Applied-Cleveland acquired the inspection business of STS Consulting.

Applied-Cleveland, a leading provider of inspection and integrity management services for energy infrastructure assets in North America, acquired the inspection business of STS Consulting. Applied-Cleveland is a portfolio company of First Reserve, a leading global private equity investment firm exclusively focused on energy. Financial terms were not disclosed. Randy Byers and Matt Cheney, Chairman & CEO and President of Applied-Cleveland, respectively, stated, "STS's core offering of third party inspection to the midstream industry and its commitment to safety and integrity closely mirrors that of our whole organization. We are excited to continue to grow our company on the heels of two additional acquisitions announced earlier this year, and we are pleased to be able to continue offering experienced, highly qualified inspection services to a wide variety of end markets. We are joined by our entire employee base in welcoming STS's employees to the family and look forward to continuing to serve STS's loyal customers."