Deal Details
Desert Is Acquired by ShawCor
Summary
Desert NDT LLC (“Desert”), a portfolio company of Sterling Partners, was recently acquired by ShawCor Ltd. (“ShawCor”) (TSX: SCL) for approximately $260 million.
Baird served as exclusive financial advisor to Desert NDT LLC on this transaction.
About
Desert is a provider of non-destructive testing (“NDT”) services for new oil and gas gathering pipelines and infrastructure integrity management services, operating through 18 branches located in major U.S. oil and gas basins. Desert has provided integrity management services to the oil and gas industry for more than 20 years. Desert’s solutions span the entire life cycle of oil and gas assets, and include radiographic, ultrasonic and other advanced techniques. Desert is headquartered in Houston, Texas.Founded in 1983, Sterling Partners is a private equity firm that has invested billions of dollars of growth capital in small and mid-market companies in the education, healthcare and business services sectors. Sterling Partners provides support to the management teams of the companies in which the firm invests through a deep and dedicated team of operations and functional experts based in the firm’s offices in Chicago, Baltimore and Miami.
ShawCor is a global energy services company specializing in products and services for the pipeline and pipe services and the petrochemical and industrial segments of the oil and gas industry. ShawCor operates through eight divisions with over seventy-five manufacturing and service facilities located around the world. ShawCor is headquartered in Toronto, Ontario, Canada.
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- Date
- July 2014
- Company
- Desert NDT LLC
- Transaction
- M&A - Sellside
- Sectors
- Industrial
- Verticals
-
Testing, Inspection, Certification & Compliance ("TICC")
- Target Geography
- North America
- Acquiror Geography
- North America
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