Graycliff Partners, a NYC-based investment firm, acquired XCEL NDT, a US provider of non-destructive testing services for critical infrastructure assets in the petrochemical, pipeline and general industrial industries.
The amount of the deal was not disclosed.
With the acquisition, Graycliff Partners will expand its offerings.
XCEL provides testing and inspection services that evaluate the integrity of critical infrastructure using non-invasive methods with little or no production downtime. Operating out of 17 facilities across the U.S., the company’s expansive team of experienced technicians utilize an array of conventional and advanced equipment to detect structural issues like corrosion and cracking, as well as material composition and grade. These services are critical to ensure infrastructure is functioning reliably and safely, and to help customers maintain compliance with stringent regulatory and insurance requirements.
Graycliff Partners is an investment firm focused on making lower middle market investments, typically in manufacturing, business services and value-added distribution businesses. Through dedicated equity and credit funds, it provides capital for acquisitions, management buyouts, recapitalizations, growth and expansion.
FinSMEs
31/10/2023