M&A Deal Summary

First Capital and Genesis Park Acquire Fastest Labs

On April 18, 2023, private equity firms First Capital and Genesis Park acquired test/measurement equipment company Fastest Labs

Acquisition Highlights
  • This is First Capital’s 1st and Genesis Park’s 1st transaction in the Test/Measurement Equipment sector.
  • This is First Capital’s 8th and Genesis Park’s 22nd transaction in the United States.
  • This is First Capital’s 3rd and Genesis Park’s 17th transaction in Texas.

M&A Deal Summary

Date 2023-04-18
Target Fastest Labs
Sector Test/Measurement Equipment
Buyer(s) First Capital
Genesis Park
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Boxwood Partners (Financial)

Target

Fastest Labs

San Antonio, Texas, United States
Fastest Labs is a provider of drug, alcohol, and DNA testing services, offering fast and accurate results for individuals, businesses, and government agencies. Fastest Labs was founded in 2008 and is based in San Antonio, Texas.

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Buyer(S) 2

DESCRIPTION

LP First Capital is a private investment group focused on buy and build situations. The Firm will consider minority or majority positions in profitable platform companies with $1 to $20 million of EBITDA. Target sectors include business services, consumer services, healthcare services, education, and niche manufacturing. LP First Capital was formed in 2018 and is headquartered in Austin, Texas.


DEAL STATS #
Overall 8 of 9
Sector (Test/Measurement Equipment) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 1 of 2
State (Texas) 3 of 3
Country (United States) 8 of 9
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-15 Cascade Services

Tampa, Florida, United States

Cascade Services is a premier residential tri-trade services platform. Cascade offers HVAC, plumbing, and electrical contractors with best-in-class residential service technicians across the Southern United States. Cascade Services was founded in 2022 and is based in Tampa, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-29 Northpoint

Salt Lake CIty, Utah, United States

Northpoint is a national single-family rental property management company that manages 8,100+ homes for retail and institutional investors across 40+ regions and 22 states. The company provides full-service property management, in-house maintenance, real estate brokerage, and institutional back-office services to its clients. Northpoint was formed in 2006 and is based in Salt Lake CIty, Utah.

Buy -
Buyer

Genesis Park

Houston, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
Size Small
Type Sector Agnostic
DESCRIPTION

Genesis Park is a private equity firm focused on lower middle-market opportunities. Transaction situations of interest include growth capital financings, carveouts, buyouts, special situations, and helping founder/family companies. The Firm has a preference for majority control, but will consider select minority investments. Prospective businesses are generally profitable ($2 to $20 million) with $5 to $100 million of revenue. Genesis Park was formed in 1999 and is headquartered in Houston, Texas.


DEAL STATS #
Overall 23 of 23
Sector (Test/Measurement Equipment) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 10 of 10
State (Texas) 17 of 17
Country (United States) 22 of 22
Year (2023) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-05 Le Sueur

Le Sueur, Minnesota, United States

Le Sueur is a supplier of complex precision aluminum castings and plastic injection molded components. Le Sueur was founded in 1946 and is based in Le Sueur, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-20 Estis Compression

Kilgore, Texas, United States

Estis Compression is a vertically integrated manufacturer and rental provider of compression equipment for use in upstream oil and gas operations. Estis Compression is based in Kilgore, Texas.

Sell -