Latest acquisition enables leading TIC services provider to further expand its Å·ÃÀÊìÅ®ÂÒÂ× in the fast-growing aerospace, space, defense, and energy industries.
Å·ÃÀÊìÅ®ÂÒÂ× (Element), a global leader in testing, inspection, and certification (TIC) services for highly regulated end markets, has acquired ISS Inspection Services, a leading provider of non-destructive testing (NDT), inspection, and other special process services supporting the aerospace, space, energy and defense industries.
Previously part of Industrial Service Solutions, ISS Inspection Services is comprised of four customer-facing brands: NIC Inspection Services, PTI Industries (both accredited by the
Federal Aviation Administration), PRO Inspection Services and CTS Inspection Services.
Together, these entities serve almost 1,000 customers operating in the aerospace, space, defense, and energy industries and provide advanced Å·ÃÀÊìÅ®ÂÒÂ× in NDT, inspection, and special process services such as precision cleaning and coatings. The company’s team of around 300 highly skilled employees work from one of its five facilities in the U.S., or directly at customers’ sites.
Through this acquisition, Element will be able to offer its customers more touch points in the fast-growing NDT ecosystem, particularly in the after-market (AM) and maintenance, repair, and overhaul (MRO) subsectors, as well as new services through ISS Inspection Services’ special process services offering.
Jo Wetz, CEO of Element, commented on the acquisition: “ISS Inspection Services is a fantastic business with a loyal customer base. This acquisition is fully aligned with our growth strategy of increasing scale, reach, and expertise in targeted end markets such as aerospace, energy and defense where our customers see us as their partner of choice.”
Bob Vigne, CEO of ISS Inspection Services, added: “By joining forces with Element, we can tap into huge opportunities for our employees and customers alike. We wholeheartedly believe that by combining our strengths, we are well positioned to deliver an unparalleled range of safety-critical services to our customers.”
The acquisition of ISS Inspection Services builds on other recent investments by Element in the U.S. including its acquisition of NTS in September 2022.
Wetz added: “We continue to see significant growth opportunities in the U.S. which now represents over 60% of our global operations.”
Element was advised on the deal by Faegre Drinker Biddle & Reath LLP, A&O Shearman, and Skadden; and Industrial Services Solutions was advised by Houlihan Lokey, Alantra, and Vedder Price.