Burrow Global, Inc. and Demar, Ltd. Announce Merger
Burrow Global, Inc. and Demar, Ltd., announced their merger/acquisition as of January 1, 2010. Burrow Global, Inc. a holding company with offices in Houston and Beaumont, Texas, was established by Michael Burrow, P.E., the former Chairman and CEO of ENGlobal Corporation. Dennis Knoop, P.E., and Steve Maricelli are the partners who formed Demar, a Houston-based AEC and automation firm, in 1978. Under the terms, Burrow Global, Inc. acquired certain assets and liabilities of Demar and Demar’s shareholders became shareholders of Burrow Global, Inc.
“A sure formula for success in any business merger is for partners to be both compatible and competent,” said Burrow. “Dennis Knoop and I share the same business philosophy and value system. It is exciting to anticipate what we can accomplish as a team.”
“The goal at Demar has always been to exceed client expectations,” said Dennis Knoop. “With Mike Burrow’s experience and vision, Steve Maricelli and I are convinced that this merger will enhance our ability to meet client needs, expand our client base, and create an opportunity rich environment for our employees.”
Burrow Global, Inc.
Established in 2009 by Michael Burrow, Burrow Global, Inc. is a holding company whose principal business is acquiring and developing companies for engineering, architectural, construction, and automation services. Our markets are industrial, commercial, and governmental. Burrow Global, Inc. will conclude several more transactions to build a synergistic organization addressing target markets.
Burrow founded Petrocon Engineering, Inc., in 1988, servicing oil and gas and petrochemical industries. Within 9 years, the company grew to 1650 employees, with offices across the Gulf Coast and in the Middle East. Petrocon merged into an entity later renamed ENGlobal Corporation with Burrow as Chairman and CEO. In just over 4 years, Burrow presided over a 23-fold increase in ENGlobal’s share price earning two annual No. 1 ratings and a No. 2 in the Zweig Letter Hot Firm List of fastest growing AEP firms. ENGlobal was also ranked among “America’s Seventeen Safest Companies” by Occupational Hazards Magazine, which Burrow credits to dedicated employees who worked over 20 million man-hours without a lost time injury.
Demar, Ltd.
Demar, Ltd., (originally Demar Engineering, Inc.), was established in 1978 by Dennis Knoop, P.E., and Steve Maricelli as an engineering-construction firm marketing to oil and gas, petrochemical, and heavy manufacturing industries. Demar diversified into industrial and commercial markets in Texas and along the Gulf Coast. Demar has completed projects in 13 states as well as the Caribbean, South America, the Middle East, Africa, and China. Customer satisfaction is proven by the large number of repeat clients.
Demar’s engineering group excels in process design and debottlenecking with fit-to-purpose resource utilization. As constructors, Demar builds both commercial and industrial facilities. With its architectural group, Demar provides complete design-build and turnkey services. In all operations, safety is a constant focus as evidenced by many safety awards. Because we provide our clients with high quality service at a competitive price, Demar has enjoyed continuous growth. Even though the AEC market slowed dramatically in 2009, Demar had one of its best years ever, doubling its gross income over 2008. Demar has been the recipient of numerous industry-related awards and has been recognized multiple times in “The Houston 100” for its positive economic impact on the region.