M&A Deal Summary

SOCOTEC Acquires Vidaris

On September 3, 2019, SOCOTEC acquired engineering company Vidaris from Cortec Group

Acquisition Highlights
  • This is SOCOTEC’s 1st transaction in the Engineering sector.
  • This is SOCOTEC’s 1st transaction in the United States.
  • This is SOCOTEC’s 1st transaction in New York.

M&A Deal Summary

Date 2019-09-03
Target Vidaris
Sector Engineering
Buyer(s) SOCOTEC
Sellers(s) Cortec Group
Deal Type Add-on Acquisition
Advisor(s) Lincoln International
Houlihan Lokey (Financial)
Jones Day (Legal)

Target

Vidaris

New York, New York, United States
Vidaris, Inc. is a provider of niche consulting services within the architecture, engineering and construction industries focusing on high‐performance buildings and specialty structures. Vidaris, Inc. was founded in 1923 and is based in New York City.

Search 200,500 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

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 5 of 15
Sector (Engineering) 1 of 4
Type (Add-on Acquisition) 5 of 15
State (New York) 1 of 4
Country (United States) 1 of 11
Year (2019) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-24 Expert Habitat & Industrie Groupe

PARIS, France

Expert Habitat & Industrie Groupe is a provider of expertise and a complete solution for the management of risks. Expert Habitat & Industrie Groupe assist throughout projects: risk identification and assessment until reception of the site.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-09 Forge Engineering

Naples, Florida, United States

Forge Engineering is specializing in Forensics Engineering, Marine Engineering, Building Sciences Engineering, Geotechnical Engineering, Environmental Engineering, and Construction Materials Testing. Forge Engineering was founded in 1996 and is based in Naples, Florida.

Buy -

Seller(S) 1

SELLER

Cortec Group

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 6.4B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Cortec Group is a private equity firm focused on acquiring mid-sized businesses operating in basic industries. Cortec Group is an experienced and knowledgeable investor in healthcare products and services, B2C and B2B products, value-added distribution (including eCommerce), and specialty services companies with equity of $100-$500 million and EBITDA of $10 to $50 million. Cortec Group was formed in 1984 and is based in New York City.


DEAL STATS #
Overall 28 of 35
Sector (Engineering) 1 of 1
Type (Add-on Acquisition) 9 of 9
State (New York) 4 of 4
Country (United States) 28 of 34
Year (2019) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-10 Aspen Medical Products

Irvine, California, United States

Aspen Medical Products is a designer, developer, manufacturer, and marketer of upper and lower spinal orthopedic bracing products. Aspen primarily sells its products through the acute care market, as they offer a high level of motion restriction and are used by patients in need of short-term treatment from severe injuries, have urgent medical conditions, and are recovering from surgery. Aspen Medical Products was founded in 2000 and is based in Irvine, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-01 Community Veterinary Partners

Philadelphia, Pennsylvania, United States

Community Veterinary Partners owns and operates veterinary hospitals and is committed to providing world-class treatment and health services to animals. Community Veterinary Partners was founded in 2009 and is based in Philadelphia, Pennsylvania.

Sell -