Desert NDT, a portfolio company of Sterling Partners, has acquired T&K Inspection, a provider of industrial X-ray services. Jerry Thompson and Ken Kain, co-owners of T&K Inspection will continue to oversee operations of the company.
T&K Inspection provides industrial X-ray services to customers in North Dakota and Montana. The company is based in Williston, ND (no website found).
“T&K Inspection offers the most experienced and longest established nondestructive testing services team in the Bakken Shale region,” said Larry Ames, CEO of Desert NDT. “Desert’s partnership with this company represents yet another important step toward providing market-leading service to our clients in all of the United States’ major oil and gas production basins.”
Desert NDT’s non-destructive testing services span the entire life cycle of oil and gas assets, from initial installation through ongoing integrity program management. Desert serves customers primarily in the Southwest and offers ultrasonic testing, digital X-Ray and integrity management services in addition to traditional X-Ray testing. Desert NDT was founded in 1989 and is based in Odessa, TX (www.desertndt.com).
Alan Macksey, a Sterling Partners managing director, noted sharply rising oil and natural gas production in the Bakken Shale region has boosted demand for reliable nondestructive testing services for pipelines and midstream infrastructure. “Desert NDT’s acquisition of T&K Inspection mirrors the strategy behind our initial investment in the business,” he said. “Desert NDT is an emerging leader in midstream inspection and integrity services and we will continue to aggressively pursue growth opportunities that bring expanded service capabilities to the company’s clients.”
Sterling Partners invests growth capital in industries with positive, long-term trends and provides ongoing support to management through a dedicated team of industry veterans, operators, strategy experts and human capital professionals. Sectors of interest include education, healthcare and business services. The firm was founded in 1983 and has offices in Chicago, Baltimore, and Miami (www.sterlingpartners.com).
© 2013 PEPD • Private Equity’s Leading News Magazine • 2-6-13
