Balfour Beatty buys US energy storage business Subsurface Group

Balfour Beatty has acquired American consulting and engineering firm Subsurface Group to expand Parson Brinckerhoff’s energy storage services business in the US.

Subsurface provides services in underground injection, underground storage, specialty wells, petroleum and natural resources, and environmental science. Headquartered in Houston, Texas, Subsurface also has offices in Baton Rouge, Louisiana and South Bend, Indiana. The 37-person business is forecast to generate approximately US$50m (£31m) of revenue in 2012.

Balfour Beatty chief executive, Ian Tyler, said “Subsurface Group’s recognized expertise in underground injection and specialty wells and Parsons Brinckerhoff’s skills and services in underground storage create synergies for us and for the oil and gas, energy and industrial clients both companies serve.

“We are very pleased to have Subsurface as part of Parsons Brinckerhoff and see this acquisition as a significant step in enhancing our wider capabilities in power and energy – a strategic growth area for Balfour Beatty.”

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