"I would like to congratulate the Veritas Capital and CB&I teams on the successful and timely close of the transaction," said Patrick K. Mullen, who assumes the role of CB&I's Chief Executive Officer 1 July. "Completing the sale of our capital services business is a significant milestone in CB&I's plan to deliver our balance sheet, and we expect an additional positive impact on our overall business by recognising related cost synergies."