GIS Acquires Discovery for Renewable Push

Oct 16, 2023 03:50 PM ET
  • GIS expands renewable energy services with the acquisition of Discovery Industries. With additional capacity & resources, GIS & Discovery look to expand relationships & services offered. Offerings include upstream, midstream, downstream & more.
GIS Acquires Discovery for Renewable Push

Grand Isle Shipyard (GIS) recently announced the acquisition of Discovery Industries, an EPC contractor based in Edmond, Oklahoma with expertise in onshore wind and utility-scale solar power. This acquisition bolsters GIS’s renewable energy services offering and expands the geographical reach of Discovery’s services. As part of the acquisition, GIS will be providing additional capacity and resources to Discovery, allowing the company to expand their relationships and services offered. GIS offers a wide range of energy services, including upstream, midstream, downstream, emergency relief, and renewable energy services. This latest acquisition is expected to improve GIS’s capacity and provide them with a competitive advantage in the renewable energy sector.

How Will GIS's Acquisition of Discovery Industries Benefit the Renewable Energy Sector?

  • The acquisition of Discovery Industries by GIS expands the geographical reach of Discovery’s services, allowing them to expand and build relationships with more clients.
  • GIS’s increased capacity and resources will enable Discovery to better serve their existing customers, as well as to reach new markets.
  • The acquisition will help GIS gain a competitive edge in the renewable energy sector due to their range of energy services, including upstream, midstream, downstream, emergency relief, and renewable energy services.
  • The acquisition of Discovery Industries by GIS will provide access to more resources and will enable GIS to better serve their customers in the renewable energy sector.
  • The acquisition will also create job and career opportunities for workers in the renewable energy sector.
  • The acquisition will result in increased efficiency and improved cost savings for GIS, as well as their customers.
  • The acquisition will allow GIS to tap into new markets and technologies, giving them an edge over competitors in the renewable energy sector.
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