By Business staff
Providence-based Nautic Partners, a private equity firm, said Monday that it has partnered with management to acquire Texas-based Applied Consultants, Inc., a provider of inspection services to the oil and gas pipeline industry.
Terms were not disclosed.
Applied, based in Longview, Texas, has 450 inspectors working with clients in states across the country including Texas, Oklahoma, Louisiana, West Virginia, Ohio, Pennsylvania, and North Dakota.
Founded in 1986, Nautic Partners is a middle-market private equity firm with
over $2.5 billion of capital under management.