FAP is a leading, specialty engineering firm focused on failure analysis, prevention, and damage assessment.
Stamford, CT (January 2023) — Belden Hill Partners, LLC (“BHP”) is pleased to announce the sale of its client, Failure Analysis & Prevention, Inc. (“FAP”), headquartered in North Kingstown, RI, to J.S. Held, a global consulting firm based in Jericho, NY, and a portfolio company of Kelso & Company, a middle market private equity firm based in New York, NY. Belden Hill Partners served as exclusive financial advisor to FAP.
FAP, founded in 2001, is a specialty engineering firm that provides expert consulting services to determine the root cause of component and system failures and help prevent future incidents. The Company also operates a full-service metallurgical facility providing forensic failure analysis of metallurgical and mechanical components for damage assessment of equipment and systems. The Company has extensive experience working with major insurance companies globally across all fields of heavy industry, regularly advising clients in the areas of power generation, oil and gas production, mining, transportation, pulp and paper production, and construction.
J.S. Held acquired a controlling interest in FAP. J.S. Held, founded in 1974, is a global consulting firm providing technical, scientific, and financial expertise across all assets and value at risk, and since 2019, it has been a portfolio company of Kelso & Company, a middle market private equity firm founded in 1980. For more information on the transaction, please click the following link: FAP / J.S. Held Transaction Announcement.
Mike Casey, Founder & CEO of FAP noted, “The team at Belden Hill Partners guided our management team through all aspects of the transaction process. BHP provided valued-added advice at every step of the transaction and interacted seamlessly with our legal and accounting advisers. Our chosen strategic partner will contribute additional resources that complement the existing strengths of the FAP team in providing highly specialized engineering services to our clients.”
For more than 25 years, the professionals at Belden Hill Partners, LLC, have helped hundreds of closely held and family-owned businesses design, plan and execute creative strategies to maximize shareholder value. Based in Stamford, CT, BHP serves business owners across the United States, providing clients with a menu of strategic options or alternatives to balance the often competing needs for growth capital for the business, liquidity for shareholders, and the desire to maintain management or family control. The execution of those options often involves: the raising of debt and equity for growth capital needs, shareholder liquidity, recapitalizations, or mergers and acquisitions with strategic, value-added partners and longer term, more patient, financial investors. For more information, visit BHP’s website at www.beldenhillpartners.com.
