News + Media

6/12/25

Clarion 
Capital 
Partners 
Launches 
New 
Infrastructure 
Testing 
Platform 
Through 
Investment 
in 
International 
Cybernetics 
Clarion Capital Partners Launches New Infrastructure Testing Platform Through Investment in International Cybernetics

NEW YORK, NY, June 12, 2025 – Clarion Capital Partners, LLC (“Clarion” or the “Firm”) today announced it has invested in International Cybernetics (“ICC”), an infrastructure management firm alongside management and ICC shareholders. Clarion has been actively pursuing investments in the Testing, Inspection, Certification and Compliance (“TICC”) industry.

The partnership positions ICC to continue building on the company’s service offerings that already have made it a leader in technology-enabled infrastructure management in the U.S. and Canada. The firm provides roadway pavement condition surveys and structural testing services, equipped with proprietary software, that are integral to state and local governments’ cost-effective safety maintenance and management of their road and sidewalk networks.

Clarion partnered with Mustafa Temiz, a former executive with SGS and Intertek, to build a TICC services platform through an acquisition strategy focused on servicing the full value chain of modern mobility infrastructure. The platform seeks to provide mission-critical field testing, inspection, and consulting engineering services to the surface transportation and electrical infrastructure markets. Clarion views ICC as a cornerstone of the broader TICC platform.

"Clarion is excited to begin this new partnership with International Cybernetics, a company with a nearly 50-year history,” said Clarion Partner, Eric Kogan. “ICC’s focus on delivering timely and high-quality data collection to a growing number of government agencies across the U.S. and Canada aligns perfectly with our vision for a broader TICC platform. It’s clear that ICC is more than just a service provider— it is a trusted partner to cities and states/provinces across North America. We look forward to creating long-term value with the ICC team.”

“I’m thrilled by the capabilities that ICC will add to the TICC platform and the positive momentum this acquisition demonstrates as we continue to expand the enterprise,” said Temiz, who will oversee the combined businesses. “I am looking forward to welcoming the ICC team and am excited about the industry-leading offerings we can build together.”

Michael Nieminen will continue serving as ICC’s CEO. With his two decades of engineering expertise and leadership, Nieminen united a team dedicated to revolutionizing road data collection and analysis with the 2022 partnership with Infrastructure Management Services (“IMS”).

ICC’s services are helping extend the life of an American road system that is under significant strain. The nation’s roads received a D+ grade in 2025 survey by the American Society of Civil Engineers, with over 39 percent of major roads in poor or mediocre condition.

ICC was represented in the transaction by Morrissey Goodale as its financial advisor, and Frederikson, Byron P.A. as legal counsel. Brownstein Hyatt Farber Schreck, LLP represented Clarion while Stellus Capital Management provided financing for the deal.

About Clarion

Founded in 1999, Clarion is a New York-based investment manager operating two primary business segments: Private Equity (launched in 1999) and Structured Credit (launched in 2018). Clarion’s private equity business seeks to make primarily control investments in a diversified portfolio of lower middle-market companies generating $7.5 to $30.0 million of EBITDA. Clarion focuses on growth companies in industries such as Media, Entertainment & Technology, Financial Technology & Services, Business, Healthcare & Industrial Services, and Consumer. Clarion’s structured credit business focuses mostly on CLO equity and mezzanine investments, sourced both in the primary and secondary markets. Additional information on Clarion can be found at www.clarion-capital.com.

About International Cybernetics

International Cybernetics is a technology-enabled infrastructure management firm based in Largo, Florida. It offers software-powered roadway pavement condition surveying, structural testing and consulting services across the United States and Canada and sells its equipment globally. ICC manufactures road condition measurement systems that use proprietary software to collect data about governments’ road networks. More information on ICC can be found at www.icc-ims.com.