Acquisitions Of Businesses

6 Months Ended

Jun. 30, 2013

Business Combinations [Abstract]

Acquisitions Of Businesses

Acquisitions of Businesses

On June 17, 2013, we announced that we had entered into a definitive agreement to acquire RepconStrickland, Inc., a leading provider of recurring turnaround and specialty services to the North American refinery and petrochemical markets, for approximately $455.0 million in cash. We expect to close the acquisition before the end of July 2013.

On May 31, 2013, we acquired a company for an immaterial amount. This company has been included in our United States mechanical construction and facilities services segment.

On January 4, 2012, we acquired a company for an immaterial amount. This company primarily provides mechanical construction services and has been included in our United States mechanical construction and facilities services segment.

The purchase price accounting for the 2012 acquisition referred to above was finalized with an insignificant impact during 2012. The acquisitions referred to above were accounted for by the acquisition method, and the prices paid for the acquired businesses have been allocated to their respective assets and liabilities, based upon the estimated fair values of their respective assets and liabilities at the dates of their respective acquisition. We believe these acquisitions further expand our service capabilities into new technical areas.

During the three months ended June 30, 2013 and 2012, respectively, we recorded a reversal of $2.4 million and $0.1 million of non-cash income attributable to contingent consideration arrangements relating to prior acquisitions. During the six months ended June 30, 2013 and 2012, respectively, we recorded a net reversal of $2.9 million and $0.1 million of non-cash income attributable to contingent consideration arrangements relating to prior acquisitions.