visit our web site at www.willbros.com.

CONTACT:
Stephen W. Breitigam
VP Investor Relations
Willbros
713-403-8172

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Distribution channels: Energy Industry