CB&I is a large engineering, procurement and construction (EPC) company with its administrative headquarters in The Woodlands, Texas. CB&I specializes in projects for oil and gas companies. CB&I employs more than 32,000 people worldwide. In May 2018 the company merged into McDermott International. McDermott struggled to integrate its acquisition of Chicago Bridge & Iron Co. On January 21, 2020, McDermott announced that it had filed for Chapter 11 bankruptcy due to asbestos Litigation. A $22.5 million trust fund was made to handle asbestos claims.