About McDermott International
McDermott International is a company based in Houston (United States) founded in 1923.. McDermott International has completed 2 acquisitions, including CB&I and Siluria. McDermott International offers products and services including Engineering Services and Fabrication Services.
- Headquarter Houston, United States
- Stage Public
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Sectors
Energy & Utilities
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Mcdermott International Ltd
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$650 M (USD), Debt – Conventional
Oct 21, 2019
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Investors
Goldman Sachs
& 3 more
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Employee Count
Employee Count
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Investments & Acquisitions
CB&I
& 1 more
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IPO & Listings of McDermott International
McDermott International is a publicly listed company on the OTC with ticker symbol MCDIF in USA, operating in the Industrial services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of McDermott International
McDermott International offers a comprehensive portfolio of products and services, including Engineering Services and Fabrication Services. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
A digital-centric approach is employed to enhance efficiency and productivity in delivering sustainable solutions for energy projects.
International standards are adhered to in fabrication facilities, regardless of location, to support energy infrastructure development.
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Software Development Team
144 people
Senior Team
67 people
Leadership Team
61 people
Finance and Accounting
33 people
Operations Team
26 people
Human Resources and Administration
23 people
Principal Team
20 people
Project Team
20 people
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Funding Insights of McDermott International
- Total Funding Total Funding
- Total Rounds 11
- Last Round Debt – Conventional — $650.0M
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First Round
First Round
(25 Aug 2008)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2019 | Amount | Debt – Conventional - McDermott International | Valuation |
investors |
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| Nov, 2018 | Amount | Post-IPO - McDermott International | Valuation |
investors |
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| Mar, 2011 | Amount | Grant - McDermott International | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in McDermott International
McDermott International has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Goldman Sachs, HHS and Ojp. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Investment banking services are delivered across multiple financial sectors.
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Founded Year | Domain | Location | |
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Federal justice system funding, training, and resources are provided.
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Founded Year | Domain | Location | |
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Resources and assistance are provided to HUD's community partners.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by McDermott International
McDermott International has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include CB&I and Siluria. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Natural gas is converted directly into ethylene and liquid fuels.
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2008 | ||||
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EPC solutions for energy infrastructure are provided worldwide.
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1889 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - McDermott International
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Mcdermott International Comparisons
Competitors of McDermott International
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Mcdermott International
Frequently Asked Questions about McDermott International
When was McDermott International founded?
McDermott International was founded in 1923 and raised its 1st funding round 85 years after it was founded.
Where is McDermott International located?
McDermott International is headquartered in Houston, United States. It is registered at Houston, Texas, United States.
Who is the current CEO of McDermott International?
Michael E McKelvy is the current CEO of McDermott International.
What does McDermott International do?
Founded in 1923 and headquartered in Houston, United States, engineering and construction solutions are delivered by the company across the energy sector. Operations span the full energy value chain, including onshore and offshore projects, subsea facilities, and floating structures from concept through decommissioning. An integrated method is employed, blending engineering with technology for fabrication, installation, and sustainable energy transition services.
What products or services does McDermott International offer?
McDermott International offers Engineering Services and Fabrication Services.
Is McDermott International publicly traded?
Yes, McDermott International is publicly traded on OTC under the ticker symbol MCDIF.
How many acquisitions has McDermott International made?
Who are McDermott International's investors?
McDermott International has 4 investors. Key investors include Goldman Sachs, HHS, Ojp, and HUD Exchange.
What is McDermott International's ticker symbol?
The ticker symbol of McDermott International is MCDIF on OTC.