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Announced

Completed

OceanSound-backed RMA Group completed the acquisition of C Below.

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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Test Inspection and Certification (TIC)

Acquisition

Domestic

Majority

Private

Friendly

subsurface imaging service

Private Equity

Completed

United States

Single Bidder

Synopsis

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OceanSound-backed RMA Group, a civil engineering firm serving California, completed the acquisition of C Below, a technologically advanced subsurface imaging service provider. Financial terms were not disclosed. “We established C Below in 2009 to address the growing demand for non-destructive testing systems for the location, imaging, and mapping of underground utility assets. After reaching an inflection point in our growth, we sought a partner that could help drive rapid expansion without compromising our values or reputation for high-quality service. Having known Ed Lyon for many years, we are confident we found the right partner,” Dave Menefee, President of C Below.

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