M&A Deal Summary

SOCOTEC Acquires Future Tech Consultants

On April 16, 2024, SOCOTEC acquired business services company Future Tech Consultants

Acquisition Highlights
  • This is SOCOTEC’s 9th transaction in the Business Services sector.
  • This is SOCOTEC’s 11th transaction in the United States.
  • This is SOCOTEC’s 4th transaction in New York.

M&A Deal Summary

Date 2024-04-16
Target Future Tech Consultants
Sector Business Services
Buyer(s) SOCOTEC
Deal Type Add-on Acquisition

Target

Future Tech Consultants

Mineola, New York, United States
Future Tech Consultants is an A2LA-accredited special inspections agency that provides Engineering, Special, and Progress Inspections to Owners and Owner Representatives throughout the New York tri-state area. Future Tech Consultants was founded in 1994 and is based in Mineola, New York.

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Buyer(S) 1

Buyer

SOCOTEC

Guyancourt, France

Category Company
Founded 1953
Sector Business Services
DESCRIPTION

SOCOTEC is a provider of inspection and risk management services in the fields of quality, health, safety and environment. Socotec has gradually and successfully diversified its product offering and is today present in a wide range of TIC ('Testing, Inspection and Certification') segments, focussing on asset preservation: equipment inspection, real estate diagnostics and testing and inspection within the Energy sector (notably Nuclear and Oil & Gas). SOCOTEC was founded in 1953 and is based in Guyancourt, France.


DEAL STATS #
Overall 16 of 19
Sector: Business Services M&A 9 of 10
Type: Add-on Acquisition M&A Deals 16 of 19
State: New York M&A 4 of 5
Country: United States M&A 11 of 14
Year: 2024 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-16 DnA

New York, New York, United States

DnA is a full-service consulting firm that provides special inspections, testing services, and expert consulting. DnA was formed in 2010 and is based in New York City.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-01-06 Ninyo & Moore

San Diego, California, United States

Ninyo & Moore is a testing and inspection firm specializing in geotechnical engineering, environmental services, materials testing, inspection services, industrial hygiene, and occupational safety. Their expertise extends to soil and groundwater contamination assessment, site remediation, hazardous building materials assessment, industrial hygiene, and occupational safety. Its diverse client base spans public and private sectors, including schools, hospitals, high-rises, utilities, contractors, developers, and architects. Ninyo & Moore was formed in 1986 and is based in San Diego, California.

Buy -