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|NDT.net Issue - 2012-11 - NEWS ||NDT.net Issue: 2012-11|
Publication: e-Journal of Nondestructive Testing (NDT) ISSN 1435-4934 (NDT.net Journal)
PSI announces the acquisition of the Hi-Tech TestingProfessional Service Industries, Oakbrook Terrace, Illinois, USA
Oakbrook Terrace, ILL - Professional Service Industries, Inc. (PSI) is pleased to announce the acquisition of the Hi-Tech Testing family of companies. Hi-Tech Testing is a full-service nondestructive testing, inspection and consulting organization with specialized data collection equipment and reporting capabilities. This acquisition closed and is effective on October 18, 2012.
Founded in 1996, Hi-Tech Testing employs more than 300 personnel and has annual revenue of approximately $55 million. Headquartered in Longview, TX, Hi-Tech has branch operations in Deer Park, TX; Corpus Christi, TX; Vernal, UT; and Seiling, OK. Hi-Tech also has project offices in North Dakota and Ohio. Industries currently served by Hi-Tech are: oil and gas pipeline, petrochemical, pulp & paper, railcar, utility, manufacturing, oilfield service and process.
No management or personnel changes are expected as a result of this acquisition. Jamie Davis will continue as President/CEO of Hi-Tech Testing and will join PSI's Executive Management Team. "Hi-Tech is excited and confident in becoming part of the PSI family and in our ability to work together for continued growth and success," says Hi-Tech President/CEO, Jamie Davis.
Murray Savage, President/CEO of PSI commented, "Hi-Tech vastly expands PSI's current radiography and ultrasonic capabilities as well as enhances PSI's nondestructive testing and inspection services. The combination of our two firms and our joint commitment to safety, quality and ethics fits perfectly into PSI's Information To Build On business model and One Company, One Call service delivery platform."
PSI is a leading independent engineering and testing firm (ENR #57), with ~$260 million in annual revenue. PSI provides a wide range of environmental, engineering and testing services, including: environmental consulting, geotechnical engineering, construction materials testing and engineering, industrial hygiene services, facilities and roof consulting, NDE, and specialty engineering and testing services. Headquartered in Oakbrook Terrace, Ill., a Chicago suburb, PSI operates from ~100 US based offices with more than 2300 employees.
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