COLUMBIA, S.C.--(BUSINESS WIRE)--The investment banking firm of Morgan Joseph TriArtisan LLC advised AVANTech, Inc., of Columbia, SC, on its recently reached definitive agreement with Knoxville, TN-based Diversified Technologies Services, Inc. (DTS) to integrate their capabilities. The expanded company will offer specialized radioactive, hazardous and non-hazardous liquid treatment, products and services worldwide. Terms of the transaction were not disclosed.

Upon completion of the transaction DTS will become a division of AVANTech and will continue to expand in its Knoxville, TN manufacturing and service facility. AVANTech, will continue to focus on water management services and reducing costs and waste products. Its engineering, design and manufacturing capabilities will be fully integrated with DTS’s field services, system leasing and products to provide coordinated solutions to the nuclear and power industry. Together the two companies have provided products and services to over 150 nuclear facilities in 14 different countries.

AVANTech’s corporate headquarters will remain in Columbia, SC but in December will move to a new facility with three times its current manufacturing and office space in response to rapid growth and increased client demand. All current employees of both DTS and AVANTech will remain with the company. Jim Braun will continue to serve as AVANTech’s President and Chuck Jensen will serve as Executive Vice-President.

Jim Braun remarked, “This transaction between industry leaders doubles AVANTech’s capacity and provides us with key operations personnel and products needed to provide full services to the utility radioactive waste market, and rounds out our complete offering. We are especially appreciative for the valuable assistance we received from the team at Morgan Joseph TriArtisan in helping us to realize this important new milestone in our company’s continued growth.”

Stephen Clarke, a Morgan Joseph TriArtisan managing director, led the team that advised AVANTech. Dan Fritze and Tom Brumgardt from the law firm of Nelson Mullins Riley & Scarborough LLP provided legal advice.

About AVANTech

AVANTech, Inc. is a comprehensive radioactive and industrial water treatment solutions provider. Their extensive experience in engineering process systems enables them to create integrated solutions that dramatically improve operations in industrial, government, commercial and nuclear power applications. The combined company has a number of patented technologies and products. To learn more about AVANTech visit www.AVANTechinc.com or DTS at www.DTS9000.com.

About Morgan Joseph TriArtisan LLC

Morgan Joseph TriArtisan LLC (www.mjta.com) is an investment and merchant bank engaged in providing financial advice, capital raising and private equity investing. The firm’s services include mergers and acquisitions, in addition to private placements and public offerings of equity and debt.