Integrated Global Services Inc. acquires Tube Tech
Published by Callum O'Reilly,
Integrated Global Services Inc. (IGS), a portfolio company of investment affiliates of J.F. Lehman & Co. (JFLCO), has acquired international cleaning and inspections solutions provider, Tube Tech.
Tube Tech’s research and development programme has included the launch to market of the world’s first robotic fouling removal solutions guaranteed to restore assets to design efficiency regardless of fouling.
“We could not be more excited to introduce Tube Tech to our global customer base,” said Rich Crawford, President and CEO of IGS. “This transaction significantly expands IGS’ portfolio of specialty services and enables us to directly address both fouling protection and maintenance to enable world-class asset performance for our clients. Our acquisition of Tube Tech represents another step in IGS’ mission to be the most valued provider of engineered surface solutions in the world for mission-critical equipment.”
“We are delighted to be part of IGS,” said Tube Tech’s Managing Director Jon Camp. “There is a vast amount of experience and capability between the two organisations, with aligned values and a shared mission to innovate and transform. This acquisition enables a sharing of people, products and services that will offer capability levels unique to the industry. The benefits and returns on investment for our customers are significant, from increased asset uptime and shorter turnarounds to enhanced reliability and seamless access to the most innovative and effective solutions on the market.”
Jones Day served as legal advisor to IGS and JFLCO. ReSolve Corporate Finance served as financial advisor to Tube Tech.
Read the article online at: https://www.hydrocarbonengineering.com/refining/21022022/integrated-global-services-inc-acquires-tube-tech/
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