M&A Deal Summary

Graycliff Partners Acquires XCEL NDT

On October 30, 2023, private equity firm Graycliff Partners acquired business services company XCEL NDT from CrossBridge Compliance

Acquisition Highlights
  • This is Graycliff Partners’ 9th transaction in the Business Services sector.
  • This is Graycliff Partners’ 66th transaction in the United States.
  • This is Graycliff Partners’ 6th transaction in Texas.

M&A Deal Summary

Date 2023-10-30
Target XCEL NDT
Sector Business Services
Buyer(s) Graycliff Partners
Sellers(s) CrossBridge Compliance
Deal Type Divestiture

Target

XCEL NDT

Longview, Texas, United States
XCEL NDT is a provider of non-destructive testing services for critical infrastructure assets in the petrochemical, pipeline and general industrial industries. XCEL NDT was founded in 2012 and is based in Longview, Texas.

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Buyer(S) 1

Buyer

Graycliff Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1991
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Graycliff Partners is a private equity firm focused on private equity and mezzanine investments in middle-market companies throughout the US. The Firm's mezzanine practice does not have any sector preferences and looks to invest $10 to $50 million in profitable companies with at least $10 million in revenue. Funds are used to support buyouts, growth needs, divestitures, or consolidations. Graycliff's private equity group looks to acquire middle-market companies in the manufacturing, service, and distribution sectors. The Firm looks for businesses with $10 to $200 million of revenue. Graycliff Partners was established in 1991 and is based in New York City.


DEAL STATS #
Overall 71 of 79
Sector: Business Services M&A 9 of 10
Type: Divestiture M&A Deals 3 of 5
State: Texas M&A 6 of 8
Country: United States M&A 66 of 74
Year: 2023 M&A 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-08 Mark Andy

Chesterfield, Missouri, United States

Mark Andy is a manufacturer of flexographic and digital printing equipment and accessories. Mark Andy was founded in 1946 and is based in Chesterfield, Missouri.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-04 PumpMan

Saddle Brook, New Jersey, United States

PumpMan is a provider of pump system maintenance, repair, and new system installation. PumpMan serves more than 2,700 customers in the municipal, commercial, industrial, and residential markets across Southern California. To make sure pump systems continue to be reliable and efficient, PumpMan offers Planned Maintenance Programs. PumpMan was founded in 1997 and is based in Saddle Brook, California.

Sell -

Seller(S) 1

SELLER

CrossBridge Compliance

Longview, Texas, United States

Category Company
Founded 2010
Sector Business Services
DESCRIPTION

CrossBridge Compliance is a provider of safety and training services (e.g., audit, consulting, inspection, training, etc.) required to meet safety regulations in the oil and gas pipeline and railcar industries. CrossBridge Compliance was founded in 2010 and is based in Longview, Texas.


DEAL STATS #
Overall 1 of 1
Sector: Business Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-23 Veracity Technology Solutions

Tulsa, Oklahoma, United States

Veracity Technology Solutions offers leading-edge non-destructive inspection technology and services to the global aerospace community. Veracity's high fidelity detection allows clients to extend the service life of high-value assets, protect business revenues and save human life. Veracity Technology Solutions was founded in 2006 and is based in Tulsa, Oklahoma.

Buy -