Applied-Cleveland’s Acquisition of Inspection Business from STS Consulting


Simpson Thacher represented Applied-Cleveland Holdings, a First Reserve portfolio company, in connection with its acquisition of the Inspection Business of STS Consulting Services, LLC.

Applied-Cleveland is a leading provider of inspection and integrity management services for energy infrastructure assets in North America. Financial details of the transaction were not disclosed.

STS provides third party inspection and integrity maintenance services for midstream customers across North America and also provides process safety management and risk management plan services, assistance in developing HS&E programs for customers, quality assessment and quality control to mitigate any issues on a project site as well as provide comprehensive compliance documentation and manuals for midstream operators.

The Simpson Thacher team includes Michael T. Holick (Picture), Jun Won Kim and Jiarui Li (M&A); Alden Millard, Michael Vernace and Eric Wisotsky (Credit); Larry Moss, Alisa Tschorke and Austin Uhm (Executive Compensation and Employee Benefits); John J. Creed and Christopher Murray (Tax); Lori Lesser and Marcela Robledo (Intellectual Property); Krista McManus (Real Estate); Michael Isby and Timothy Mulvihill (Environmental); and David Caldwell (Regulatory). Associates Adam Moss and Edward Bersuder also provided valuable assistance.

Involved fees earner: Michael Holick – Simpson Thacher & Bartlett; Jun Won Kim – Simpson Thacher & Bartlett; Jiarui Li – Simpson Thacher & Bartlett; Alden Millard – Simpson Thacher & Bartlett; Michael Vernace – Simpson Thacher & Bartlett; Eric Wisotsky – Simpson Thacher & Bartlett; Laurence Moss – Simpson Thacher & Bartlett; Alisa Tschorke – Simpson Thacher & Bartlett; Austin Uhm – Simpson Thacher & Bartlett; John Creed – Simpson Thacher & Bartlett; Christopher Murray – Simpson Thacher & Bartlett; Lori Lesser – Simpson Thacher & Bartlett; Marcela Robledo – Simpson Thacher & Bartlett; Krista McManus – Simpson Thacher & Bartlett; Michael Isby – Simpson Thacher & Bartlett; Timothy Mulvihill – Simpson Thacher & Bartlett; David Caldwell – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: Applied-Cleveland Holdings, Inc. ;

Author: Ambrogio Visconti