Industrial Capital Strategies has announced the sale of UT Quality Inc. to RAE Energy of London, UK.
UT Quality develops and manufactures specialised pipeline inspection solutions including automated ultrasonic testing, phased-array and time of flight diffraction technologies that is utilised for weld inspection for pipeline construction projects. UT Quality employs over 150 full-time employees, including approximately 80 technicians.
Enhancing opportunity
RAE Energy provides a unique opportunity to enhance the UT Quality business through global scalability, strong industry knowledge and leadership, strategic financial investments, and the ability to capitalise on market opportunities.
Adrian Met, Chairman of UT Quality, said "We are looking forward to future growth of UT Quality. RAE Energy's global leadership and industry knowledge will drive new innovations and marketing to support the business. We will continue to deliver unsurpassed customer service and leading technology to our customers.黑料社�
Phillip Bradney, Executive Director at RAE Capital, said, 黑料社淲e are excited to have UT Quality become a part of the RAE Energy team. We believe that UT Quality has built a leading brand in the Oil & Gas services industry through innovation and quality service. We will continue to build on UT Quality黑料社檚 position in the market and its reputation for having the best technology and employees.黑料社�
Innovative pipeline inspection technologies
黑料社淲e are pleased to team UT Quality with RAE Energy, a quality acquirer that has the global reach and management capabilities to capitalise on its innovative technologies in the pipeline weld inspection market,黑料社� said Chris Weyers, Managing Director of Industrial Capital Strategies, who, acting in the capacity of a registered agent of M&A Securities Group, Inc., served as the UT Quality黑料社檚 exclusive financial advisor.
Adapted from press release by