BoyarMiller Represented Ingenious Inc. in Acquisition DealApril 8, 2016
BoyarMiller represented Ingenious Inc. in the sale of its company to Wood Group, an international energy services company. Headquartered in Houston, Ingenious is a technology company offering award-winning remote performance monitoring software, operator training simulator and e-learning, planning and scheduling software solutions and consulting services to the oil and gas and manufacturing industries.
The transaction was finalized in one-third the time it typically takes for a deal of this size and complexity. The BoyarMiller team included Founding Shareholder Bill Boyar, Shareholder Philip Dunlap and Business Group Associate Cyrus Chin.
HOUSTON, April 8, 2016 – Wood Group has acquired Ingenious Inc., a supplier of proprietary software and consulting services to the global chemical, oil & gas, and energy industries, from its executive leadership team.
The acquisition provides a strong manufacturing operations management (MOM) systems capability that builds upon and diversifies the capabilities of Wood Group Mustang’s automation and control business, within which it will operate. Ingenious’s software products consist of remote performance monitoring, production planning and scheduling, and training, including e-learning and training simulators for the process industries.
Founded in 2000 by Vibhu Sharma and Bharat Kamdar, Houston-based Ingenious provides consulting and engineering services to support software sales and non-software-related services such as process engineering, design and simulation, and process safety management. Ingenious also has an office in Mumbai, India, that supports regional customers, executes international projects and assists in software development. The Mumbai operations expand the automation and control business’s geographic footprint and client relationships in Asia and the Middle East.
“The capabilities Ingenious provides will enhance the scale and breadth of our automation and control business,” stated Michele McNichol, Wood Group Mustang CEO. “Wood Group Mustang has been a client and reseller of Ingenious’s products. Together, we can pursue projects that neither could explore independently.”
Vibhu Sharma, CEO of Ingenious, added, “Joining Wood Group Mustang’s automation and control business allows us to offer existing and new customers an enviable combination of software and consulting services, from training simulators to performance monitoring, planning, scheduling, environmental, APC, MES and related solutions. It’s also a match culturally as we value the same principles that Wood Group embodies. All of us at Ingenious see this as a springboard to establish a strong leadership position in the manufacturing operations management space.”
Wood Group will also be able to leverage Ingenious’s strength in the operator training simulator market to enhance its control system simulators, training tools and services.