JZ Capital buys National Inspection and Consultants

JZ Capital has announced the acquisition of National Inspection and Consultants, LLC (“NIC”). The final purchase price is still to be finalised but is expected to be between $9-10 million. JZCP owns 37.4% of the combined entity on a fully-diluted basis (alongside The Edgewater Funds).

Headquartered in Fort Myers, Florida, NIC provides teams of experienced, certified inspectors, and project managers for assignments primarily in the U.S. nuclear power sector. The Company offers non-destructive testing, quality control inspection, quality programs consulting, technical and professional staffing training, erosion/corrosion monitoring services and employee concerns program consulting.

NIC is the third investment for JZCP’s Industrial Services Solutions’ Speciality Field Services Group. Led by Jim Rogers, a GE veteran who has extensive industry experience, Industrial Services Solutions is generating annual sales and EBITDA in excess of $265 million and $40 million, respectively.

JZCP : JZ Capital buys National Inspection and Consultants