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Eddyfi/NDT acquires Dynamic Risk Assessment Systems

Date Closed

March 31, 2021

Lead Office


On March 31, 2021, Calgary-based Dynamic Risk Assessment Systems Inc. was acquired by Eddyfi/NDT. Under the terms of the acquisition, Dynamic Risk will remain a separate entity and become Eddyfi/NDT's fourth platform and business unit. The transaction was partly financed by a bank syndicate led by National Bank of Canada, as well as Investissement Québec.

Eddyfi/NDT is a leading global provider of Non-Destructive Testing (NDT) technologies for customers in mining, aerospace, oil & gas, transportation and power.

Dynamic Risk provides technology-enabled integrity risk management and compliance services and software to the energy sector.

McCarthy Tétrault advised Eddyfi/NDT with a team led by Karl Tabbakh and Charles-Antoine Soulière that included Farhiyah Shariff, Mathieu Dubord, Marc-Antoine Addoumie, Firuz Rahimi, Ashley Wilson, Kelsey Franks, Éloïse Gagné, Vincent Laurin, Eve Tessier and Hilary Smith (Business), Jade Buchanan (Technology), Danielle Douglas and Justin Turc (Labour & Employment), Kimberly Howard (Regulatory), Cindy Vaillancourt (Environment), Deron Waldcock (Pensions & Benefits), Vincent Yip (Intellectual Property), Elizabeth Rafferty (Real Property & Planning), and Dominic Thérien (Competition/Antitrust).