AmSpec is a leading provider of testing, inspection and certification services to the oil, gas and petrochemical industries. The company determines the quality and quantity of products for all the major refiners and oil traders. Along with its onsite services, AmSpec operates numerous state-of-the-art laboratories where they perform a wide range of tests and analysis.
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How We Partnered
To become one of the top inspection companies, AmSpec needed more locations. That required more capital. Initially they contemplated doing an equity or debt raise—which is how they popped up on our radar. Incline helped AmSpec build out a management team that was no longer going to manage a $65 million business—but a $200+ million business. With Incline and AmSpec working together, the company’s growth has been remarkable. AmSpec now has 20 domestic locations—spanning from Boston to Chicago to Houston to San Francisco. AmSpec has also established an international presence—with locations in the Bahamas, the Caribbean, Central and South America (all the way down into Venezuela), Singapore, and New Zealand.
Incline has been supportive. They’ve been straightforward. Everything we’ve asked for, they’ve given us. There was no BS and they lived up to what they said. It’s been a great partnership.Matt Corr, Chief Executive Officer, AmSpec Services