Track Record
of Success

Stormont Energy Advisors Corp. is pleased to announce the following successful transaction in the Non-Destructive Testing market segment.

In November, 2019 all of the outstanding shares of TESTCO Western Ltd. were acquired by Strike Group, a portfolio company of private equity fund, TriWest Capital Partners.
 
TESTCO is dominant middle-market player in the pipeline hydrostatic testing market in Western Canada.
 
Stormont acted as the exclusive financial advisor to the seller and its shareholders,
performing the following:
 

• Identified suitable target buyers
• Managed a competitive process with multiple counter-parties
• Negotiated commercial terms
• Managed due diligence
• Closed the sale of the company

  
This transaction provided the selling shareholders with a liquidity event as well as a
financial partner to support the company’s future growth plans.