Graycliff Partners Acquires XCEL NDT
October 30, 2023
Graycliff Partners has acquired XCEL NDT, a U.S.-based provider of non-destructive testing and inspection services for petrochemical, pipeline and general industrial customers. Southfield Mezzanine provided subordinated debt and an equity investment to support Graycliff's acquisition; Graycliff and XCEL management plan to grow the business organically and via add-on acquisitions, expanding services, geographies and end markets.
- Targets
- XCEL NDT
- Industry
- Industrial Services
- Location
- Texas, United States
- Transaction Type
- Buyout
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