M&A Deal Summary

Element Materials Technology Acquires Analytical Lab Group

On July 27, 2020, Element Materials Technology acquired test/measurement equipment company Analytical Lab Group from Thompson Street Capital Partners

Acquisition Highlights
  • This is Element Materials Technology’s 10th transaction in the Test/Measurement Equipment sector.
  • This is Element Materials Technology’s 13th transaction in the United States.
  • This is Element Materials Technology’s 3rd transaction in Minnesota.

M&A Deal Summary
Date 2020-07-27
Target Analytical Lab Group
Sector Test/Measurement Equipment
Buyer(s) Element Materials Technology
Sellers(s) Thompson Street Capital Partners
Deal Type Add-on Acquisition

Target

Analytical Lab Group

Eagan, Minnesota, United States
Analytical Lab Group is an independent provider of materials and product qualification testing, inspection and certification services to the global Aerospace; Transportation & Industrials; Energy; and Fire & Building Products sectors. Analytical Lab Group was formed in 2006 and is based in Eagan, Minnesota.

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Buyer(S) 1

Buyer

Element Materials Technology

London, United Kingdom
Category Company
Founded 2011
Sector Test/Measurement Equipment
DESCRIPTION

Element Materials Technology is a provider of testing, inspection, and certification services for a diverse range of products, materials, and technologies in advanced industrial supply chains where failure in use is not an option. The company's scientists, engineers, and technologists, working in our global network of over 200 laboratories, support customers from early R&D, through complex regulatory approvals, and into production ensuring their products are safe and sustainable, and achieve market access. Element Materials Technology was formed in 2011 and is based in London.

DEAL STATS #
Overall 22 of 38
Sector (Test/Measurement Equipment) 10 of 17
Type (Add-on Acquisition) 17 of 31
State (Minnesota) 3 of 3
Country (United States) 13 of 22
Year (2020) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-13 Plastometrex

Cambridge, United Kingdom

Plastometrex is a technology start-up, which develops technical and software-led solutions for testing in material science. The company is pioneering alternative techniques to conventional mechanical testing methods that utilize advanced numerical modeling, optimization algorithms, and machine learning to accurately predict plasticity, residual stresses, and creep parameters from indentation test data. The software-driven approach complements traditional destructive testing methods, providing faster, highly automated, and more cost-effective supply chain assurance across a range of end markets. Plastometrex was formed in 2018 and is based in Cambridge, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-03 Avomeen

Ann Arbor, Michigan, United States

Avomeen LLC is a full-service chemical testing laboratory with unique product testing and formulation development expertise. The Company specializes in deformation analysis (reverse engineering), research and development support, stability testing, litigation support services, failure analysis, and pharmaceutical analysis and testing. Avomeen was founded in 2010 and is based in Ann Arbor, Michigan.

Buy -

Seller(S) 1

SELLER

Thompson Street Capital Partners

St. Louis, Missouri, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2001
PE ASSETS 2.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Thompson Street Capital Partners is a private equity firm that targets control stakes in profitable, mid-sized North American companies with $5 to $20 million of EBITDA. Thompson Street looks for family businesses, private companies seeking liquidity, corporate divestitures, and public companies going private. Areas of interest include healthcare services, business services, electronics, information technology, and engineered products companies. Thompson Street will not consider investments in start-ups, early stage companies, or real estate. Thompson Street Capital was founded in 2000 and is based in St. Louis, Missouri.

DEAL STATS #
Overall 29 of 47
Sector (Test/Measurement Equipment) 1 of 1
Type (Add-on Acquisition) 14 of 24
State (Minnesota) 3 of 4
Country (United States) 29 of 47
Year (2020) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-13 PKWARE

Milwaukee, Wisconsin, United States

PKWAR is a provider of encryption and compression software, offering data security solutions incorporating data discovery, classification, and protection in automated, policy-driven workflows. PKWARE was founded in 1986 and is based in Milwaukee, Wisconsin.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-01 The Payment Group

Dallas, Texas, United States

The Payment Group LLC is a provider of court, utility and other payments solutions to municipal governments throughout the southern United States. The Payment Group was founded in 2003 and is based in Dallas, Texas.

Sell $21M
Mergr

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