IGS Acquires Cleaning and Inspection Solutions Firm Tube Tech

Integrated Global Services, Inc. (IGS) (Richmond, Virginia, USA) a leading provider of thermal spray and other surface protection solutions and portfolio company of investment affiliates of J.F. Lehman & Company (JFLCO), announced that it has acquired international cleaning and inspections solutions provider Tube Tech (Houston, Texas, USA).

With more than 30 years of experience in helping customers evaluate and solve critical surface engineering challenges, IGS says it has the largest global footprint in the sector, delivering proprietary solutions on six continents.

“We could not be more excited to introduce Tube Tech to our global customer base,” says 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.”

Tube Tech leads the market in the research and development of innovative fouling removal technologies. According to IGS, the company’s pioneering research and development program has included the launch to market of the world’s first robotic fouling removal solutions, which are guaranteed to restore assets to design efficiency regardless of fouling.

“We are delighted to be part of IGS,” Jon Camp, managing director of Tube Tech. “There is a vast amount of experience and capability between the two organizations, 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, while ReSolve Corporate Finance served as financial advisor to Tube Tech.

Source: IGS, www.integratedglobal.com.