Kelvin Group, a platform dedicated to building a group of independent industrial and commercial mechanical services companies in the U.S., completed the acquisition of Advanced Examination Services, a provider of non-destructive testing (NDT) services for the petroleum, chemical and agricultural industries. Deerpath Capital Management provided debt financing to support the transaction.

The acquisition of Advanced Examination Services represents Kelvin’s ninth acquisition since partnering with Southfield Capital, a lower middle-market private equity firm.

“We are excited to welcome the AES team into the Kelvin Group family of brands,” Harry Gray, CEO of Kelvin Group, said. “Their reputation for delivering innovative technical services is a testament to their unparalleled expertise and unwavering commitment to safety and client satisfaction. This partnership presents an exciting opportunity for us to leverage AES’ advanced non-destructive testing solutions, benefiting Kelvin’s refrigeration customers, while concurrently fortifying HCG Associates’ compliance offerings.”

“The integration of AES into Kelvin Group is a testament to our shared values and vision for growth and success,” Adam Shideler, Owner of Advanced Examination Services, said. “This partnership represents an exciting chapter in our journey, one that amplifies our capabilities and resources. Together, we’ll continue our legacy of safety, excellence and quality, forging new paths and fostering collaborative solutions that redefine industry standards.”

“AES is highly complementary to Kelvin, providing new services to Kelvin customers while bolstering our compliance division with the latest technologies,” Chris Grambling, principal at Southfield Capital, said. “We are thrilled to welcome Adam and the AES team to the Kelvin family.”

Finn, Dixon & Herling provided legal counsel to Kelvin and Southfield Capital for this transaction, while G2 Capital Advisors served as the buy-side advisor to Kelvin.