Industrial Service Solutions and Wynnchurch Capital, L.P. (“Wynnchurch”) announced the sale of its inspection services segment (“ISS Inspection Services”) to Element Materials Technology (“Element”), a global provider of testing, inspection, and certification services for highly regulated end markets.
ISS Inspection Services is comprised of four customer-facing brands: NIC Inspection Services, PTI Industries (both accredited by the Federal Aviation Administration), PRO Inspection Services, and CTS Inspection Services. Together, these entities serve almost 1,000 customers operating in the aerospace, space, defense, and energy industries and provide advanced capabilities in NDT, inspection, and special process services such as precision cleaning and coatings. The company’s team of around 300 highly skilled employees work from one of its five facilities in the U.S., or directly at customers’ sites.
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.”