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Announced

Completed

Onpoint Industrial Services completed the acquisition of Innovative Ventilation Systems.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

ventilation services

United States

Acquisition

Completed

Private

Specialty Contracting

Majority

Friendly

Domestic

Synopsis

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Onpoint Industrial Services, a logistics service in Deer Park, Texas, completed the acquisition of Innovative Ventilation Systems, which focuses on providing temporary ventilation services in a variety of environments including shutdowns and turnarounds. Financial terms were not disclosed. "This partnership with Innovative Ventilation Systems, Inc. allows Onpoint to expand upon the most important aspect of our company –– safety. Everything that is required to safely facilitate work in a confined space, Onpoint has the ability to execute. From Safety Attendants to our confined space monitoring system, WatchPoint, and now high-level ventilation services, Onpoint is equipped with the resources to ensure confined space work is completed safely and efficiently," Liz Clark, Onpoint Industrial Services CEO.

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