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Latham Advises on Financing for Admiral Acquisition Limited’s Completed Acquisition of Acuren

July 31, 2024
Firm represents Jefferies in a financing to support the publicly listed acquisition vehicle’s acquisition of a leading North American provider of critical asset integrity services from US private equity firm American Securities.

Acuren Corporation (formerly known as Admiral Acquisition Limited) (LSE: ADMR / ADMW) (the Company) has announced that it has completed its acquisition of ASP Acuren Holdings, Inc., a market leading North American testing, inspection, and certification (TIC) provider of critical asset integrity services, from funds advised by American Securities LLC, for approximately US$1.85 billion. In connection with the closing of the transaction, the Company has been renamed Acuren Corporation.

Latham & Watkins LLP represented Jefferies in a financing to support the acquisition with a banking team led by New York partner Jesse Sheff, and counsel Kelly Egers, with associate Henry Miller.

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