Admiral Acquisition Limited to Acquire Acuren from American Securities for $1.85 Billion
May 22, 2024
Funds advised by American Securities LLC have agreed to sell ASP Acuren Holdings Inc. (Acuren), a leading North American provider of asset integrity, nondestructive testing and engineering lab services, to Admiral Acquisition Limited for $1.85 billion. The transaction, which values Acuren after ~4.5 years of American Securities ownership and multiple tuck-in acquisitions, is expected to close in early Q3 2024 and represents an exit/realization of investment for American Securities.
- Buyers
- Admiral Acquisition Limited
- Targets
- Acuren
- Sellers
- Funds advised by American Securities LLC, American Securities LLC
- Industry
- Industrial Services
- Location
- Texas, United States
- Transaction Type
- Buyout
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