The company is a destructive and nondestructive testing accredited laboratory specializing in structural steel, castings, and piping for compliance with codes and customer specifications in fabrication and welding operations.
The company’s services are performed on shop and field projects of all sizes, and on all types of structural steel, pipelines, compressor stations, pressure pipe, vessels, and related facilities throughout the United States and occasionally around the world.
Key Aspects:
• Experienced management team with vast industry knowledge and over 20 years of experience with the Company
• Highly trained and NDT-level lll certified technicians who have experience in testing and inspections in various industries
• Quality control processes guaranteeing best in-class services, which differentiate the Company from its competitors
• The Company offers staff training opportunities through quality in house instructors and documented training hours
Opportunities:
• Opportunity to expand and boost top and bottom lines through the increasing demand of computerized and radiography markets
• Capitalize on current trained and highly skilled human capital to take on increasing demand
• Invest on equipment and emerging technology to attract new clientele and expand portfolio
• Establishing a new physical laboratory to increase testing capabilities
Headquartered:
• Midwest United States
Current Markets:
• The company currently serves the construction, industrial processes, manufacturing, energy, and transportation industries across the United States.
Real Estate:
• The company operates from two facilities totaling 12,500 sq. ft. leased from an affiliated entity owned by the company’s shareholders. There is room to grow in the current location, which is about 70% occupied. The owners would entertain selling the property or entering into a long-term lease.
Shareholder Objectives:
• The company has two majority shareholders and three minority shareholders. One of the majority owners is open to staying with the company for up to three years to ensure a smooth transition, while the second majority owner would be open to staying for a transition period if needed. The remaining shareholders are open to continuing with the company after a sale.
