Alantra advises Industrial Service Solutions on the sale of its Inspection Services segment to Element Materials Technology

Oct 2024

Sell-side Advisory

New York – Alantra has acted as co-advisor to Industrial Service Solutions, a portfolio company of Wynnchurch Capital, on the sale of its Inspection Services segment to Element Materials Technology.

Founded in 2011 and headquartered in Houston, Texas, ISS provides MRO-focused field, shop, and supply services for a diverse set of industrial markets. The Company’s regional shops are fully equipped to repair, overhaul, and maintain all process and rotating equipment types, brands, and applications. ISS also provides design, manufacturing, and nationwide field services with in-house engineering support.

Founded in 1999, Wynnchurch Capital is a leading middle-market private equity investment firm. Wynnchurch’s strategy is to partner with middle market companies in the United States and Canada that possess the potential for substantial growth and profit improvement. Wynnchurch manages a number of private equity funds with $9.2 billion of regulatory assets under management and specializes in recapitalizations, growth capital, management buyouts, corporate carve-outs, and restructurings.

The Element Materials Technology Group is one of the world’s leading global providers of testing, inspection, and certification services for a diverse range of products, materials, and technologies in advanced industrial supply chains where failure in use is not an option.

Wade Stockstill, CEO of ISS, said, “With the sale of ISS Inspection Services, we are excited to focus our growth efforts and investment in ISS’s core rotating equipment business. We would like to thank the ISS Inspection Services team for their commitment to quality and customer service. We wish them the best on their new partnership with Element.”

David Waldstein, Managing Director at Alantra commented, “We’re proud to have helped to facilitate the partnership between ISS Inspection Services and Element. The acquisition represents a natural fit for Element and will expand its aftermarket non-destructive testing capabilities for the A&D sector.” 

Wade Aust, Managing Director and Partner at Alantra added, “We are pleased to have been able to leverage our knowledge of the marketplace to support Wynnchurch and ISS in finding the ideal solution for Inspection Services.”

This transaction further reinforces Alantra’s continued momentum in the Industrials sector, where the team has recently advised on a variety of deals such as the sale of EthosEnergy, formerly owned by John Wood Group PLC and Siemens Energy AG, to One Equity Partners, or the Quexco Incorporated’s acquisition of Mutlu Akü from the Metair Group.