M&A Deal Summary

Intertek Acquires Professional Service Industries

On October 14, 2015, Intertek acquired test/measurement equipment company Professional Service Industries from Olympus Partners for 330M USD

Acquisition Highlights
  • This is Intertek’s 25th transaction in the Test/Measurement Equipment sector.
  • This is Intertek’s 4th largest (disclosed) transaction.
  • This is Intertek’s 24th transaction in the United States.
  • This is Intertek’s 3rd transaction in Illinois.

M&A Deal Summary

Date 2015-10-14
Target Professional Service Industries
Sector Test/Measurement Equipment
Buyer(s) Intertek
Sellers(s) Olympus Partners
Deal Type Add-on Acquisition
Deal Value 330M USD
Advisor(s) Lazard Middle Market (Financial)
Kirkland & Ellis (Legal)

Target

Professional Service Industries

Oakbrook Terrace, Illinois, United States
website
Professional Service Industries, Inc. is a provider of testing and assurance services to commercial and civil construction markets, with a broad service offering including building materials testing; geotechnical services; and property and environmental assurance.

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Buyer(S) 1

Buyer

Intertek

London, United Kingdom

website


Category Company
Founded 1885
Sector Business Services
Employees43,597
Revenue 3.2B GBP (2022)
DESCRIPTION

Intertek provides global testing, inspection and certification services. Intertek was founded in 1885 and is based in London, the United Kingdom.


DEAL STATS #
Overall 75 of 91
Sector (Test/Measurement Equipment) 25 of 28
Type (Add-on Acquisition) 60 of 73
State (Illinois) 3 of 3
Country (United States) 24 of 29
Year (2015) 3 of 5
Size (of disclosed) 4 of 45
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-14 Dansk Institut for Certificering A/S

Sjølund, Denmark

Dansk Institut for Certificering is a provider of auditing, training and management system certification services for a wide range of industries including service, transport, food, feed, manufacturing, metal, steel and security. The company headquarters are located in Sjølund in the South of Denmark, with auditors covering all of the country.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-26 MT Group

Long Island, New York, United States

MT Group is a materials testing and specialty construction inspection firm.

Buy -

Seller(S) 1

SELLER

Olympus Partners

Stamford, Connecticut, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1988
PE ASSETS 8.4B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Olympus Partners is a private equity group focused on investing in growth companies with strong management, and positions in their respective markets. The Firm will consider both venture capital and private equity investments and looks to commit $50 to $300 million per transaction. The Firm focuses its investment activities within the business services, healthcare, financial services, consumer, restaurant, software/IT services, and logistics/transportation industries. Olympus Partners was formed in 1988 and is based in Stamford Connecticut.


DEAL STATS #
Overall 34 of 46
Sector (Test/Measurement Equipment) 1 of 1
Type (Add-on Acquisition) 17 of 22
State (Illinois) 3 of 4
Country (United States) 31 of 43
Year (2015) 7 of 7
Size (of disclosed) 8 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-01 Liquibox

Richmond, Virginia, United States

Liquibox is a supplier of bag-in-box flexible packaging to the global dairy, beverage, and bulk food markets. Bag-in-box packaging is primarily used in the food service industry to package dairy mix for milkshakes and coffee drinks, fountain beverage syrup, and pumpable liquid foods such as food concentrates and sauces. Liquibox was formed in 1961 and is based in Richmond, Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-01 Foodware Group

Lodi, New Jersey, United States

Foodware Group is a manufacturer and supplier of front-of-the-house and back-of-the-house products to the food service industry with over 5,000 products across 25 categories. Foodware Group was formed in 1983 and is based in Lodi, New Jersey.

Buy -