TSSD Services, Inc. (“TSSD”) announced that it has been acquired by Nuvia, a subsidiary of VINCI group and nuclear division of Soletanche Freyssinet. TSSD is a multidisciplinary professional and technical staff augmentation services firm with a mission to provide quality management and technical staff resources to the energy and utility sector with an emphasis on the nuclear industry. This transaction is the successful culmination of an initiative led by Peloton Advisory LLC.
Founded in 1999, TSSD (www.tssdservices.com) specializes in recruiting and placing management, professional and technical staff resources for clients who require personnel with specific areas of expertise, defined skill sets, and a proven track record of success. TSSD experts provide a broad range of services throughout the entire nuclear power plant lifecycle.
TSSD has become an industry leader in guiding organizational change and transition, nuclear decommissioning planning and project execution. TSSD is involved in many decommissioning, remediation and disposition projects with a strong focus on environmental cleanup activities such as remediation, waste management, disposition of contaminants, and facility decontamination and decommissioning.
“We are delighted to join NUVIA and to start this new partnership as a member of the VINCI group. We thank all our clients and partners for their business and support over all these years, and especially our employees for their unwavering dedication and commitment to TSSD Services. We are looking forward to exposing our employees to expanded opportunities alongside the expertise of VINCI’s vast network, while ensuring the continuity of our existing business relationships that has defined TSSD Services over the past 25 years.”, says Todd Smith, Founder of TSSD.
“We are excited to grow our footprint in the United States and capitalize on TSSD Services’ experience and capabilities, to offer new services to our existing US clients and continue supporting decommissioning, remediation, outages and planned maintenance. We are glad to welcome our new colleagues, and to support them over the next months and years for a smooth integration.”, says Bruno Lancia, CEO of Nuvia.
Nuvia (www.nuvia.com), a subsidiary of the world-leading VINCI group and nuclear division of Soletanche Freyssinet, is an international company that has been operating on highly regulated and sensitive industrial sites for over 60 years. Drawing on its experience in the nuclear industry, Nuvia supports its industrial clients in sensitive and highly regulated environments throughout the life cycle of their installations. Nuvia operates in numerous business sectors, including nuclear energy, civil and military defense, health and the environment, offering its clients a full range of support services, engineering and the products necessary for the design, construction, operation and dismantling of their industrial installations.
Peloton Advisory LLC (www.pelotonadvisory.com) provides M&A advisory to highly successful, privately-owned entrepreneurial companies and their owners.
