Incline Equity Partners has acquired AmSpec. Financial terms weren’t announced. Linden, N.J.-based AmSpec provides testing, inspection, and certification services to the oil, gas, and petrochemical industries.
PRESS RELEASE
Incline Equity Partners, a Pittsburgh based lower middle-market private equity firm, announced today the addition of AmSpec to its portfolio.
AmSpec, headquartered in Linden, NJ, is a leading provider of testing, inspection, and certification services to the oil, gas, and petrochemical industries. AmSpec’s extensive staff of highly trained, IFIA approved field inspectors allows AmSpec to provide exceptionally responsive inspection services to its clients. AmSpec also operates numerous state-of-the-art laboratories both domestically and abroad that have the capabilities to perform a wide range of tests, analysis, and services on a multitude of products including crude oil, LPG, LNG, jet fuels, diesels, bunker fuels, biofuels, and petrochemicals.
“AmSpec has an exceptional track record of growth due to the company’s unwavering focus on customer service at every level of the organization,” said Jack Glover, Partner of Incline Equity Partners. Leon Rubinov, Principal of Incline Equity Partners, added, “We are excited to partner with Joe Wright, Matt Corr, and the entire AmSpec management team to support the company’s ongoing success and accelerate its domestic and international expansion initiatives.”
Joe Wright, Chief Executive Officer of AmSpec, said, “Incline Equity Partners is a great strategic partner for us. Their operational focus and resources will help us leverage our capabilities to build a global company while maintaining our world-class capabilities and industry leading service.”
The transaction was led by Glover; Rubinov; Jeffrey Huss, Senior Associate of Incline Equity Partners; Michael Miller, Associate of Incline Equity Partners; and Cale Grove, Associate of Incline Equity Partners.
About Incline Equity Partners
Incline Equity Partners focuses on making private equity investments of $10 million to $25 million in support of leveraged buyouts, recapitalizations, and large minority financings of lower middle market growth companies with enterprise values between $25 million and $100 million across a variety of industry sectors including specialized light manufacturing, value-added distribution, and business and industrial services.
About AmSpec
AmSpec is a leading provider of testing, inspection, and certification services to the oil, gas, and petrochemical industries.
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