GenNx360 Capital Partners, a New York City–based private equity firm focused on middle-market industrial and business services companies, has announced an investment in NVI, LLC, a national testing, inspection, certification, and compliance (TICC) platform, in partnership with the company’s management team.
Headquartered in Gray, Louisiana, NVI provides testing, inspection, integrity, and program management services across energy infrastructure, industrial manufacturing, power generation, marine, and data center end markets. The company employs more than 400 technicians nationwide and offers capabilities including conventional and advanced radiography, direct assessment, erosion detection, and weld testing.
The investment follows GenNx360’s three-year proactive sourcing initiative focused on identifying opportunities in the TICC sector. The firm sees significant potential to expand NVI’s platform both organically and through strategic acquisitions, driven by continued demand for inspection, integrity, and compliance services across critical infrastructure markets.
Founded in 2004, NVI has built its reputation on technical expertise, safety, and a commitment to delivering services “Done Right,” supporting the reliability and integrity of mission-critical assets.
Commenting on the investment, Pratik Rajeevan, Principal at GenNx360 Capital Partners, said: “We have been impressed with the business that Josh, Jason, and team have built. NVI is a strong testing, inspection, certification, and compliance (TICC) platform with a broad set of capabilities and an excellent culture rooted in safety and customer service. We are enthusiastic about the partnership with the NVI team and look forward to supporting them in the continued execution of their growth strategy.”
Monty Yort, Managing Partner at GenNx360 Capital Partners, added: “This investment is the result of a 3-year proactive sourcing initiative. We see tremendous opportunity at NVI and look forward to growing the business organically and through acquisitions.”
Josh Luft, President and CEO of NVI, said: “Partnering with GenNx360 is a significant milestone for NVI and our clients. Since our founding, NVI has built a reputation for technical excellence and an unwavering commitment to getting the job ‘Done Right’. GenNx360’s deep knowledge of the TICC space and shared values make them the ideal partner to support our long-term vision and ensure we continue to meet the evolving needs of our customers.”
Jason Caruso, Executive Vice President of NVI, stated: “We are thrilled to partner with GenNx360 in this next phase of accelerated growth. NVI has established itself as a leader in the nondestructive testing market by consistently prioritizing quality and reliability, and we see a significant opportunity to build upon this foundation.”
Advisors on the transaction included Stifel Financial Corp. and Miller, Sullivan & Demarcay for NVI, while Greenberg Traurig and Houlihan Lokey advised GenNx360 Capital Partners.
The investment strengthens GenNx360’s position in the testing, inspection, certification, and compliance sector while providing NVI with strategic backing to accelerate growth and expand its national footprint.
Reference: https://pulse2.com/gennx360-capital-partners-invests-in-ticc-platform-nvi/
