GenNx360 Capital Partners, a New York City-based private equity firm focused on middle-market industrial and business services companies, announced an investment in NVI, LLC, a national testing, inspection, certification, and compliance platform, in partnership with the company’s management team.
NVI provides testing, inspection, integrity, and program management services to customers across the energy infrastructure, industrial manufacturing, power generation, marine, and data center end markets. Headquartered in Gray, Louisiana, the company employs more than 400 technicians and serves a diverse client base nationwide. Its core capabilities include 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 opportunities to expand NVI both organically and through acquisitions as demand for testing and compliance services continues across critical infrastructure markets.
Founded in 2004, NVI has built its reputation around technical expertise, safety, and a commitment to delivering services “Done Right,” providing conventional and advanced inspection technologies designed to ensure the integrity and reliability of critical assets.
Support: Advisors on the transaction included Stifel Financial Corp. and Miller, Sullivan & Demarcay for NVI, while Greenberg Traurig and Houlihan Lokey advised GenNx360.
KEY QUOTES
“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.”
Pratik Rajeevan, Principal at GenNx360 Capital Partners
“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.”
Monty Yort, Managing Partner at GenNx360 Capital Partners
“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.”
Josh Luft, President and CEO of NVI
“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.”
Jason Caruso, Executive Vice President of NVI
