Acquisition of NDT Global

Industrial
Acquisition of NDT Global

Summary

Baird served as exclusive financial advisor to Eddyfi/NDT on this transaction

About

Eddyfi/NDT, through a strategic partnership and equity financing from CDP Investissements Inc., a wholly owned subsidiary of Caisse de dépôt et placement du Québec (“CDPQ”), and Novacap, has acquired NDT Global (the “Company”). Terms of the transaction were not disclosed.

Eddyfi/NDT is a fast-growing, innovative private Test & Measurement (T&M) technology group focused on Non-Destructive Testing (“NDT”). Through two divisions, Advanced Non-Destructive Testing (NDT) Equipment and Advanced Application-Specific Integrated Inspection, Eddyfi/NDT caters to asset owners, large engineering firms and service companies globally in markets such as Aerospace, Energy, Mining, Power Generation or Transportation. Eddyfi/NDT employs over 1,000 people throughout 20 offices worldwide and serves clients in more than 110 countries. Eddyfi/NDT is headquartered in Québec, Canada.

CDPQ is a long-term institutional investor that manages funds primarily for public and parapublic pension and insurance plans. As of June 30, 2019, it held C$326.7 billion in net assets. As one of Canada’s leading institutional fund managers, CDPQ invests globally in major financial markets, private equity, infrastructure, real estate and private debt. CDPQ was founded in 1965 and is headquartered in Québec City, Canada.

Novacap is a leading Canadian private equity firm with CA$3.6 billion of assets under management. Novacap’s distinct investment approach, based on deep operational expertise and an active partnership with entrepreneurs, has helped accelerate growth and create long-term value for Novacap’s numerous portfolio companies. Backed by leading global institutional investors, Novacap's deals typically include leveraged buyouts, management buyouts, add-on acquisitions, IPOs and privatizations. Over the last 39 years, Novacap has invested in more than 90 companies and completed more than 130 add-on acquisitions. Novacap was founded in 1981 and has offices in Toronto, Ontario and Brossard, Québec.

NDT Global is a leading supplier of ultrasonic pipeline inspection and data analysis. The Company’s state-of-the-art inspection fleet provides the entire inline inspection service (“ILI”) spectrum for onshore and offshore pipelines worldwide. NDT Global's full range of services includes geometry and deformation inspection, metal loss and crack inspection, defect assessment and fitness for purpose investigations. The Company has offices in Australia, Canada, Germany, Ireland, Mexico, Spain, UAE, UK and USA. NDT Global was founded in 2000 and is headquartered in Dublin, Ireland.
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Industrial
Acquisition of NDT Global
Date
February 2020
Company
Eddyfi/NDT
Transaction
M&A
Sectors
Industrial
Target Location
Europe
Acquiror Location
North America

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