Tenaska Completes InfrastruX Sale

Willbros Group Inc. has completed its acquisition of InfrastruX Group Inc., a utilities services company backed by Tenaska Capital Management. The deal was valued at $480 million in cash and stock.

The deal closing was disclosed by InfrastruX, in an SEC filing that withdrew registration for a $290 million IPO.

Tenaska had acquired InfrastruX from Puget Energy Inc for $275 million in 2006.