Parsons E&C ("Parsons" or the "Company") provides engineering, procurement, project and construction management to the oil and gas, refining, petrochemical / chemical and power sectors. The company operates through its subsidiaries and has its presence in over 30 countries. Services include: engineering consulting and design, re-powering, materials management, quality assurance, pipeline integrity and corrosion engineering, drafting and mapping and linear programming.
GulfStar Group announced the sale of Parsons E&C, a Houston-based construction and engineering company, to Worley Group Limited, a publicly traded energy equipment and services company based in North Sydney, Australia. GulfStar served as Parsons E&C exclusive financial advisor.