The Shaw Group history

The legacy Shaw Group was originally established in 1987, in Laurens, South Carolina and grew to be a multi-billion dollar global organization that had built a reputation.

In the 1990’s, when the corporate name changed to The Shaw Group Limited, a series of acquisitions including Prestige Homes in Sussex and the creation of new companies like Shaw Wood, created growth in our product offerings.

By 1993 when the company went public, its revenue had increased to $120.7 million.

The company began an aggressive but focused acquisition strategy with the proceeds of its initial public offering (IPO). In 1994, Shaw adopted the goal of becoming a "total piping resource." In pursuit of this end, it began a major expansion of its technical capabilities.

Shaw continued its strategy of expanding its capabilities through focused acquisitions in 1996.

In October 1997, it bought a U.K. pipe fabrication company.

In pursuit of this expanded strategy, it acquired a construction and maintenance company specializing in offshore facilities in 1998.

By the end of its 1999 fiscal year, Shaw had become a major supplier of pipe systems both domestically and internationally.

Shaw resolved this problem in 2000 by acquiring Stone & Webster (S&W), a century-old provider of EPC services to the power plant industry.

Work on two of them started in 2001.

In an effort to diversify Shaw's business focus beyond the power plant sector and to provide it with a diversified mix of income opportunities, the company agreed in January 2002 to bring The IT Group out of bankruptcy.