Did you know that ~80% of TICC businesses consider the energy transition as one of their core growth drivers? This week, we analyzed ~75 players in the US TICC market and collected valuable insights on how businesses pursue M&A strategies to enhance operating leverage and value creation, how smaller incumbents differentiate through specialization amidst global generalists and the growth avenues arising from adjacent services and digitalized offerings.
PE-led interest has been limited, with ~25% of identified assets being sponsor-backed. Herein, investors are attracted by TICC outsourcing tailwinds, rising awareness regarding product quality and safety, potential consolidation opportunities and operational efficiency improvements through technology adoption. On the other hand, intensifying competition from industrials and tech firms, the strong presence of acquisitive giants, ongoing personnel shortages and tightening trade regulations serve as detractors for investors. American Securities, Atar Capital, Aterian Investment Partners, BDT & MSD Partners, Berkshire Partners, Bernhard Capital Partners, Columbia River Partners, GI Partners, Imperial Capital, LLC, Incline Equity Partners, Levine Leichtman Capital Partners, LLC, Oaktree Capital Management, L.P., Olympus Partners Sentinel Capital Partners, Sofina, TPG and Warburg Pincus LLC, amongst others, are currently invested in the US TICC market.
Interested? Read our full report: https://lnkd.in/eKZcSmSF
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