Lane, a U.S. subsidiary of Salini Impregilo, sold its Power & Energy Solutions (LPES) unit to Keystone Capital

Lane (Houston, TX), a U.S. subsidiary of Salini Impregilo (Milan, Italy), sold its Power & Energy Solutions (LPES) unit to private investment firm Keystone Capital (Chicago, IL).

The sale of the unit, which provides provides hydrocarbon storage caverns, oil and gas support facilities such as power and hydroelectric work and federal energy projects, follows that of Plants & Paving last year, allowing Lane to create value from a financial perspective while shifting its focus to the construction of large, complex infrastructure projects.

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Morrissey Goodale
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