Add-on Acquisition • Business Services

Versa Integrity Group Acquires Maintenance & Turnaround Resources

On November 5, 2018, Versa Integrity Group acquired business services company Maintenance & Turnaround Resources

Acquisition Context
  • This is Versa Integrity Group’s 1st transaction in the Business Services sector.
  • This is Versa Integrity Group’s 2nd transaction in the United States.
  • This is Versa Integrity Group’s 1st transaction in Texas.

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M&A Deal Summary

Date November 5, 2018
Target Maintenance & Turnaround Resources
Sector Business Services
Buyer(s) Versa Integrity Group
Deal Type Add-on Acquisition

Target Company

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.
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Buyer Overview 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 Context for Buyer #
Overall 2 of 4
Sector: Business Services 1 of 1
Type: Add-on Acquisition 2 of 3
State: Texas 1 of 1
Country: United States 2 of 4
Year: 2018 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-14 Carbon Steel Inspection

Pittsburgh, Pennsylvania, United States

Carbon Steel Inspection, Inc. is a provider of non-destructive testing services for tubing, surface and piping applications. CSI specializes in eddy current services and products that are provided to refining, chemical, and power generation customers. Carbon Steel Inspection, Inc. was established in 1989 and is based in Pittsburgh, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-27 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.

Buy -