Acuren Corporation to Merge with NV5 Global, Inc. to Form a $2B+ TICC and Engineering Services Company

Admiral Acquisition Limited to Acquire Acuren from American Securities for $1.85 Billion

May 22, 2024

Industrial Services

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.

Acuren Acquires Premium Inspection & Testing Group

November 19, 2021

Industrial Services

Acuren, a portfolio company of American Securities, has acquired Premium Inspection & Testing Group from Calvert Street. Premium, headquartered in Baton Rouge, Louisiana, provides nondestructive testing (NDT), inspection, rope access, drone/robotic and calibration services and will join Acuren's broader network to expand service capabilities and geographic coverage.

Acuren Acquires Alloyweld Inspection

October 20, 2023

Industrial Services

Acuren Inspection, Inc. acquired Alloyweld Inspection Company, Inc., a two-location Illinois nondestructive testing (NDT) services provider; the transaction closed on September 13, 2023. Generational Equity advised Alloyweld on the sale — the deal brings Alloyweld’s specialized radiography and 3D CT capabilities into Acuren’s broader asset integrity and NDT platform to expand service capabilities for aerospace, medical device and industrial customers.

Clarion Capital Partners Invests in International Cybernetics to Launch TICC Infrastructure Testing Platform

June 12, 2025

Infrastructure

Clarion Capital Partners has invested in International Cybernetics (ICC), partnering with ICC management and shareholders to establish a Testing, Inspection, Certification and Compliance (TICC) platform focused on infrastructure testing and inspection across the U.S. and Canada. Stellus Capital Management provided unitranche senior debt financing and an equity co-investment to support the transaction; ICC will continue to be led by CEO Michael Nieminen while Mustafa Temiz will help oversee the combined platform.

NV5 Global Acquires Herman Cx

March 14, 2025

Engineering Services

NV5 Global, a provider of engineering, technology, and conformity-assessment services, has completed the acquisition of Herman Cx, a commissioning and conformity-assessment firm focused on hyperscale data centers. The deal, paid in cash and stock, expands NV5's mission-critical data center commissioning capabilities and is expected to immediately be accretive to earnings while enabling cross-selling into NV5’s MEP, fire protection, and power-delivery services.

NV5 Global Acquires Fluhrer Reed

March 14, 2024

Engineering Services

NV5 Global, Inc. (NASDAQ: NVEE) has acquired Fluhrer Reed, a Research Triangle structural and forensics engineering firm founded in 1999. The acquisition expands NV5’s structural engineering and forensics capabilities in North Carolina and complements its mechanical, electrical, plumbing and technology design offerings for building projects.