Overview

Premium Inspection & Testing is a leading independent nondestructive testing (NDT) and inspection services platform. Through its two operating divisions, Premium provides critical inspection, quality control, safety, and asset integrity services to customers across a diverse range of industries, including petrochemical, refining, power generation, midstream O&G, agriculture, food processing, and manufacturing.

 

Industry: Industrial Services

Investment Thesis

Calvert Street has partnered with leading industry executives to build a high growth industrial nondestructive testing and inspection service platform with superior service, quality, safety, and technical capabilities.  Serving a diverse range of end-markets, geographies and industries, Premium currently consists of two operating divisions (Capitol Ultrasonics, Quad City Testing Laboratory). 

Industry Expert

Mr. Jim Treat, an accomplished nondestructive testing and inspection industry veteran, began partnering with Calvert Street in 2010 on another Calvert Street portfolio company (IOS).  Mr. Treat has worked with Calvert Street to assess the competitive landscape, identify acquisition targets, assist in negotiations, and provide strategic insight to Premium.  In addition, Mr. Treat serves as Chairman of Premium’s Board of Directors and has been instrumental in developing Premium’s culture of operational excellence and its strategic vision.

 

Value Creation Milestones