Trending...
- Chicago: Mayor Brandon Johnson Welcomes Metropolitan Mayors Caucus, Builds on Bipartisan Coalition That Held the Line on Local Government Funding
- WCIA 3's Kevin Lighty to Interview Aerostratospheric President Jeremy Higgs on Behind the Forecast
- Cress Creeks Farm Opens Fall Corn Maze and Baby Lamb Hayride Experience in Ellijay, Georgia
STR Inspection Services enlisted CDI Global to negotiate sale to GQS
MELBOURNE, Australia - May 21, 2019 - illiNews -- CDI Global, an international M&A advisory firm, is pleased to announce the successful divestment of STR Inspection Services (STR) to GQS.
STR engaged CDI Global Australia (CDI ANZ) early in the process to develop a divestment plan and information memorandum. CDI Global worked to identify potential acquirers for STR, and begin a dialogue with each potential entity, overseeing communication. In addition to managing initial discussions, they also coordinated site visits.
STR reflected on the engagement, "We would like to thank CDI for your diligence, advice, persistence and patience in the long drawn out process of getting the deal for the sale of STR finally wrapped up. We acknowledge and sincerely appreciate their efforts and would have no hesitation in recommending their services."
STR was established in 2010 to provide a range of inspection services for major industrial plants. The experience of their inspectors and works management systems means they have the ability to service plant outages and operating equipment from visual inspection to arranging and supervising weld procedures and repairs. They have grown to service major industrial plants and construction projects in the oil & gas, pulp & paper, mining, energy, power generation and chemical manufacturing sectors across Australia, Asia and Europe.
More on illi News
CDI Global identified GQS, an international provider of technical and quality assurance services, as an ideal acquirer for STR. They went on to negotiate and finalize the non-binding offer, and develop and manage the virtual data room, corporate advisors and face to face meetings between STR and GQS. STR was an ideal acquisition for GQS based on an alignment of delivering high quality inspection services and audits to the energy industry and other related sectors. GQS combines specialist engineering knowledge with industry-wide quality process experience to deliver optimized solutions.
"We could not be more pleased about our role in the transaction," said CDI ANZ Partner Chris O'Connor. "We have worked with STR for many years and the sale to GQS is a perfect fit and will utilise STR capabilities throughout Asia Pacific. The goodwill and professionalism of STR and GQS is a positive sign of the future success of the transaction."
CDI Global specializes in finding the right opportunities for cross-border mergers and acquisitions, using their international offices that integrate their network to provide on-location expertise and support.
More on illi News
About CDI Global
CDI Global offers financial advisory services focusing on middle-market transactions. The firm specializes in international company search formergers and acquisitions, divestitures and joint ventures, buy-side and sell-side representation, and due diligence advisory services. They have over 1,000 transactions completed in the past 35+ years covering more than 25 industries. CDI Global was founded in 1973 and is based in Chicago, Illinois with 35 additional offices in Asia, Europe, North America, Oceania, and South America.They are known for the quality of their international personnel, industry focus, trademark interview process, and in-depth business development expertise. For more information visit https://www.cdiglobal.com.
Local knowledge, global reach.
STR engaged CDI Global Australia (CDI ANZ) early in the process to develop a divestment plan and information memorandum. CDI Global worked to identify potential acquirers for STR, and begin a dialogue with each potential entity, overseeing communication. In addition to managing initial discussions, they also coordinated site visits.
STR reflected on the engagement, "We would like to thank CDI for your diligence, advice, persistence and patience in the long drawn out process of getting the deal for the sale of STR finally wrapped up. We acknowledge and sincerely appreciate their efforts and would have no hesitation in recommending their services."
STR was established in 2010 to provide a range of inspection services for major industrial plants. The experience of their inspectors and works management systems means they have the ability to service plant outages and operating equipment from visual inspection to arranging and supervising weld procedures and repairs. They have grown to service major industrial plants and construction projects in the oil & gas, pulp & paper, mining, energy, power generation and chemical manufacturing sectors across Australia, Asia and Europe.
More on illi News
- Jeron Continues to Invest in Technology to Meet Growing Demands
- Put Your Herd on Your Phone: Kiko Nation Makes Livestock Management Simple
- Future Intelligence Think Tank Surpasses 1,000 Members Exploring Human and Artificial Intelligence
- Gary Bernstein Expands Media Leadership Role With Senior Strategic Advisor Appointment To Blacksun Private Equity
- Litera Brings Foundation Firm AI Search into ChatGPT with Plugin
CDI Global identified GQS, an international provider of technical and quality assurance services, as an ideal acquirer for STR. They went on to negotiate and finalize the non-binding offer, and develop and manage the virtual data room, corporate advisors and face to face meetings between STR and GQS. STR was an ideal acquisition for GQS based on an alignment of delivering high quality inspection services and audits to the energy industry and other related sectors. GQS combines specialist engineering knowledge with industry-wide quality process experience to deliver optimized solutions.
"We could not be more pleased about our role in the transaction," said CDI ANZ Partner Chris O'Connor. "We have worked with STR for many years and the sale to GQS is a perfect fit and will utilise STR capabilities throughout Asia Pacific. The goodwill and professionalism of STR and GQS is a positive sign of the future success of the transaction."
CDI Global specializes in finding the right opportunities for cross-border mergers and acquisitions, using their international offices that integrate their network to provide on-location expertise and support.
More on illi News
- Headline: House of Nova Paints Every Face in Gold at New York Fashion Week
- Can Government Operate Better Through Innovation?
- Michael H. Kaplan Advocates for Seriously Injured Colorado Workers Who Need In-Home Care
- Just Right Armrest Introduces an Adjustable Approach to Vehicle Arm Support
- Wig Floater Introduces a Convenient Magnetic Hanging Solution for Wig Storage
About CDI Global
CDI Global offers financial advisory services focusing on middle-market transactions. The firm specializes in international company search formergers and acquisitions, divestitures and joint ventures, buy-side and sell-side representation, and due diligence advisory services. They have over 1,000 transactions completed in the past 35+ years covering more than 25 industries. CDI Global was founded in 1973 and is based in Chicago, Illinois with 35 additional offices in Asia, Europe, North America, Oceania, and South America.They are known for the quality of their international personnel, industry focus, trademark interview process, and in-depth business development expertise. For more information visit https://www.cdiglobal.com.
Local knowledge, global reach.
Source: CDI Global
0 Comments
Latest on illi News
- Mom Era, Still That Girl: Family Art Tees 25% Off
- Fashion vs. Fascism - Because Democracy Should Always Be In Style
- Mayor Brandon Johnson, CDOT, and LYFT Announce Divvy's Busiest Summer Ever as Biking Continues to Boom in Chicago
- Chicago: Mayor Brandon Johnson Announces Appointments to Department of Fleet and Facility Management and Department of Human Resources
- Lee Gunn IV Shares Lessons From 40 Years in the Courtroom on PodNumbra Podcast
- Michael H. Kaplan Recognized for 17 Years on PHPA Workers' Compensation Panel and Advocacy for Professional Athletes
- International Society of Medical AI Convenes Global Faculty in Florence for ISMAI 2026
- Boston Industrial Solutions Introduces Personalized Printing Training
- OnDemand Launches Craft Coffee and Pantry as the Next Step in Its Growing Amenity Platform
- Century Fasteners de Mexico Exhibiting at the 2026 Automotive & Aerospace Nearshoring Summit
- Northeast Airlines aligns with European Investment Group
- Retell AI White Label Platform for Agencies Launched by VoiceAIWrapper, With Branded Client Portals and No Per-Minute Markup
- FOCUS Names Mark Phillips Senior Vice President of Business Development
- STLE's Interactive Lubrication Training Experience Returns to Southwest Research Institute
- Notaron Expands Online Notarization Access Following Wisconsin Approval
- Mondo teams up with Paragon Sports Constructors as official outdoor track partner for Texas
- Exercise Scientist Turns a Personal Heart Scare into a Free Training Tool
- Wings Air Helicopters Selected to Support VIP Transportation for Resorts World in New York
- Scoop Social Co. Brings Its Signature Mobile Dessert Experience to Houston This October
- Chicago: Mayor Brandon Johnson, Department of Technology and Innovation Launch Revamped Mayor's Office Website