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Fredericks Michael & Co. advises RINA Group S.p.A. (IT) on the acquisition of QIC, Inc. (US)

Fredericks Michael & Co. acted as exclusive financial advisor to RINA S.p.A., a global leader in testing, inspection, certification, and engineering services in Italy, on its acquisition of QIC, Inc. in the United States. The acquisition enables RINA to expand its oil and gas services to the US.

“QIC is a well-established testing, inspection, and certification (‘TIC’) company with a strong, blue-chip customer base of operators and manufacturers operating globally with expertise that complements that of RINA," said Stefano Socci, General Manager – Americas, RINA Services. "The RINA and QIC combination will allow us to more rapidly expand our presence in the global offshore and subsea markets.”

The acquisition reflects RINA’s strategy of growth through the acquisition of high-quality companies, with complementary expertise and access to new markets. At the same time, QIC will be able to widen the range of services offered to its clients and expand into areas where RINA is already strong as a certification and classification society.

“We are very pleased with the outcome of this transaction and the opportunities this combination will bring to our loyal customers and employees,” said Douglas Fletcher, founder of QIC. “We could not have selected a better partner than RINA to drive expansion and take QIC to the next level.”

FM&Co.’s advisory services to RINA included search and screen, valuation analysis, structuring, due diligence coordination, and extensive negotiations.

About RINA S.p.A.

RINA is a multi-national corporation which provides verification, certification, conformity assessment, marine classification, environmental enhancement, product testing, site and vendor supervision, training, and engineering consultancy across a wide-range of industries and services. RINA operates through a network of companies covering Marine, Energy, Infrastructures & Construction, Transport & Logistics, Food & Agriculture, Environment & Sustainability, Finance & Public Institutions and Business Governance. With revenue in excess of €330 million in 2014, over 2,750 employees, and 163 offices in 60 countries worldwide, RINA is recognized as an authoritative member of key international organizations and an important contributor to the development of new legislative standards. For more information, visit

About QIC, Inc.

QIC, Inc. is a leading TIC company serving major and independent operators as well as manufacturers in the energy industry. The Company provides highly trained and experienced quality field inspectors, consultants, engineers, and specialists to deliver customers mission-critical, quality surveillance, and ensure asset integrity. Founded in 1990, and headquartered in Houston, Texas, QIC has expanded its presence globally with locations in Louisiana, the United Kingdom, Singapore, and Malay.

About Fredericks Michael & Co.
Established since 1984, Fredericks Michael provides distinctive financial advisory solutions to large corporations, private and family-controlled businesses, and financial sponsors seeking to execute cross-border mergers, acquisitions, divestitures and strategic alliances in Europe, the Americas and Asia.
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