Announced
Completed
Financials
Tags
Biotechnology
Acquisition
Friendly
Majority
Single Bidder
Completed
Private
microbiological diagnostics
Private Equity
United States
Synopsis
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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