TÜV Rheinland acquires Unified Testing Services, Inc
Scott-Macon’s Industrial & Automotive Group acts as exclusive financial advisor to TÜV Rheinland of North America.August 2010
TÜV Rheinland announces the acquisition of Unified Testing Services, Inc. (UTS). The acquisition folds a variety of new services into TÜV Rheinland’s portfolio and makes UTS a standalone member of TUV Rheinland of North America Group. Scott-Macon’s Industrial & Automotive Group acted as exclusive financial advisor to TUV Rheinland of North America, Inc. in this transaction.
UTS is a full-service testing and consulting engineering firm based in Woodstock, Ala. Founded in 1993, they offer 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.
About TÜV Rheinland
As a world leader in independent testing and certification services, TÜV Rheinland provides support in Germany, Europe, and abroad from development to market approval. As a holistic service provider, the organization checks and certifies the safety, performance, and quality of technical equipment, capital goods, durable goods, and consumer goods.
About Scott Macon’s Industrial & Automotive Group and M&A Services
The industrial and automotive industry group includes professionals with over 25 years of experience in providing industrial and automotive merger and acquisition, financing, valuation and strategic advisory services to a global client base. Clients have included both domestic and foreign companies involved in virtually all segments of the automotive and industrial manufacturing industry, including process control equipment manufacturers, automotive Tier I and Tier II suppliers, defense and aerospace manufacturers, and many more.
Scott-Macon professionals have extensive experience, both domestic and international, in advising clients on the purchase or sale of companies, subsidiaries or business units in a broad range of industries. The firm and its professionals have successfully executed transactions for large publicly traded companies, private equity firms, and closely-held or family businesses.