AmSpec Services

Silvergrove represented AmSpec and its owners Joe Wright and Matt Corr in a process which resulted in a successful transaction with Incline Equity Partners in 2013. Subsequently, the company continued to achieve exemplary growth in its revenue and EBITDA. The partnership with Incline capitalized the company to significantly upgrade its existing laboratories and expand its footprint to include multiple new strategically located laboratories throughout the United States, Canada, Central and South America, and Singapore. The rapid expansion resulted in a significant “network effect”, allowing the company to both grow its customer base of petroleum producers, refiners and trading companies and increase its share of wallet for existing customers by capturing the inspection and testing revenue opportunity for petroleum cargoes at the ports of both origin and destination. Following a three year partnership, Incline and the company’s management shareholders elected to engage in a sale process which resulted in multiple offers and ultimately a transaction with Olympus Partners, a large capitalization buyout fund based in Connecticut. Silvergrove was engaged to represent Joe Wright, Matt Corr and the other management shareholders in this highly successful process and transaction which resulted in a very significant second liquidity event, meaningful continuing ownership, and an opportunity for a third liquidity event. The transaction with Olympus also capitalized the company to execute on its next phase of international growth and expansion.

« Return to Recent Transactions