KBR Pays $280M for Chicago-based Roberts & Schaefer Co.

Publicly-traded KBR has paid $280 million for Chicago-based Roberts & Schaefer Co., which is a subsidiary of private equity-backed Elgin National Industries. Roberts & Schaefer provides services and processing infrastructure to companies in the mining and minerals, power and industrial industries. Elgin National Industries is a portfolio company of the OCM/GFI Power Opportunities Fund II, L.P., a fund co-managed by Los-Angeles-based Oaktree Capital Management and GFI Energy Ventures.

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