As part of a streamlining announced last December, Houston-based engineer-contractor KBR is selling its building construction unit to Illinois construction firm Pernix Group Inc. for $28 million, including $6 million in working capital, the firms said June 10.
Under the deal, set to close by June 30, Lombard-based Pernix is buying the operation as the BE&K Building Group, reverting to its origin as part of independent open-shop contractor BE&K. KBR bought BE&K in 2008 for $550 million in cash.