NDT Global, a leading provider of advanced diagnostic inspection and integrity solutions for the energy sector, today announced the strategic acquisition of Entegra, a premium technology company specializing in Ultra-High-Resolution Magnetic Flux Leakage (UHR MFL) in-line inspection services. This union brings together two market-leading technology providers to significantly expand NDT Global’s service portfolio and solidify its position as a global technology authority in pipeline in-line inspection.
The combination of NDT Global’s ultrasonic testing (UT) and Acoustic Resonance (ART) platforms with Entegra’s UHR MFL expertise creates a unique and comprehensive suite of solutions for pipeline operators. This integration is designed to enable safer, more cost-effective pipeline operations by providing customers with the data-driven insights needed to make smarter, faster decisions for their assets. The newly formed entity will offer a broader, more integrated set of solutions, strengthening its growing position in the gas pipeline market.
“This is a pivotal moment for NDT Global,” said Martin Thériault, CEO and Chairman of NDT Global. “Entegra’s entrepreneurial spirit, technical leadership and excellence, and deep market knowledge make them an ideal fit for our joint vision going forward. The company will work on accelerating the development of next-generation inspection technologies and, in return, deliver an even greater value to customers through enhanced service offerings and global reach."
Paul Cooper, President of NDT Global, highlighted the immediate benefits: “The addition of Entegra’s market-leading capabilities to our portfolio allows us to offer a broader, more integrated suite of solutions to our clients. It also helps us to better serve the growing needs of the gas pipeline sector, where Entegra has built a strong reputation for innovation and reliability. All in all, the merged entities will accelerate our joint growth journey based on technology and innovation. It’s a bold step forward in our mission to deepen partnerships and lead the industry with innovation that protects what matters most.”
Mark Olson, Chairman and CEO of Entegra, expressed his enthusiasm for the merger. “I can’t thank Amberjack Capital enough for their direction and support the past 10 years, and I’m really excited about what we’re going to achieve in the next phase of our growth story as we bring together the two best brands in in-line-inspection,” Olson said. “Our purpose, our ‘Why’ if you will, is to make better every pipeline with which we interact, and this deal accelerates that quest by several years.”
The combined entity will benefit from an expanded international reach and the ability to deliver joint UT and MFL scopes, axial and now circumferential, to clients. This move supports the long-term vision of becoming the most trusted partner in pipeline integrity management. The transaction was made possible through the continued support of Novacap, La Caisse, and the founders and executives of both NDT Global and Entegra, who will remain shareholders of the combined company.
"We are thrilled to unite two leading innovators in the ILI industry, combining world-class technology platforms and talented teams. This partnership enhances NDT’s ability to serve customers and uphold the integrity of critical infrastructure globally. We are proud to continue our partnership with Martin, Paul and the NDT team, and we warmly welcome Mark and the entire Entegra family as we work together to build a stronger, more impactful business together,” added David Lewin, Lead Senior Partner at Novacap.
Kim Thomassin, Executive Vice-President and Head of Québec at La Caisse, also commented: “NDT Global has distinguished itself through its ability to innovate and develop state-of-the-art solutions, becoming a global reference in the integrity and inspection services industry. With this investment, La Caisse is strengthening NDT Global's ambitious growth strategy through both equity and debt financing — building on our recent support to unlock the company’s full potential.”
Jason Turowsky, Managing Partner of Amberjack Capital Partners, concluded, “Amberjack is proud to have supported Entegra's exceptional growth, driven by its talented team and commitment to innovation. We are confident the combination with NDT Global will propel further advancements in pipeline integrity solutions, benefiting clients globally. We congratulate Mark and the Entegra team and look forward to their continued success.”
Reference: https://www.ndt-global.com/resources/news/ndt-global-announces-strategic-addition-of-entegra/
