[11] The acquisition coincided with a downturn in the price of crude oil which depressed the market for services to the energy industry and left the merged company with substantial debt.

[15] The company was focused on engineering, procurement, and construction management (EPC) contracting and power equipment supply.

The Global E&C Group designed, engineered and constructed leading-edge processing facilities and related infrastructure for the upstream oil and gas, LNG and gas-to-liquids, refining, chemicals & petrochemicals, pharmaceuticals, biotechnology & healthcare, environmental and power industries.

They owned technology in delayed coking, solvent de-asphalting, and hydrogen production processes.

The Global Power Group built, owned and operated cogeneration, independent power production, and waste-to-energy facilities as well as facilities for the process industries, providing electricity, steam, and feed stocks to industries and local grids.