Russell Corrosion Consultants, Inc.
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Russell Corrosion Consultants, Inc. - overview
Established
1993
Location
Columbia, MD, US
Primary Industry
Business Support Services
About
Russell Corrosion Consultants, Inc. provides specialized services in corrosion mitigation, focusing on advanced monitoring systems and consulting for various industrial sectors to ensure safety and longevity of infrastructure. Founded in 1993 in Columbia, US, Russell Corrosion Consultants, Inc. specializes in corrosion management solutions.
In February 2014, the company was acquired by EN Engineering LLC, a move that reflects its strategic importance in the industry. The company operates primarily in North America and Europe, serving a diverse range of clients, including energy and municipal agencies. Russell Corrosion Technologies specializes in advanced corrosion mitigation solutions, offering a suite of products designed to protect infrastructure across various industrial sectors. Their core offerings include advanced corrosion monitoring systems that utilize real-time data to assess the integrity of critical assets, essential for industries such as oil and gas, water treatment, and manufacturing.
Additionally, Russell provides consulting services to help clients identify and implement tailored corrosion control strategies. Their products are mainly utilized in North America and Europe, catering to major energy firms, municipal water agencies, and industrial manufacturers. Russell Corrosion Technologies operates a revenue model based on a combination of direct sales and service contracts with clients. Transactions typically involve long-term partnerships where clients engage the company for ongoing monitoring services and consulting support, establishing a steady revenue stream.
This includes subscription-based models for their monitoring systems, ensuring continuous updates and technical support. Pricing plans for flagship products are structured to reflect project complexities, adapting to the specific needs of clients. Currently, Russell Corrosion Technologies is focused on expanding its product offerings and geographic reach. Plans for the future include the launch of new advanced monitoring systems, although specific release dates have not been disclosed.
The company aims to penetrate additional markets in Europe and Asia by 2025, leveraging its recent acquisition to enhance its capabilities. The funding from the acquisition in February 2014 is expected to support these growth initiatives, allowing for further investment in product development and market expansion.
Current Investors
ENTRUST Solutions Group, LLC
Primary Industry
Business Support Services
Sub Industries
Engineering, Construction
Website
www.russellcorrosion.com
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Russell Corrosion Consultants, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Russell Corrosion Consultants, Inc. | - |
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