SPL Inc. Acquires Volumetrics

Sentinel Capital Partners Acquires SPL from Industrial Growth Partners

April 8, 2022

Industrial Services

Sentinel Capital Partners has acquired SPL, a Houston-based testing, inspection, and certification (TIC) services provider for energy and environmental markets, in a transaction that closed April 7–8, 2022. The acquisition purchases SPL from Industrial Growth Partners (with management having been a prior co-investor) and positions SPL as a platform to accelerate organic growth and add-on acquisitions across energy, environmental, and international end markets.

SPL, Inc. (IGP Portfolio Company) Acquires AFS (Assured Flow Solutions)

September 27, 2021

Energy

SPL, Inc., a Houston-based testing, inspection and certification (TIC) platform backed by Industrial Growth Partners, has acquired AFS (Assured Flow Solutions). The add-on expands SPL’s laboratory testing, software and tech-enabled consulting capabilities — particularly in flow assurance, asset integrity and ESG — and broadens its footprint in Houston, Denver, Europe and Asia-Pacific.

SPL (IGP Portfolio Company) Merges with Atchafalaya Measurement, Inc.

January 1, 2019

Oil & Gas

SPL, a portfolio company of Industrial Growth Partners (IGP), has merged with Atchafalaya Measurement, Inc. (AMI) to combine field measurement, meter equipment installation, instrumentation/automation and hydrocarbon laboratory analysis. The combination expands SPL's geographic footprint across major U.S. oil and gas plays, enables service-line cross-selling, and integrates AMI's recurring measurement capabilities into SPL's data analytics platform; AMI President Nick Trahan will continue in his role.

SPL Acquires Ana-Lab Corporation

April 5, 2023

Environmental Services

SPL, a Sentinel Capital Partners‑backed testing, inspection and certification (TIC) provider headquartered in The Woodlands, Texas, has acquired Ana-Lab Corporation, an environmental laboratory testing company. The deal adds nine locations (including a Kilgore technology center and an Austin service center), expands SPL's environmental testing capabilities (including PFAS analysis under EPA UCMR5) and brings additional trained technicians to SPL's national footprint.

3D Systems Acquires Volumetric to Advance Organ Bioprinting

October 27, 2021

Biotechnology

3D Systems has agreed to acquire Houston-based biofabrication start-up Volumetric for $45 million at closing with up to $355 million in milestone-based earnouts tied to human-application development, creating a new 20,000 sq. ft. regenerative medicine facility in Houston. The acquisition brings Volumetric's light-based bioprinting platform and biomaterials into 3D Systems' life-sciences capabilities and supports an existing joint development program with United Therapeutics.

SPL Inc. Acquires Lab & Measurement Business of Banded Iron US Inc.

November 21, 2019

Energy

SPL Inc., a Houston-based testing, inspection and certification (TIC) platform backed by Industrial Growth Partners, acquired the laboratory and measurement services business of Banded Iron US Inc. The add-on expands SPL's lab footprint and measurement capabilities across key U.S. energy markets (including Wyoming, New Mexico, Colorado and North Dakota) and adds new testing technology such as flash liberation testing.