M&A Deal Summary

Intertek Acquires Hi-Tech Testing Service

On November 30, 2015, Intertek acquired test/measurement equipment company Hi-Tech Testing Service from Professional Service Industries

Acquisition Highlights
  • This is Intertek’s 27th transaction in the Test/Measurement Equipment sector.
  • This is Intertek’s 26th transaction in the United States.
  • This is Intertek’s 6th transaction in Texas.

M&A Deal Summary
Date 2015-11-30
Target Hi-Tech Testing Service
Sector Test/Measurement Equipment
Buyer(s) Intertek
Sellers(s) Professional Service Industries
Deal Type Divestiture

Target

Hi-Tech Testing Service

Longview, Texas, United States
Hi-Tech Testing Service is a provider of non-destructive testing, utilizing various methodologies including conventional radiography and mechanical integrity testing, to avoid failure of pipelines, tanks and vessels.

Search 200,197 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

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 77 of 91
Sector (Test/Measurement Equipment) 27 of 28
Type (Divestiture) 15 of 17
State (Texas) 6 of 7
Country (United States) 26 of 29
Year (2015) 5 of 5
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-11 Food International Trust

Bergamo, Italy

Food International Trust (FIT-Italia) is an Italian company specialising in providing assurance services to the retail and agricultural sectors through food quality and safety assessments. FIT-Italia was the first company in Italy to be accredited to deliver the International Food Standard (IFS) Food Store programme, an initiative developed by food retailers to help retailers through the provision of globally accepted inspection standards.

Buy -

Seller(S) 1

SELLER

Professional Service Industries

Oakbrook Terrace, Illinois, United States
Category Company
Sector Test/Measurement Equipment
DESCRIPTION

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.

DEAL STATS #
Overall 1 of 1
Sector (Test/Measurement Equipment) 1 of 1
Type (Divestiture) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-18 Hi-Tech Testing Service

Longview, Texas, United States

Hi-Tech Testing Service is a provider of non-destructive testing, utilizing various methodologies including conventional radiography and mechanical integrity testing, to avoid failure of pipelines, tanks and vessels.

Buy -
Mergr

Product

Company

Legal