M&A Deal Summary

Mattr Infratech Acquires Desert NDT

On July 7, 2014, Mattr Infratech acquired business services company Desert NDT from Sterling Partners Private Equity for 260M USD

Acquisition Highlights
  • This is Mattr Infratech’s 1st transaction in the Business Services sector.
  • This is Mattr Infratech’s 3rd largest (disclosed) transaction.
  • This is Mattr Infratech’s 1st transaction in the United States.
  • This is Mattr Infratech’s 1st transaction in Texas.

M&A Deal Summary
Date 2014-07-07
Target Desert NDT
Sector Business Services
Buyer(s) Mattr Infratech
Sellers(s) Sterling Partners Private Equity
Deal Type Add-on Acquisition
Deal Value 260M USD
Advisor(s) Robert W. Baird & Co., Inc. (Financial)

Target

Desert NDT

Odessa, Texas, United States
Desert is a provider of non-destructive testing (“NDT”) services for new oil and gas gathering pipelines and infrastructure integrity management services, operating through 18 branches located in major U.S. oil and gas basins. Desert has provided integrity management services to the oil and gas industry for more than 20 years. Desert’s solutions span the entire life cycle of oil and gas assets, and include radiographic, ultrasonic and other advanced techniques.

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Buyer(S) 1

Buyer

Mattr Infratech

Toronto, Ontario, Canada
Category Company
Sector Energy Services and Equipment
Employees5,938
Revenue 925M CAD (2023)
DESCRIPTION

Mattr Infratech is a growth-oriented, global energy services company that operates through eight divisions which focus on technology-based products and services for the pipeline and pipe services market and the petrochemical and industrial market with manufacturing and service facilities located in over fifteen countries around the world. Mattr Infratech is based in Toronto, Ontario.

DEAL STATS #
Overall 1 of 6
Sector (Business Services) 1 of 3
Type (Add-on Acquisition) 1 of 5
State (Texas) 1 of 1
Country (United States) 1 of 4
Year (2014) 1 of 1
Size (of disclosed) 3 of 3
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-05 Dhatec B.V.

Bergeijk, Netherlands

Dhatec B.V. is a global energy services company specializing in products and services for the pipeline and pipe services and the petrochemical and industrial segments of the oil and gas industry. Dhatec was founded in 1992 and is based in Bergeijk, Netherlands.

Buy -

Seller(S) 1

SELLER

Sterling Partners Private Equity

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1983
PE ASSETS 5.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Sterling Partners Private Equity is the private equity arm of asset management firm Sterling Partners. Sterling Partners Private Equityis focused on investing in small to medium-sized companies positioned for growth, either organically or through acquisitions. Sterling has a strong interest in businesses with differentiated products, defensible competitive positions, recurring revenues, and diversified customers. The Firm's target equity commitment size is $5 to $175 million. Broad sectors of interest include direct marketing, education, specialty distribution, specialty manufacturing, healthcare, technology, and business services. Sterling Partners was formed in 1983 and is based in Chicago, Illinois.

DEAL STATS #
Overall 25 of 51
Sector (Business Services) 4 of 8
Type (Add-on Acquisition) 17 of 34
State (Texas) 2 of 3
Country (United States) 25 of 49
Year (2014) 1 of 3
Size (of disclosed) 5 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-09 Q-Centrix

Chicago, Illinois, United States

Q-Centrix is a provider of outsourced quality data management solutions for hospitals and healthcare providers. Q-Centrix was founded in 2011 and is based in Chicago, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-10 Results Physiotherapy

Nashville, Tennessee, United States

Results Physiotherapy is a physical therapy company in the U.S., operating a network of over 200 clinics in nine states and treating more than 125,000 patients annually. The company prides itself on its commitment to clinical excellence through employee training and clinical emphasis on individualized treatment through manual therapy, exercise, and education, ensuring evidence-based care for each patient. Results Physiotherapy was formed in 1996 and is based in Nashville, Tennessee.

Buy -
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