UniversalPegasus was formed in February 2008, when two Houston-based companies, Universal Ensco and Pegasus International were acquired by KRG Capital Partners, a well-established private equity firm. KRG's objective is to build a unique, world-class company that provides its clients with a broad range of engineering and project management services focused on the gathering, transmission and processing of hydrocarbons and hydrocarbon-based products, both onshore and offshore. Universal, founded in 1961, is the largest Pipeline Engineering firm in North America. Universal has developed innovative technologies for completing projects and adding value to client businesses. Pegasus is recognized as one of the world's foremost offshore engineering and project management firms. Pegasus, which was formed in 1981, is known for its technical problem-solving expertise in some of the world's most challenging conditions.