Deal Details

Premium Inspection Sold to Acuren

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Summary

About

Premium Inspection offers conventional and advanced NDT, rope access, drone and robotic services, infrared inspection, and calibration services to customers across eight locations throughout the United States Gulf Coast and Midwest. As a regional leader with long tenured relationships and 500 full-time employees, Premium Inspection’s total solutions offering enables the ongoing operation, safety and regulatory compliance of customers’ most critical assets and infrastructure across downstream petrochemical, refining, power generation and industrial end markets. The Company’s portfolio of advanced services and differentiated customer service creates a highly entrenched customer base governed by long-term nested contracts and recurring callout orders. Premium Inspection is headquartered in Baton Rouge, Louisiana.

Calvert Street is a leading private equity firm focused on investing in businesses in the lower middle market in targeted, thesis-led industry sectors. Calvert Street partners with founders, families and skilled management teams of privately held businesses to drive profitable growth and organizational transformation. Since its inception in 1995, Calvert Street’s managed funds have invested over $685 million in over 90 companies (45 platform acquisitions and 46 add-ons). Calvert Street is headquartered in Baltimore, Maryland.

Acuren offers non-destructive testing, inspection, engineering and rope access integrated services and is a single source provider of technology-enabled asset protection solutions used to evaluate the structural integrity of critical energy, industrial and public infrastructures. Acuren provides a spectrum of capabilities, including inspection, traditional and advanced NDE/NDT, failure analysis, rope access, materials engineering, reliability engineering and condition-based monitoring services. Acuren’s work is critical to the integrity and safety of industrial firms across a wide range of end markets, including refinery, pipeline, power generation, pulp & paper, pharmaceutical, aerospace and automotive. Acuren manages a network of 4,500 industry professionals in over 80 locations throughout North America and the United Kingdom and supports the mechanical integrity and inspection programs of the world’s largest industrial segments. Acuren is headquartered in Webster, Texas.

American Securities is a leading United States private equity firm that invests in market-leading North American companies with annual revenues generally ranging from $200 million to $2 billion and/or $50 million to $250 million of EBITDA. American Securities and its affiliates have more than $25 billion under management. American Securities is based in New York, New York with an office in Shanghai.

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