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The Shaw Group is a pipe and module fabrication firm specializing in induction bending. Headquartered in Houston, Texas, Shaw employs approximately 700 people across its offices and operations in North America and the Middle East.


History

Shaw was founded in 1986 by
J.M. Bernhard Jr. JM may refer to: Places * Jamaica (ISO 3166-1 alpha-2 country code JM) * Jay Em, Wyoming, a community in the United States Businesses and organizations * Jack's Mannequin, a piano rock band * Jama'at al-Jihad al-Islami, an Islamic terrorist grou ...
, Oscar J.LaFleur, and A.W. Angelo as a fabrication shop. The company was originally known as Shaw Industries Inc. Shaw grew by acquiring stock of Alloy Piping Products, Fronek A/DE, Inc, Naptech, Inc., Pipe Shields Inc., United Crafts, Inc., Merit Industrial Constructors, Inc., Cojafex B.V., Prospect Industries plc, joined with Entergy Corporation to create EntergyShaw L.L.C., Stone & Webster Inc.,
IT Corporation IT Corporation was a United States industrial company whose principal business was the disposal of industrial hazardous waste. At least as early as the 1970s the company was one of the largest market share holders of the liquid hazardous waste d ...
, Envirogen, Inc., MWR, Inc., Badger Technologies from Washington Group International, and Energy Delivery Services from Duke Energy Global Markets, Inc. In 2006 the company acquired a 20% interest in the
Westinghouse Electric Company Westinghouse Electric Company LLC is an American nuclear power company formed in 1999 from the nuclear power division of the original Westinghouse Electric Corporation. It offers nuclear products and services to utilities internationally, includi ...
, the rest majority owned by
Toshiba , commonly known as Toshiba and stylized as TOSHIBA, is a Japanese multinational conglomerate corporation headquartered in Minato, Tokyo, Japan. Its diversified products and services include power, industrial and social infrastructure systems, ...
. In September 2011, Toshiba was reported to be in talks to acquire the Shaw stake. Toshiba is paying $1.6 billion for the 20% stake under a Shaw-owned option, Shaw CEO J.M. Bernhard Jr. said. Shaw said it was the 50% rise in the
yen The is the official currency of Japan. It is the third-most traded currency in the foreign exchange market, after the United States dollar (US$) and the euro. It is also widely used as a third reserve currency after the US dollar and the e ...
on its yen-denominated debt over five years which led it to exercise its sale option. The option was part of the 2006 purchase terms. The transaction was completed in January 2013, and brought Toshiba's stake in Westinghouse to 87%. In July 2012 CB&I agreed to buy Shaw for approximately $3 billion. In December 2012 shareholders from both companies approved the transaction and it officially closed in February 2013. In January 2020 McDermott filed for Chapter 11. On June 1, 2020 it was announced that McDermott has sold the former Shaw Group's pipe fabrication assets to Shaw Acquisitions Holdings LLC for an unknown price. The assets include pipe fabrication, piping, structural steel fabrication, mechanical assembly, and modularization subsidiaries. In this transaction, Shaw Acquisitions Holdings LLC received seven facilities located in Walker and Lake Charles, Louisiana; El Dorado, Arkansas; Laurens, South Carolina; Clearfield, Utah; Abu Dhabi, UAE; and Askar, Bahrain. "As part of the deal, Shaw also acquired rights to The Shaw Group trademark" The Shaw Group has moved its headquarters from Baton Rouge, LA to Houston, TX. The CEO is Mike Childers, COO is Sachin Singh, and CFO is Andrew Cannon.


See also

* Shaw Center for the Arts


References

{{DEFAULTSORT:Shaw Group, The Companies based in Baton Rouge, Louisiana American companies established in 1986 Construction and civil engineering companies of the United States 2013 mergers and acquisitions