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Global trading company purchases majority interest in McClure
Ioannis Pashakis//December 1, 2021
Harrisburg mechanical contracting and energy services firm, McClure Company, has sold a majority interest in the company to New York and Tokyo-based Sojitz Corporation of America (SCA).
McClure President Chip Brown announced the sale on Tuesday, calling it a “momentous time in the growth of McClure Company.”
“Our 68-year reputation for performance and innovation in mechanical construction and energy services has attracted the attention of a highly respected global partner—Sojitz Corporation of America,” said Brown. “Their 100-year legacy of investing in groundbreaking companies, supporting teams with their network, and creating new business value is in perfect alignment with McClure’s mission.”
McClure plans to continue operating as a private company under the agreement with no business changes from either the employee or customer perspectives. Brown added that the company will retain its workforce with no disruptions in workflow.
SCA invests in global infrastructure, energy and sustainable businesses. McClure is the company’s first energy services firm in the United States.
“Sojitz is well-positioned to strengthen and expand McClure’s energy services platform, an area where they have demonstrated significant growth and performance, especially in the promising markets of renewables and power projects,” says Shu Takeoka, SCA assistant director. “We are focused on the possibilities of tomorrow and will support the McClure team by developing energy solutions that combine both companies’ assets, functions, and services.”
