M&A Deal Summary

ADV Integrity Acquires Velentium - Oil & Gas Division

On February 1, 2023, ADV Integrity acquired technology hardware company Velentium - Oil & Gas Division from Velentium

Acquisition Highlights
  • This is ADV Integrity’s 1st transaction in the Technology Hardware sector.
  • This is ADV Integrity’s 1st transaction in the United States.
  • This is ADV Integrity’s 1st transaction in Texas.

M&A Deal Summary
Date 2023-02-01
Target Velentium - Oil & Gas Division
Sector Technology Hardware
Buyer(s) ADV Integrity
Sellers(s) Velentium
Deal Type Divestiture

Target

Velentium - Oil & Gas Division

Katy, Texas, United States
Velentium - Oil & Gas Division focused on high-pressure high-temperature (HPHT) test systems and automated monitoring for oil & gas, hydraulics, and pneumatics applications.

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Buyer(S) 1

Buyer

ADV Integrity

Magnolia, Texas, United States
Category Company
Sector Business Services
DESCRIPTION

ADV Integrity is an engineering consulting and business strategy firm primarily focused on serving the oil & gas pipeline industry. ADV Integrity is based in Magnolia, Texas.

DEAL STATS #
Overall 1 of 1
Sector (Technology Hardware) 1 of 1
Type (Divestiture) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1

Seller(S) 1

SELLER

Velentium

Richmond, Texas, United States
Category Company
Sector Medical Products
DESCRIPTION

Velentium specializes in the design and manufacturing of therapeutic and diagnostic medical devices for companies ranging from startups to Fortune 100s. Velentium is based in Richmond, Texas.

DEAL STATS #
Overall 1 of 1
Sector (Technology Hardware) 1 of 1
Type (Divestiture) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1
Mergr

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