Karanović & Nikolić advised AmSpec on the acquisition of Agri Services doo – an inspection and testing company serving the Agricultural and Petroleum market in the Danube region from their locations in Serbia and Hungary. The acquisition of Agri Services shows AmSpec’s continued expansion into the Agri-market and is yet another strategic step for the company, as it maintains its focus on expanding its global service network.
The services performed by the Karanović & Nikolić team – led by Milos Jakovljević, included the due diligence of Agri Services, negotiating the transaction and drafting transaction documents.
AmSpec is an international independent inspection and testing company headquartered in Cranbury, New Jersey. It services companies from the Petroleum, Chemical, Gas & Agricultural industries for over 30 years. AmSpec operates state of the art testing facilities throughout the United States, Canada, Caribbean, Europe, Asia, Central & South America and Australia.
In July 2016, AmSpec was acquired by Olympus Partners, a private equity and venture capital firm from Connecticut, USA. The company has an established presence in attractive markets with a broad, blue chip customer base. AmSpec’s management stated its continued commitment to a growth strategy through acquisitions, further investment in the company’s facility network and expansion to new customers and untapped geographies.