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McGladrey Capital Markets Served as Financial Advisor to Ingenium Testing LLC During its Acquisition by National Technical Systems

Dépèche transmise le 27 juillet 2011 par Business Wire

McGladrey Capital Markets Served as Financial Advisor to Ingenium Testing LLC During its Acquisition by National Technical Systems

COSTA MESA, Calif.--(BUSINESS WIRE)--Ingenium Testing LLC (“Ingenium”), an independent third-party electromagnetic interference de-confliction testing facility located in Rockford, Illinois, was recently acquired by National Technical Systems (NASDAQ: NTSC) (“NTS”), a leading provider of testing and engineering services.

“The acquisition of Ingenium allows NTS to further augment its full product life cycle testing capabilities and increase its access to important tier one customers.”

McGladrey Capital Markets initiated the transaction and acted as exclusive financial advisor to Ingenium. Transaction terms were not disclosed.

“Ingenium is especially proficient in providing original testing services for challenging applications,” said Cliff Smith, Managing Partner of Ingenium. “Our goal was to partner with a strategic testing and evaluation services firm that could leverage our core capabilities within the partner’s sales channels. The McGladrey Capital Markets team was instrumental in making this happen with NTS.”

“Testing for electromagnetic interference and compatibility is especially important in today’s hybrid composite aircraft with ever-increasing amounts of electronics,” said Erik Choy, Vice President of McGladrey Capital Markets. “The acquisition of Ingenium allows NTS to further augment its full product life cycle testing capabilities and increase its access to important tier one customers.”

About Ingenium Testing

Based in Rockford, Illinois, Ingenium Testing LLC is an independent third-party testing facility in North America offering a full range of systems compliance testing services, including electromagnetic compatibility (EMC), electromagnetic interference (EMI), and consulting services to the aerospace, defense, wireless, medical, consumer and industrial markets. The company provides a “one-stop” resource for all conformity assessment requirements in the field of EMC/EMI testing of electrical systems. Ingenium’s services allow its customers to save time and costs by achieving compliance requirements quickly and efficiently, avoiding costly delays in bringing products to market. The company is a key electrical systems testing provider on several important aerospace and defense programs, including the Boeing 787, 747-8, Airbus A350, and Eurofighter, among others.

About National Technical Systems

National Technical Systems, Inc. is a leading provider of testing and engineering services to the aerospace, defense, telecommunications, automotive and high technology markets. Through a world-wide network of resources, NTS provides full product life-cycle support, offering world class design engineering, compliance, testing, certification, quality registration and program management. For additional information about NTS, visit the Company’s website at www.nts.com or call 800-270-2516.

About McGladrey Capital Markets

McGladrey Capital Markets LLC (www.mcgladreycm.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, fairness opinions and restructurings. McGladrey Capital Markets, which offers in-depth expertise in many distinct industry sectors, brings together companies, capital and creativity on a national and international scale to help clients achieve their personal and strategic objectives.

McGladrey Capital Markets is affiliated with McGladrey Inc., a professional services firm providing accounting, tax and business consulting. Both firms are indirect subsidiaries of H&R Block Inc. (NYSE: HRB), the world’s preeminent tax services provider. McGladrey Capital Markets’ international headquarters are located in Costa Mesa, Calif. The firm is a member of FINRA.