M&A Deal Summary

Intertek Acquires Global X-Ray & Testing

On October 3, 2013, Intertek acquired energy services and equipment company Global X-Ray & Testing from Platte River Equity

Acquisition Highlights
  • This is Intertek’s 3rd transaction in the Energy Services and Equipment sector.
  • This is Intertek’s 21st transaction in the United States.
  • This is Intertek’s 1st transaction in Louisiana.

M&A Deal Summary

Date 2013-10-03
Target Global X-Ray & Testing
Sector Energy Services and Equipment
Buyer(s) Intertek
Sellers(s) Platte River Equity
Deal Type Add-on Acquisition
Advisor(s) BlackArch (Financial)

Target

Global X-Ray & Testing

Houma, Louisiana, United States
Global X-Ray is a specialized provider of quantitative non-destructive testing and evaluation solutions for the major oil and gas companies in the Gulf of Mexico and other key domestic energy markets.

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Buyer(S) 1

Buyer

Intertek

London, United Kingdom

Category Company
Founded 1885
Sector Business Services
Employees43,597
Revenue 3.3B GBP (2023)
DESCRIPTION

Intertek provides global testing, inspection, and certification services. The Company provide 24/7 mission-critical quality assurance solutions to our clients to ensure that they can operate with well-functioning supply chains in each of their operations. Intertek was founded in 1885 and is based in London, England.


DEAL STATS #
Overall 68 of 91
Sector (Energy Services and Equipment) 3 of 4
Type (Add-on Acquisition) 54 of 73
State (Louisiana) 1 of 1
Country (United States) 21 of 29
Year (2013) 5 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-09 Melbourn Scientific

Melbourn, United Kingdom

Melbourn Scientific Ltd. is a specialist pharmaceutical products testing business. Melbourn is a privately owned UK company based near Cambridge, a heartland of the UK's pharma and biotech industry. It employs over 80 expert scientists and staff and reported £4 million of revenue in 2012.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-11 Etec Labs

Phoenix, Arizona, United States

ETEC LABS has a staff of fewer than 20 employees who provide long-term on-road performance testing of advanced vehicle technologies to help clients monitor fleet vehicles powered by fuel cells, internal combustion engines and other energy-enabling engines and motors. ETEC also conducts data analysis to assess the interaction between infrastructure, vehicles and the electric grid.

Buy -

Seller(S) 1

SELLER

Platte River Equity

Denver, Colorado, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2006
PE ASSETS 1.6B USD
Size Large
Type Sector Focused
DESCRIPTION

Platte River Equity is a private equity firm focused on investing in small and middle-market private companies based in the US. Platte River generally invests $25 to $100 million of equity capital per transaction and looks for businesses that can benefit from the Firm's operating expertise. Sectors of interest include aerospace manufacturing and services, metals, chemicals, energy and energy services, natural resources, financial services, and communications. Platte River typically targets control investment situations, but will opportunistically pursue minority investments. Platte River Equity was formed in 2006 and is based in Denver, Colorado.


DEAL STATS #
Overall 5 of 18
Sector (Energy Services and Equipment) 3 of 6
Type (Add-on Acquisition) 2 of 6
State (Louisiana) 1 of 1
Country (United States) 4 of 17
Year (2013) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-30 Wildcat Minerals

Lakewood, Colorado, United States

Wildcat Minerals LLC is an independent provider of transloading, distribution, and logistics for oilfield consumables, primarily proppant, used in the hydraulic fracturing process. Wildcat Minerals was founded in 2007 and is based in Lakewood, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-30 Wellmark

Oklahoma City, Oklahoma, United States

WellMark produces a full line of liquid and pneumatic flow controls and valves to the oil and gas and petrochemical industries.

Sell -