Platte River Exits Global X-Ray & Testing Investment
October 04, 2013
Platte River Equity has sold Global X-Ray & Testing to Intertek Group (LSE: ITRK) for a reported $72 million. Global X-Ray offers non-destructive testing and mechanical integrity services to the offshore oil & gas and midstream industries. Platte River completed a majority recapitalization of the company in 2010 and helped expand its geographic footprint and customer base before its sale to Intertek.