DALLAS--(BUSINESS WIRE)--Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client, Metallurgical Technologies Inc. to Rimkus Consulting Group, Inc. The acquisition closed February 14, 2020 and details were not disclosed.
Metallurgical Technologies, Inc. (Met-Tech), located in Mooresville, North Carolina, is a metallurgical analysis and testing laboratory that specializes in rapid response forensic materials engineering. The company provides failure analysis, corrosion and defect investigations, reverse engineering, SEM/EDS micro-analysis, mechanical and weldment testing, chemical analysis, metallography, consulting, non-destructive testing, and litigation support to a wide range of clients.
Headquartered in Houston, Texas, Rimkus Consulting Group, Inc. (Rimkus) is a worldwide provider of forensic consulting services to insurance companies, law firms, corporations and government agencies. For more than 35 years, the company’s team of engineers, architects, scientists, and technical specialists has been recognized for its commitment to service excellence by local, national and international business communities.
“The joining of Rimkus forensic engineers and Metallurgical Technologies forensic materials testing lab is a natural fit. The synergistic effect of our combination will result in enhanced growth opportunities for both entities as we blend together into the Rimkus team,” said Sam Pendergrass PE, of Met-Tech.
“I’m incredibly proud of the Rimkus team for their hard work to propel our business forward this year, completing three acquisitions to deepen our expertise in construction consulting, mechanical, and electrical engineering consulting and now forensic materials engineering,” said Curtis Brown, Chairman of the Board of Rimkus. “In our 30 years, Rimkus is uniquely positioned to serve our customers like never before.”
“We have great respect for Met-Tech, and their team represents the best in their field,” said Robert Kocher, President and Chief Executive Officer of Rimkus. “Met-Tech will be a terrific complement to our network of consultants.”
Generational Equity Executive Managing Director of M&A – Eastern Region, David Fergusson’s team, led by Managing Director, Mergers & Acquisitions, Genell Boyer and supported by Vice President, Vice President Mergers & Acquisitions, Alex Mironov successfully closed the deal. Executive Managing Director Bill Kushnir established the initial relationship with Met-Tech.
“From the beginning the combination of MTI and Rimkus was meant to be,” said Boyer. “Perfection - having all the required desirable elements, qualities, and characteristics make this transaction as good as it is possible to be for both parties.”
About Generational Equity
Generational Equity, Generational Capital Markets (member FINRA/SIPC), Generational Wealth Advisors, and DealForce are part of the Generational Group, which is headquartered in Dallas and is one of the leading M&A advisory firms in North America.
With over 250 professionals located throughout North America, the companies help business owners release the wealth of their business by providing merger, acquisition, and wealth management services. Their five-step approach features exit planning education, business valuation, value enhancement strategies, M&A transactional services, and wealth management.