NSCP invests in Premium Testing and Inspection
CLEVELAND, OH – Ninth Street Capital Partners, a Cleveland-based private investment firm, has acquired a minority stake in Premium Testing and Inspection, a premier provider of non-destructive testing and inspection services to midstream oil and gas companies as well as customers in the industrial, nuclear, civil infrastructure and defense industries. Terms were not disclosed.
Premium is Ninth Street’s second nondestructive testing services investment. Headquartered in Houston, Texas, Premium has a 30-year operating history. The Company inspects pipeline systems and related midstream oil and gas components as well as critical industrial systems and equipment and high-tolerance manufactured components. With a focus on quality and service, Ninth Street will look to continue to build Premium into a diversified testing & inspection platform throughout the United States.
About Ninth Street Capital Partners
Ninth Street Capital Partners is an investment firm located near Cleveland, Ohio. It was founded in 2009 and makes lead investments in smaller middle market companies across a diverse range of industries. Ninth Street takes a hands-on operational approach, investing in growing niche-leading companies with revenues of $5 million to $50 million and EBITDA of $2 million to $10 million. More information on Ninth Street may be found at its website, www.ninthstreetcapital.com.