The definitive agreement for the acquisition of Specialty Welding and Turnarounds (SWAT) by KBR’s joint venture, Brown & Root Industrial Services, was signed on November 3, 2025.
SWAT, founded in 2014, is headquartered in Gonzales, Louisiana, operates in 22 states, and maintains a network of 32,000 professionals.
The transaction value was not disclosed, and the expected closing date has not yet been announced.
The acquisition expands Brown & Root Industrial Services’ capabilities in the operating‑expenditure market, strengthens KBR’s position in refinery and renewable energy sectors, addresses skilled‑labor shortages, and enhances the company’s financial profile.
KBR’s recent financial performance supports the strategic move: Q2 2024 revenue was $1.9 billion, up 6% year‑over‑year, with Adjusted EBITDA of $216 million, up 13%; Q1 2024 revenue was $1.8 billion, up 7% year‑over‑year, with Adjusted EBITDA of $207 million, up 14%; and Q3 2023 revenue was $1.8 billion, up 9% year‑over‑year, with Adjusted EBITDA of $186 million, up 9%. The Mission Technologies Solutions segment reported $1.4 billion in Q3 revenue, flat year‑over‑year, with $143 million in adjusted EBITDA.
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