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McDermott delivers engineering and construction solutions for the global energy industry, specializing in complex offshore and onshore projects. The company offers integrated capabilities across the project lifecycle, encompassing subsea and floating facilities, offshore infrastructure, high-voltage direct current systems, and liquefied natural gas, leveraging a technology-driven approach.
Ralph Thomas McDermott established the firm in 1923 in Eastland, Texas. At 24, McDermott founded J. Ray McDermott & Company, securing an early contract to construct wooden drilling rigs for the burgeoning oil industry. His venture highlighted an acute understanding of essential energy infrastructure demands.
Serving a diverse clientele within the energy sector, McDermott supports operations from traditional hydrocarbon extraction to evolving low-carbon pathways. The company’s long-term vision focuses on responsibly transforming global energy resources into essential products, aligning its expertise with the demands of the global energy transition.
Key people at McDermott.
McDermott was founded in 1923 by Julie McDermott (Founder and CEO) and Ralph Thomas mcdermott (Founder).
Key people at McDermott.
McDermott was founded in 1923 by Julie McDermott (Founder and CEO) and Ralph Thomas mcdermott (Founder).
McDermott has 1 tracked investment across 1 company. The latest tracked deal is $27.0M Series A in Primmune Therapeutics in October 2020.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Oct 1, 2020 | Primmune Therapeutics | $27.0M Series A | CAM Capital, Amir Nashat | Domain Associates, Polaris Partners, BioBrit, Biorock Ventures, Andrew Rubinstein, Samsara BioCapital |