Tuesday, June 28, 2011

National Technical Systems Gets $14M In PIPE

Calabasas-based National Technical Systems, which provides testing and engineering services, said today that it has raised $14M in a private placement. The firm said it raised the debt and equity with Mill Road Capital. The firm said the new funding will go towards one or more future acquisitions by the company. NTS said it is in discussion with "several" potential acquisition candidates. The firm said it was advised by B. Riley & Co. in the financing.

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