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Announced

Completed

Southfield Capital-backed Kelvin Group completed the acquisition of Advanced Examination Services.

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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non-destructive testing

Domestic

Private

Private Equity

United States

Machinery: Industrial

Single Bidder

Acquisition

Majority

Completed

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Synopsis

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Southfield Capital-backed Kelvin Group, an industrial and commercial mission-critical mechanical services company, completed the acquisition of Advanced Examination Services, , a provider of non-destructive testing services for the petroleum, chemical and agricultural industries. Financial terms were not disclosed. "We are excited to welcome the AES team into the Kelvin Group family of brands. Their reputation for delivering innovative technical services is a testament to their unparalleled expertise and unwavering commitment to safety and client satisfaction. This partnership presents an exciting opportunity for us to leverage AES's advanced non-destructive testing solutions, benefiting Kelvin's refrigeration customers, while concurrently fortifying HCG Associates' compliance offerings," Harry Gray, Kelvin Group CEO.

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