Ithaca Acquisitions Holdings and other investor group acquired Pipe Fabrication Assets from The Shaw Group International Inc. and McDermott International, Inc. (OTCPK:MDRI.Q) on June 1, 2020. The acquisition is of business of pipe fabrication, structural steel fabrication, piping, mechanical assembly and modularization. The business includes facilities in El Dorado, Arkansas, Lake Charles and Walker, Louisiana, Laurens, South Carolina, and Clearfield, Utah, as well as interests in joint ventures operating in Bahrain and the United Arab Emirates. Key markets served by the business include refining, LNG, power, petrochemical, chemical and offshore oil and gas production. The sale transaction also included rights to the “Shaw Group” trademark, which the buyer intends to use as its primary brand. Ithaca Acquisitions Holdings will rename itself Shaw Acquisitions Holdings and operate the business as Shaw. Mike Childers and Sachin Singh will lead Shaw Acquisitions Holdings. Simmons Energy | A Division of Piper Sandler acted as a financial advisor to Ithaca Acquisitions Holdings. Ted Paris, James Mayor, Derek Green, Jon Lobb, Gail Stewart and Chris Wilson of Baker Botts L.L.P. acted as legal advisor to McDermott and Greenhill & Co., Inc. acted as a financial advisor McDermott in the transaction. Ingrid Myers, John Taylor, Jonathan Talansky, Jeanie Cogill, Ed Holzwanger, Rajesh Patel, Matthew Warren and Craig Stanfield of King & Spalding acted as legal advisor to Michael Childers and a group of co-investors in the transaction. Ithaca Acquisitions Holdings and other investor group completed the acquisition of Pipe Fabrication Assets from The Shaw Group International Inc. and McDermott International, Inc. (OTCPK:MDRI.Q) on June 1, 2020.