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New Deal


Announced

Completed

Element Materials Technology completed the acquisition of Analytical Lab Group from Thompson Street Capital Partners.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Biotechnology

Acquisition

Friendly

Majority

Single Bidder

Completed

Private

microbiological diagnostics

Private Equity

United States

Synopsis

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Element Materials Technology, one of the world’s largest providers of materials and product qualification testing, inspection and certification services, completed the acquisition of Analytical Lab Group, a microbiology and viral lab, from Thompson Street Capital Partners, a private equity firm based in St. Louis. Financial terms were not disclosed. "Led by our talented team, ALG has become a lab of scale with the right combination of breadth of services and agility to meet clients’ needs. TSCP has been extremely supportive of organic and inorganic investments, including a recent expansion of one of our labs to conduct SARS CoV2 antimicrobial testing. ALG has become a ‘go-to’ lab amongst our customers during TSCP’s ownership period and will continue providing these same, great services," Alan Roth, ALG CEO.

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