NAEP sells piling business to Keller Group for $206M

Jun 11, 2013 | 05:40 PM | Thorsten Schier

Tags  North American Energy Partners, NAEP, Keller Group, piling business, pipeline business, Martin Ferron, Thorsten Schier

NEW YORK — North American Energy Partners Inc. (NAEP) is selling its piling business to Keller Group Plc for net proceeds of about Canadian $210 million ($206.1 million).

"We believe that our improved financial strength and capacity will be a competitive advantage as we continue to compete for heavy civil contracts on oil sands, resource mining and other....

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