Houston Business Journal
January 14, 2021
Humble-based Radarview, a provider of concrete-scanning and utility-locating services, was acquired by Toledo, Ohio-based Ground Penetrating Radar Systems LLC, the company announced Jan. 6. Terms of the acquisition were not disclosed.
Radarview has served clients including engineering firms, utilities and contractors in the Texas market for nearly two decades. Houston-based advisory Gilbert & Pardue LLC served as the exclusive adviser to Radarview in connection with the acquisition.
"This is a terrific opportunity for us," said Todd Allen, president of Radarview. "The new partnership with GPRS provides us additional capital and resources, enabling Radarview to better serve our customers and support our growth."
The deal expands GPRS's existing business in the Texas market. GPRS is a portfolio company of Kentucky-based private equity firm Kohlberg & Co.
"Radarview is a strong company with highly trained technicians and an excellent track record," said Matt Aston, president of GPRS. "Radarview represents a highly complementary acquisition for GPRS that enhances our market position in a rapidly growing market."