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Click on the top to follow us A consortium led by Mason Capital Management LLC, in partnership with IES Holdings, Inc., Nut Tree Capital Management, LP, 683 Capital Management, LLC, First Pacific Advisors, and other investors, announced that it has entered into a definitive agreement to acquire the CB storage solutions business, the world’s foremost designer and builder of storage facilities, tanks and terminals for energy and industrial markets, from McDermott International, Ltd. CB is the world’s most technically advanced builder of storage facilities serving customers across the water and wastewater, upstream, downstream, petrochemical and industrial sectors. The Company delivers products and solutions for critical energy infrastructure projects, including complex low temperature and cryogenic storage systems for LNG, hydrogen, and ammonia. Established in 1889 and headquartered in The Woodlands, Texas, CB has more than 4,000 employees and 30 locations across North America,
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