Gulf Companies, a leading global player in the oil and gas industry, announced today the successful acquisition of Summum Projects Mexico, a prominent engineering services firm based in Mexico City. This strategic acquisition significantly expands Gulf Companies' presence in Latin America, marking a key milestone in its ongoing global growth strategy.
The acquisition of Summum Projects Mexico enhances Gulf Companies' ability to serve the energy industry by combining the strengths and expertise of both companies. Gulf Companies, with 71 years of experience in project management, engineering, procurement, and construction management services primarily for the upstream and midstream oil and gas sectors, is poised to leverage Summum Projects Mexico's decade-long expertise in the downstream oil and gas and power generation sectors.
“This acquisition is a testament to our commitment to growth and innovation,” said Kent Wilfur, CEO of Gulf Companies. “By integrating Summum Projects Mexico into our operations, and with our recent expansion into Dubai, we are well-positioned to accelerate our growth in international markets. This move diversifies our service offerings and enhances our ability to meet the evolving needs of our clients.”
The acquisition not only broadens Gulf Companies' service portfolio but also provides its clients with access to a wider array of innovative technologies, reinforcing the company’s commitment to delivering solutions that prioritize reliability, quality, and safety.
Daniel Hernández Trejo, Managing Director for the LATAM Region at Gulf Companies, emphasized the strategic importance of the acquisition, stating, “This acquisition marks a significant milestone in our expansion efforts in Mexico and the broader Latin American region. Mexico’s thriving energy sector presents immense opportunities for growth, and we are confident that this acquisition will enhance our market presence and solidify our position as a leading provider of pipeline and midstream engineering services in the USA.”
Summum Projects Mexico’s integration into Gulf Companies is expected to provide a stronger market presence across Latin America, enabling the combined entity to deliver world-class energy and renewable energy infrastructure engineering services to a broader client base.
https://gulfcompanies.com/gulf-companies-expands-presence-in-latin-america-with-acquisition-of-summum-projects-mexico/
