Clearview Capital Buys All Tech Inspection

Clearview Capital has acquired All Tech Inspection, a Corpus Christie, Texas-based provider of mechanical integrity inspection and non-destructive testing services. No financial terms were disclosed.

 

PRESS RELEASE

Clearview Capital, LLC of Old Greenwich, CT has completed the acquisition of All Tech Inspection, a leading provider of mechanical integrity inspection and non-destructive testing services for industrial facilities, including refineries, petrochemical and chemical processing facilities and midstream natural gas processing plants.  All Tech is headquartered in Corpus Christi, TX with additional offices in Baytown, TX, Sulphur, LA and Memphis, TN.

 

The current management of All Tech will retain day-to-day management control and have operational autonomy while maintaining a substantial equity stake in the recapitalized entity.

All Tech provides highly trained and certified inspectors to examine and evaluate piping, pressure vessels, and storage tanks at its customers’ facilities as part of their process safety management and general maintenance programs.  All Tech has established a strong presence in the US Gulf Coast region, which is home to over half of the nation’s refining capacity.

 

“All Tech’s reputation for responsiveness and highly qualified inspection personnel has led to rapid growth with customers who are focusing on process safety and compliance in an increasingly tough regulatory environment,” said William F. Case, Jr., partner of Clearview Capital. “We think All Tech can continue to grow rapidly, both organically and through acquisitions which we intend to pursue aggressively.”

 

“We are very excited to have Clearview as a partner to help us achieve the goals we have set for All Tech,” said CEO Gary Heath.  “Clearview shares our philosophy and provides strong capital backing and resources that will allow us to enhance our service offering for existing customers and pursue opportunities to grow in new markets.”

 

“All Tech was Clearview’s second acquisition during October,” said James G. Andersen, co-managing partner of Clearview. “While the financing markets are difficult, we believe there are still excellent opportunities to invest in quality companies, such as All Tech, that will prosper even in tough economic times.”

 

Clearview’s other holdings include Hettinger Welding, LLC, a leading provider of pipeline and facilities construction and maintenance services for customers building natural gas infrastructure; Rowmark, Inc., a manufacturer and marketer of specialty plastic sheet and related products for the awards/recognition, engraving and signage markets;  Air Cooled Exchangers, LLC, a manufacturer of air cooled exchangers used in natural gas compression applications, Twinco Romax, a vertically integrated manufacturer and distributor of automotive fluids sold through retail channels; Senior Care Centers of America, an operator of adult day care centers; M.H. Zeigler & Sons, the country’s leading manufacturer of refrigerated apple cider; Hillsdale Furniture, a designer and importer of wood and metal furniture; and a minority interest in Compression Polymers Group, the leading extruder of thick gauge polyolefin and PVC sheet, including AZEK® brand trim boards.

 

###

 

About Clearview Capital

Clearview Capital, LLC is a private investment firm based in Old Greenwich, CT that invests in and develops mid-sized, North American companies in partnership with management. Clearview invests exclusively alongside management in manufacturing and service companies that have dominant market positions and strong prospects for growth. The firm’s principals have a long history of assisting strong management teams in the execution of their growth strategies.

 

For more information, please visit www.clearviewcap.com