COSTA MESA, Calif., April 3, 2008 (PRIME NEWSWIRE) -- Martec Ltd. has been acquired by Lloyd's Register Americas Inc., part of Lloyd's Register Group. Terms of the transaction were not disclosed.
RSM EquiCo Capital Markets LLC initiated the transaction, led the negotiations and acted as the exclusive financial advisor to Martec.
"Bringing Martec onboard is the latest development in a strategic plan to strengthen our marine consultancy capabilities," said Claus Myllerup, senior vice president and head of Lloyd's Register Technical Investigations & Analysis. "Martec's strong research and development capabilities will make a strong contribution to the Lloyd's Register Group. With its multidisciplinary consulting services, engineering analysis software, and contract research services, Martec provides solutions to structural, materials and environmental problems using advanced engineering, finite element and computational fluid dynamics methods. Martec's strength in defense-related work will provide important support to the Lloyd's Register Group's expansion in its naval services."
A team of RSM EquiCo Capital Markets professionals contributed to the successful close of this transaction. John Dorey, senior managing director and Paul Bodet, vice president, led the deal team.
About RSM EquiCo Capital Markets
RSM EquiCo Capital Markets LLC (www.rsmequico.com) is a global provider of investment banking services to private and public companies with annual revenues of up to $1 billion. The firm's services include mergers, acquisitions, divestitures, recapitalizations, capital raising and fairness opinions. RSM EquiCo Capital Markets, which offers in-depth expertise in 12 distinct industry sectors, brings together companies, capital and creativity on a national and international scale to help clients achieve their personal and strategic objectives.
RSM EquiCo Capital Markets is affiliated with RSM McGladrey Inc., one of the nation's largest providers of business and tax consulting, wealth management, retirement resources and payroll services to midsized companies.
RSM EquiCo Capital Markets is licensed by the SEC and all state securities authorities, and is a member of FINRA and SIPC. The firm's international headquarters are located in Costa Mesa, Calif. It also has offices in Chicago, Boston, New York and London.
About Martec, Ltd.
Martec (www.martec.com) is an engineering firm specializing in advanced engineering simulation technology for the design and analysis of complex structures and systems, including aircraft, ships, armored vehicles, ports and harbors, and offshore structures. Martec provides solutions to structural, materials and environmental problems. From enhancing blast protection for military personnel and vehicles to predicting the motions and stresses of ships in waves and developing new methods for predicting structural fatigue, Martec helps clients mitigate risk, enhance performance and improve survivability. Martec is based in Halifax, Nova Scotia.
About Lloyd's Register Group
Lloyd's Register Group (www.lr.org) is an independent risk management organization. The group works to help improve its clients' quality, safety, environmental and business performance throughout the world. Lloyd's Register Marine Consultancy Services comprises specialist engineering services, including noise and vibration specialists, technical investigations, structural analysis services, and a wide range of energy efficiency and environmental services. Lloyd's Register Group is based in London, U.K.