ALDEN ADVISORS ANNOUNCES DIVESTITURE OF VMI FROM THE MISTRAS GROUP

(August 2018) Alden Advisors, the creator of IP VAMP™, the Intellectual Property Value Maximization Process, is pleased to announce the sale of Virtual Media Integrated (VMI) which is a computerized radiography equipment supplier that was a wholly-owned subsidiary of the MISTRAS Group (NYSE: MG).  As an international, publicly-traded company providing equipment, software, and services to the non-destructive testing industry, the MISTRAS Group originally purchased VMI as an opportunity to integrate its NDT-related services supply chain. However, the MISTRAS Group over time believed that VMI would achieve greater success in the hands of a strategic acquirer.

Once engaged by the MISTRAS Group to divest the assets of VMI, the Alden Advisors team conducted a broad auction process introducing the VMI acquisition opportunity to parties across the entire non-destructive testing value chain.  Through the use of their IP VAMP™ Transaction process, Alden Advisors was able to successfully convey to Varex Imaging that VMI would be a promising partnership opportunity.

Guided by the Alden Advisors team and their IP VAMP™ Transactions process, the MISTRAS Group and VMI  successfully transitioned ownership of VMI to Varex Imaging in August 2018. Financial terms of the transaction were not disclosed.
About VMI

VMI is the premier manufacturer and integrator of Computed Radiography (CR) systems, Digital Radiography (DR) systems,  and Film Digitizer systems all running off VMI’s proprietary Starrview software platform which has been developed and produced by VMI specifically to meet the challenging needs of the NDT field.  VMI’s team of experienced technicians and radiographers allows it to provide the highest level of support to markets including oil and gas, nuclear, military, aerospace, automotive, casting, and manufacturing.

About Alden Advisors

Alden Advisors is an investment banking firm focused on maximizing the value of technology and niche intellectual property (IP) businesses in the middle market. Alden Advisors is the creator of IP VAMP™, the Intellectual Property Value Maximization Process.  The firm’s operational deal makers leverage its multi-stage consulting practice, IP VAMP™ Advisory, and its Core IP Experience™-focused capital raising and M&A practice, IP VAMP™ Transactions, to create experience monopolies and extract maximum business value.  For more information about Alden Advisors or its unique processes, please visit us at www.AldenAdvisors.com.