National Drying Technologies (NDT), established in 2014, specializes in providing equipment solutions for industrial and commercial clients dealing with significant property damage. The company rapidly expanded its capabilities through the acquisition of AMC Elite in 2015, enhancing its service offerings during high profile events and projects and expanding its geographic reach on a national level.
Strategic Growth: NDT’s acquisition of AMC Elite allowed for a significant increase in operational capacity, leading to successful deployments during disasters and high-profile projects and daily work across the United States.
Key Projects: NDT has been involved in several high-profile projects, including Fortune 500 automobile manufactures, luxury casinos, premier commercial high-rise buildings, and mission critical health systems.
Operational Enhancements: Under GGP’s investment period, NDT expanded its fleet to over 4,800 specialized equipment units, professionalized key leadership team positions and leverage technology enhancements to drive value.
Successful Exit: In 2021, NDT was acquired by Sunbelt Rentals, marking a successful exit for GGP’s partners and the NDT leadership team.
Investment Summary
Industry Position: Leading Area Wide Events and Large Loss equipment provider in the U.S
Hold Period Revenue: 2014 to 2021 $230M
Fleet Size: 4,800+ specialized equipment units
Return on Invested Capital (ROIC) – Avg.: 48%
Exit: Acquired by Sunbelt Rentals in 2021
