News & Announcements

Weil Advises American Securities in its Agreement to Sell Acuren

Weil is advising American Securities LLC, a leading U.S. private equity firm, in a definitive agreement to sell ASP Acuren Holdings Inc., the parent company of Acuren, a leading North American provider of critical asset integrity services, to Admiral Acquisition Limited. The transaction, which is subject to customary closing conditions, values the business at $1.85 billion.

Acquired in 2019, Acuren is a leading provider of nondestructive testing, engineering and lab testing, and rope access technician solutions in North America, delivered through over 135 locations and more than 5,500 employees throughout the United States, Canada, and the United Kingdom.

The Weil team advising American Securities is led by Mergers & Acquisitions Head Michael Lubowitz and Private Equity partner Ryan Taylor and includes Mergers & Acquisitions partners David Avery-Gee and Sarah Flaherty, counsel Iliana Karaoglan and associate Dorothy Coco and Julia Malave; Corporate senior consultant Ian Hamilton; Banking & Finance Co-Head Andrew Colao, partner Jacqueline Oveissi, counsel Veronica Bonhamgregory and associate Kateryna Mekianov; Technology & IP Transactions partners Dennis Adams and Olivia Greer and associates Jeeyoon Chung and David Merck; Capital Markets Head Alexander Lynch; Antitrust partner Megan Granger and associates Dan Nobil and Joon Cho; Regulatory Transactions Head Annemargaret Connolly and partners Shawn Cooley, Timothy Welch and John O’Loughlin, counsel Nathan Cunningham and associate Christina Carone; Tax partner Jonathan Macke and associate Josh Schonfeld; Executive Compensation & Benefits partner Amanda Rotkel and associate Jacob Oksman; Employment partner Peter Mee and associate Lauren Kelly; and Real Estate attorney Leslie Smith and associate Subrina Chowdhury.