M&A Deal Summary

Eurofins Scientific Acquires Barrow-Agee

On February 16, 2022, Eurofins Scientific acquired test/measurement equipment company Barrow-Agee from Align Capital Partners

Acquisition Highlights
  • This is Eurofins Scientific’s 11th transaction in the Test/Measurement Equipment sector.
  • This is Eurofins Scientific’s 29th transaction in the United States.
  • This is Eurofins Scientific’s 1st transaction in Tennessee.

M&A Deal Summary
Date 2022-02-16
Target Barrow-Agee
Sector Test/Measurement Equipment
Buyer(s) Eurofins Scientific
Sellers(s) Align Capital Partners
Deal Type Add-on Acquisition

Target

Barrow-Agee

Memphis, Tennessee, United States
Barrow-Agee is an FDA-registered and ISO-certified provider of testing solutions to North American food manufacturers, suppliers, and distributors. Barrow-Agee’s highly-trained scientists utilize current technology to conduct a variety of client tests with core expertise in food safety, microbiology, nutrients, ingredients, fats and oils, pesticide residue analysis, heavy metals, inorganic analysis, and animal feed tests. Barrow-Agee was founded in 1917 and is based in Memphis, Tennessee.

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Buyer(S) 1

Buyer

Eurofins Scientific

Luxembourg, Luxembourg
Category Company
Founded 1987
Sector Life Science
Employees62,000
Revenue 6.5B EUR (2023)
DESCRIPTION

Eurofins Scientific is an international group of laboratories providing a unique range of analytical testing services to the pharmaceutical, food, environmental and consumer products industries and to governments. Eurofins Scientific was incorporated in 1987 and is based in Luxembourg City.

DEAL STATS #
Overall 90 of 98
Sector (Test/Measurement Equipment) 11 of 11
Type (Add-on Acquisition) 66 of 73
State (Tennessee) 1 of 1
Country (United States) 29 of 31
Year (2022) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-09 Genetic

Hanoi, Vietnam

Gentis is a specialized genetic testing service provider founded on the principle that technological advancements in DNA testing should be accessible and affordable to everyone. The company provides comprehensive specialized DNA testing services including obstetrical genetics; genealogical DNA tests; oncology; and COVID-19 testing services. It has grown strongly with a reputation for outstanding quality and has become the trusted service provider for more than 100 major hospitals in Vietnam, as well as consumers. Gentis is based in Hanoi, Vietnam.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-29 WESSLING

Budapest, Hungary

WESSLING is an operator of environmental, food, and BioPharma product testing laboratories. WESSLING was founded in 1992 and is based in Budapest, Hungary.

Buy -

Seller(S) 1

SELLER

Align Capital Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2016
PE ASSETS 1.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Align Capital Partners is a private equity firm focused on growth-oriented companies with recurring products and services. Align will consider companies with $3 to $15 million of EBITDA headquartered in the US or Canada. Sectors of interest include aerospace, defense, medical products, energy services, business services, chemicals, packaging, building materials, transportation, utility products/services, niche manufacturing, and value-added distributors. Align Capital Partners is based in Dallas, Texas.

DEAL STATS #
Overall 5 of 9
Sector (Test/Measurement Equipment) 2 of 2
Type (Add-on Acquisition) 3 of 5
State (Tennessee) 1 of 1
Country (United States) 5 of 9
Year (2022) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-21 We Are Rosie

Chattahoochee Hills, Georgia, United States

We Are Rosie is an independent marketing experts, available on-demand to augment, complement, backfill, or accelerate in-house team and capabilities. We Are Rosie was founded in 2018 and is headquartered in Atlanta, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-02 Protegis Fire & Safety

Independence, Ohio, United States

Protegis Fire & Safety provides inspection, maintenance, installation, and repair services and sells new, repaired, and remanufactured parts for fire and security systems and equipment. Protegis’s team of professional engineers/designers and NICET-certified technicians design, install and program a wide variety of fire and security alarm brands. Protegis’s national footprint and one-stop solution attract customers seeking to simplify their fire safety services spend and increase service quality through vendor consolidation. Protegis Fire & Safety was founded in 2019 and is based in Independence, Ohio.

Sell -
Mergr

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