TUVRheinland acquires Unified Testing Services
Founded in 1993, the privately-based UTS generates $8 million in annual revenues and has 70 employees. UTS offers a wide variety of testing and inspection services focused on materials, construction, transportation, facilities and environmental engineering. Overall, services include: environmental consulting and testing, destructive and nondestructive materials testing, and shop fabrication inspection of structural steel bridges.
Acquiring Unified Testing Services will extend our capabilities to include a broad spectrum of new industries, allowing TÜVRheinland to deliver a more comprehensive portfolio of services to our clients throughout the U.S., Canada and Mexico, said Stephan Schmitt, President and CEO of TUV Rheinland of North America.
UTS features five service groups that will become part of TUVRheinlands wide range of testing, inspection and certification services for global clients. These groups include:
After 15 exciting years of business, UTS is now facing its greatest opportunity, said Donald Uptain, President of Unified Testing Services. By merging with TÜVRheinland, our markets have expanded well beyond the southeastern U.S. I am most excited for our dedicated employees. With this merger, their horizons have greatly expanded and their opportunities for professional growth are unlimited.
Generally, the markets UTS serves are: state departments of transportation, universities, banking and real estate institutions, paper and steel mills, steel fabrication shops, amusement/theme parks, and state and local government agencies.
Scott-Macon, Ltd. of New York City assisted TÜVRheinland with the acquisition. Scott-Macon is one of the countrys oldest independent investment banks with extensive transaction experience with a broad range of companies and transaction sizes in mergers and acquisitions.
TÜVRheinland is the world leader in independent testing and assessment services. The $1.5 billion-corporation is comprised of an international network of more than 11,000 employees at over 340 locations in 60 countries and serves most industry sectors and markets worldwide. TÜVRheinland is a member of the Global Compact of the United Nations, a global network of companies and interest groups involved in the worlds largest voluntary corporate social responsibility initiative.
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