Apave Group Acquires IRISNDT from First Reserve

IRISNDT Acquires Altura Wind Services

June 30, 2021

Energy

IRISNDT has acquired Altura Wind Services LLC and will operate Altura as a division within IRISNDT, relocating Altura's operations to IRISNDT's U.S. corporate offices in Houston, Texas. Altura's co-owners Joshua and Samuel Hallam will assume Operations Manager roles; the deal expands IRISNDT's capabilities in wind-turbine inspection, blade repair, and other renewable services. IRISNDT is employee-owned and backed by private equity firm First Reserve.

PAI Partners to Invest in Apave Group

May 25, 2021

Industrial Services

PAI Partners has entered into exclusive negotiations to become a shareholder in Apave Group alongside GAPAVE, supporting Apave's development and external growth strategy. The investment will help finance international expansion, M&A and a sustainable transformation as Apave aims to accelerate its roadmap to become a global leader in the testing, inspection and certification (TIC) market.

Rivean Capital Acquires Intero Integrity Services from First Reserve

June 25, 2024

Industrial Services

Rivean Capital has entered into a definitive agreement to acquire Intero Integrity Services from First Reserve. The transaction will support Intero's international growth (particularly in North America), accelerate technology development and expand its integrity, environmental and industrial services for critical infrastructure; completion is subject to regulatory approvals.

First Reserve Acquires AP4 Group

December 19, 2023

Industrial Services

First Reserve, a global private equity firm focused on energy and industrial markets, has acquired AP Group LLC ("AP4"), a global provider of gas and steam turbine maintenance, parts and field services. The acquisition establishes a platform for First Reserve in mission-critical turbomachinery aftermarket services and positions AP4 for organic growth and complementary add-on acquisitions; financial terms were not disclosed.

Element Materials Technology Acquires ISS Inspection Services from Industrial Service Solutions

October 1, 2024

Industrial Services

Element Materials Technology has acquired ISS Inspection Services, the inspection and non-destructive testing (NDT) segment formerly part of Industrial Service Solutions, a Wynnchurch Capital portfolio company. ISS Inspection Services—comprising NIC Inspection Services, PTI Industries, PRO Inspection Services and CTS Inspection Services—brings ~300 employees across five U.S. facilities and expands Element's NDT, inspection and special-process capabilities in aerospace, defense, space and energy MRO and aftermarket markets.

Kelvin Group (Southfield Capital-backed) Acquires Advanced Examination Services (AES-NDT)

December 5, 2023

Industrial Services

Kelvin Group, backed by Southfield Capital, has acquired Advanced Examination Services (AES-NDT), a Torrance, California-based provider of non-destructive testing (NDT) services for the petroleum, chemical and agricultural industries. The deal is Kelvin Group’s ninth acquisition since partnering with Southfield; Deerpath Capital Management provided debt financing and G2 Capital Advisors served as buy-side advisor.