Sentinel Capital Partners, a private equity firm that invests in promising midmarket companies, today announced its acquisition of SPL, a leader in testing, inspection, and certification (“TIC”) services for energy and environmental markets. Terms of the deal were not disclosed.
“SPL’s advanced capabilities, deep expertise, best-in-class technology, and long-term relationships make the company a trusted partner to a diverse network of energy-related asset owners, operators, and customers,” said Scott Perry, partner at Sentinel. “SPL’s senior leadership team, with nearly 200 years of combined experience, has driven an impressive organic growth plan, including completion of five acquisitions since 2017.”
Sentinel has significant investment experience with business services, including those in the TIC energy and environmental services space. Previous investments include Apex (environmental services specializing in water resources and industrial hygiene), Trinity (air quality consulting and compliance services in the U.S.), Precision Pipeline Solutions (specialty technical services to natural gas and electric utilities), and Engineered Controls International (specialized pressure regulators, valves, and control equipment for liquified and compressed gasses).
Read more: PR Newswire
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