Deal Details

Intero Is Acquired by Rivean Capital

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Summary

About

Intero is a leading global provider of tech-enabled inspection & compliance services for critical infrastructure focused on ensuring asset integrity and reducing emissions. Its offering consists of three service lines: Inspection Services, which offers ultrasonic and robotic magnetic flux leakage in-line inspection services specialized on difficult-to-inspect applications; Environmental Services, which provides fugitive emissions testing and leak detection services; and Industrial Services, which offers value-added, turnkey services for pre-commissioning, commissioning and de-commissioning of industrial assets. Intero’s service portfolio is further supported by differentiated, proprietary software and in-house data analysis capabilities. The Company supports its 600+ clients through 25 locations globally operating across 40+ countries. Intero has ~450 employees organized across engineering & technology development, in-field deployment, data analysis & interpretation and operations. The Company is headquartered in Tricht, Netherlands.

First Reserve is a leading global private equity firm investing across energy, utility and industrial markets. Founded in 1983, First Reserve has more than 40 years of industry insight and has cultivated a differentiated network of relationships and portfolio exposure. Since inception, First Reserve has raised over $34 billion of aggregate capital and has developed operational expertise built from over 750 transactions, including platform investments and add-on acquisitions. First Reserve is headquartered in Stamford, Connecticut.

Rivean Capital is a pan-European mid-market private equity firm with more than €5 billion in assets under management and has offices in Amsterdam, Brussels, Frankfurt, Milan and Zug, offering local expertise coupled with global reach and execution skills. Since its inception in 1982, Rivean Capital has supported more than 250 companies in realizing their international growth ambitions, both organically as though buy & build. Rivean Capital takes an active approach in driving value creation through its in-house Portfolio Enhancement Program, a core team of experienced professionals with relevant value creation experience and coverage across all core regions. Rivean Capital is headquartered in Amsterdam, Netherlands.

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