Singapore’s Ezra makes a splash in Houston

Ezra Holdings said it has purchased a 650,00-square-foot fabrication facility in Houston to support its recent acquisition of offshore engineering firm Aker Marine Contractors.

The Singapore-based firm, with its U.S. headquarters in Houston, paid Aker Solutions AS$250 million for the Aker business earlier this year.

The  facility, located at 12221 Alameda Road, was purchased from the bankrupt estate of Goodcrane Corp., which manaufactured cranes used in the offshore business.

“The new Houston base will allow us to quickly start our drive into the engineering and fabrication market in the Americas and Europe,” said Lionel Lee, Ezra’s Houston-based managing director.

“We expect the continued investments in our core offshore support, engineering and deep-water subsea services capabilities to accelerate our expansion into the Gulf of Mexico, North Sea, Latin America and African markets, and transform Ezra into a top-tier fully integrated global O&G support services provider.”

Ezra also plans to take a 50 percent stake in Aker Solutions’ AMC Connector, a $300 million offshore installation vessel, and do a five year joint-marketing agreement with Aker Solutions, which involves Aker taking an equity position in Ezra.