M&A Deal Summary

Acuren Acquires Alloyweld Inspection

On October 20, 2023, Acuren acquired test/measurement equipment company Alloyweld Inspection

Acquisition Highlights
  • This is Acuren’s 2nd transaction in the Test/Measurement Equipment sector.
  • This is Acuren’s 4th transaction in the United States.
  • This is Acuren’s 1st transaction in Illinois.

M&A Deal Summary
Date 2023-10-20
Target Alloyweld Inspection
Sector Test/Measurement Equipment
Buyer(s) Acuren
Deal Type Add-on Acquisition
Advisor(s) Generational Equity LLC (Financial)

Target

Alloyweld Inspection

Bensenville, Illinois, United States
Alloyweld Inspection provides non-destructive testing, welding, brazing, and metal finishing to critical industries. Alloyweld Inspection was founded in 1968 and is based in Bensenville, Illinois.

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Buyer(S) 1

Buyer

Acuren

Tomball, Texas, United States
Category Company
Founded 1974
Sector Test/Measurement Equipment
Employees5,100
DESCRIPTION

Acuren is a provider of non-destructive testing and related services to energy and industrial end markets in North America. Acuren serves over 8,000 individual customer sites through its 84 field offices in the United States, Canada, and the United Kingdom. Acuren was founded in 1974 and is based in Tomball, Texas.

DEAL STATS #
Overall 4 of 4
Sector (Test/Measurement Equipment) 2 of 2
Type (Add-on Acquisition) 4 of 4
State (Illinois) 1 of 1
Country (United States) 4 of 4
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-01 Versa Integrity Group

Lake Charles, Louisiana, United States

Versa Integrity Group offers a full range of inspection and maintenance repair services to industrial, refining and chemical plants, offshore oil platforms, and other industries including nondestructive evaluation (“NDE”) inspection, automated ultrasonic testing and high-end evaluation technologies such as a phased array, time of flight diffraction, and rope access. Versa Integrity Group is based in Lake Charles, Louisiana.

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