M&A Deal Summary

Versa Integrity Group Acquires Element Integrity Group

On February 27, 2020, Versa Integrity Group acquired test/measurement equipment company Element Integrity Group

Acquisition Highlights
  • This is Versa Integrity Group’s 2nd transaction in the Test/Measurement Equipment sector.
  • This is Versa Integrity Group’s 3rd transaction in the United States.
  • This is Versa Integrity Group’s 1st transaction in Oklahoma.

M&A Deal Summary
Date 2020-02-27
Target Element Integrity Group
Sector Test/Measurement Equipment
Buyer(s) Versa Integrity Group
Deal Type Add-on Acquisition

Target

Element Integrity Group

Bartlesville, Oklahoma, United States
Element Integrity Group, Inc. provides innovative mechanical integrity and non-destructive testing services to the petrochemical industry, including in consulting, program implementation, inspection, verification, and testing.

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Buyer(S) 1

Buyer

Versa Integrity Group

Lake Charles, Louisiana, United States
Category Company
Sector Business Services
DESCRIPTION

Versa Integrity Group offers a full range of inspection and maintenance repair services to industrial, refining and chemical plants, offshore oil platforms, and other industries including nondestructive evaluation (“NDE”) inspection, automated ultrasonic testing and high-end evaluation technologies such as a phased array, time of flight diffraction, and rope access. Versa Integrity Group is based in Lake Charles, Louisiana.

DEAL STATS #
Overall 3 of 4
Sector (Test/Measurement Equipment) 2 of 2
Type (Add-on Acquisition) 3 of 3
State (Oklahoma) 1 of 1
Country (United States) 3 of 4
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-05 Maintenance & Turnaround Resources

Hondo, Texas, United States

Maintenance & Turnaround Resources LLC is a provider of Inspection, Non-Destructive Testing, and Drafting services for the Oil & Gas, Refining, Power, and Petro-Chemical industries. The company has over 30 technicians with offices in Hondo, TX, Tioga, ND, Longmont, CO, and Newcastle, WY.Maintenance & Turnaround Resources was founded in 2011 and is based in Hindi, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-25 Avion Commercial

Huntsville, Alabama, United States

Avion Commercial provides drone imagery, inspection, data collection, and training services for corporate clients across the US. Avion Commercial is based in Huntsville, Alabama.

Buy -
Mergr

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