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Grey Mountain-backed Bolttech Mannings buys AM Inspection

AM Inspection Ltd, a Cabri, Saskatchewan-based company specializing in industrial non-destructive testing services, has been acquired by Bolttech Mannings Acquisition Corp. The financial terms of the transaction were not disclosed. Bolttech Mannings, a provider of industrial bolting and thermal technologies to energy and power industries, said the deal builds on its 2013 merger with Red Flame Industries Inc of Red Deer, Alberta, and expands its footprint in Canada. Based in North Versailles, Pennsylvania, Bolttech Mannings was bought by U.S. private equity firm Grey Mountain Partners in 2009.

PRESS RELEASE

Bolttech Mannings Acquisition Corporation Acquires AM Inspection Ltd.

August 04, 2014

PITTSBURGH–(BUSINESS WIRE)–Bolttech Mannings Acquisition Corporation announced it is adding to its portfolio of industrial service companies by agreeing to acquire Saskatchewan based AM Inspection Ltd. (AMI), an industrial non-destructive testing services company.

“We’re extremely excited to have AM Inspection join our organization. AMI significantly expands our footprint in Canada while also adding to our growing portfolio of industrial services”

The strategic acquisition of AM Inspection builds upon Bolttech Mannings 2013 merger with Alberta based Red Flame Industries, a recognized leader in hot tapping services whose other offerings include bolting, tensioning, machining and thermal services. “We’re extremely excited to have AM Inspection join our organization. AMI significantly expands our footprint in Canada while also adding to our growing portfolio of industrial services,” says Ed Komoski, CEO of Bolttech Mannings.

AM Inspection was formed in 1985 and has enjoyed tremendous growth serving the oil and gas, mining and manufacturing industries throughout Western Canada. They are experts in the techniques and procedures used for non-destructive testing, including radiographic, ultrasonic, liquid penetrant and mag particle inspection. Michael Korven, founder of AM Inspection, has agreed to stay on through a transitional period after which he will remain involved with the business as a consultant.

About Bolttech Mannings Acquisition Corporation
Bolttech Mannings Acquisition Corporation – is a holding company of industrial service companies that deliver quality products and first-rate services to the oil and gas refining, chemical processing, power generation, steel and mining industries. Please visit www.bolttechmannings.com or www.redflameindustries.com to learn more.

About AM Inspection LTD.
AM Inspection Ltd. is a company specializing in the field of industrial non-destructive radiographic testing in Canada and the United States providing petroleum, maintenance, and manufacturing industries with dedicated professional service.

Contacts
Bolttech Mannings, Inc.
Mark Miller, Director of Marketing, 724-872-4873 x656

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