Willbros sells US downstream engineering unit

Willbros Group finalized the sale of its downstream engineering organization, effective June 12, to a group led by Bernhard Capital Partners (BCP), the company announced on Monday.

As of the close, the company will remain based in Baton Rouge, Louisiana, and will operate as Wink Engineering.

The management team will remain unchanged with Andy Farris serving as CEO of Wink. Kevin Steed will continue as president of Wink Engineering, Mike Willem as GM of the New Orleans office, Tony Huval as GM of the Baton Rouge office and Chris Engels as GM of the Tulsa office. Meanwhile, Raleigh Richards will continue as chief financial officer (CFO).

"Since being acquired by Willbros in 2009, all of the original elements of the Wink organization have remained intact," said Farris. "We are delighted to be returning to our roots as a privately-held company and are excited about the opportunities in front of us. The opportunity to partner with the team at BCP provides Wink with a tremendous amount of support and complementary experience in our industry."

Wink's partnership with BCP will allow the company to continue to grow as a regional and national leader in engineering design and project execution, according to group officials.