1、Testing,Inspection,Certification&ComplianceQUARTERLY SECTOR REVIEW I Q4 20221Select TICC M&A TransactionsAnnounced September 22,2022Announced September 27,2022Announced September 2,2022Announced August 15,2022Announced July 12,2022D&H United(KLH Capital)acquired by Wind Point PartnersD&H United is a

2、 leading provider of testing,inspection,repair,and installation services to fueling stations and electric vehicle(EV)charging infrastructure across the United States.Wind Point Partners,a Chicago-based private equity firm,acquired D&H United from KLH Capital.Harris Williams served as the exclusive f

3、inancial advisor on the transaction.Penumbra Security acquired by SGSPenumbra Security is a provider of security assessments and conformance testing on products and networks for compliance to multiple accepted worldwide security standards.SGS is an established global player in the TICC space,providi

4、ng products and materials testing,site inspections,industrial equipment inspection,and numerous other services.National Technical Systems(Aurora Capital)acquired by Element Materials Technology(Temasek Holdings)National Technical Systems is a provider of engineering,evaluation,and testing services i

5、ntended to support the aerospace,defense,transportation,electronics,power,and telecommunications industries.Element Materials Technology,a portfolio company of Temasek Holdings,acquired National Technical Systems from Aurora Capital.Medical Technology Associates acquired by PNC RiverarchMedical Tech

6、nology Associates is a leading provider of testing,inspection,maintenance,and certification services to medical gas and controlled environmental industries.PNC Riverarch is a private equity firm based in Pittsburgh,Pennsylvania,that seeks to invest in a variety of services sectors across North Ameri