First Reserve Partners with IRISNDT
05.10.19
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The Firm is representing First Reserve in connection with its partnership with management in a majority recapitalization of IRISNDT Inspection & Engineering Services. Financial details of the transaction were not disclosed.
One of the largest independent non-destructive testing (NDT) companies in North America, IRISNDT was founded in 1953 and is a leader in providing advanced NDT testing, inspection, engineering, heat treatment, rope access, and specialized software solutions to the refining, petrochemical, chemical, power generation, pipeline and industrial markets.
The Simpson Thacher team includes: Michael T. Holick, Donovan Westbrook and Loren Shokes (M&A); Alden Millard and Michael Vernace (Banking and Credit); Barrie Covit and Philip Wiseman (Funds); John Creed and Brian Mendick (Tax); Larry Moss, Alisa Tschorke and Nathan Utterback (Employee Benefits and Executive Compensation); Lori Lesser and Alysha Sekhon (Intellectual Property); Michael Isby and Tim Mulvihill (Environmental); Krista McManus (Real Estate); Kelly Karapetyan (Antitrust); and Jeanne Annarumma (ERISA).