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New Deal


Announced

Completed

HMT completed the acquisition of Weld Spec.

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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Acquisition

Cross Border

industrial engineering

Private

Completed

Majority

industrial

United States

Diversified Industrials

Friendly

Single Bidder

Synopsis

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HMT, an above-ground storage tanks solutions provider, completed the acquisition of Weld Spec, a company which provides inspection services to pipeline, refining, petrochemical, wind energy, manufacturing and other industries. Financial terms were not disclosed. "We are very excited to be joining the HMT team. The secret to our success has been our employees, so we are thrilled that the HMT culture mirrors ours and that our people will continue to benefit and thrive. We also look forward to being able to provide a full-service approach to our customers with inspection and repair services," Rick Hardy, Weld Spec CEO.

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