Confluence Advisors, LLC (“Confluence”) is pleased to announce that it advised Orbit Industries, Inc., a leading provider of nondestructive testing (“NDT”) services on its sale to Element Materials Technology.
Headquartered near Cleveland Ohio, Orbit is a Nadcap and ISO 17025 accredited laboratory that also operates out of four other satellite inspection facilities across Ohio, Pennsylvania and New York. With over 30 prime approvals, Orbit, a leader in the NDT industry, specializes in ultrasonic, liquid penetrant, magnetic particle and chemical processing for raw materials, semi-finished and finished products, including landing gear components, airfoils and aluminum wheels.
John Alexandrovic, CEO, Orbit, commented ‘’Since our formation in 1965, we have become one of the leading providers of NDT services to aerospace primes and Tier 1 suppliers in the United States. We see partnering with Element as an opportunity to expand our capabilities and capacity, so we can continue to offer our customers testing solutions of the best quality, lead time and price in the industry.’’
Confluence Advisors acted as the exclusive merger and acquisition advisor to Orbit Industries. This transaction marks the second sale of a NDT company that Confluence advised in the last twelve months.
About Confluence Advisors, LLC
Confluence helps business owners maximize the sale of a business, raise optimal funding, or acquire a business. With over 80 years of combined deal experience and more than $1.5 billion in transactions, the Confluence team works every day to help companies and their stakeholders through critical business transitions. The above testimonials may not be representative of the experience of other customers and is not a guarantee of future performance or success.