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Asset Intense M&A
Total Resource Management (TRM), a management and technical consultancy specializing in asset management, has announced its purchase of Quality Systems (QSI), also a vendor of asset management consulting services, terms undisclosed.
TRM, based in Alexandria, VA and generating sales of about $20 million, serves government, transportation, manufacturing and utility markets. QSI, based in Birdsboro, PA, specializes in power generation and transmission and distribution (T&D) clients.
The two companies had earlier entered into a co-marketing alliance, and both implement and enhance MAXIMO software, published by MRO Software and installed at 8,000 sites across various asset-intensive industries.
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