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Platte River Ventures closes purchase of Global X-Ray & Testing

Platte River Ventures has taken a controlling stake in Global X-Ray & Testing in partnership with the company’s founding family.

Headquartered in Morgan City, Louisiana, Global X-Ray is a provider of non-destructive testing and evaluation services to the oil and gas industry.

"We are very excited and looking forward to working with our new partners at Platte River Ventures," says Chris Moreau, chief executive of Global X-Ray. "We feel that the experience of Platte River’s principals and their access to additional capital will allow Global X-Ray to achieve long-term success and will help our company innovate and shape the future in the oil and gas industry."

Bill Robb, managing director of Platte River Ventures, says: "We are honoured to partner with the Moreau family. They have a terrific team and a world class reputation built over the last 45 years."

Based in Denver, Colorado, Platte River Ventures is a private equity firm focused on investing in small and middle market operating companies with enterprise values generally between USD10mand USD150m.

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