Furmanite completes its acquisition of certain assets of ENGlobal's Gulf Coast operations

|About: Furmanite Corporation (FRM)|By:, SA News Editor

Furmanite (FRM +2%) moves higher after saying it's completed its purchase of certain professional service assets of ENGlobal Corporation's (ENG) Gulf Coast Operations.

Following the transaction's close, around 900 full-time employees will have transitioned to Furmanite Technical Solutions, a newly created division of Furmanite America, which will operate as a "sister organization" within the company.