M&A Deal Summary

Intertek Acquires Alchemy Systems

On August 3, 2018, Intertek acquired education company Alchemy Systems from The Riverside Company for 480M USD

Acquisition Highlights
  • This is Intertek’s 1st transaction in the Education sector.
  • This is Intertek’s 3rd largest (disclosed) transaction.
  • This is Intertek’s 28th transaction in the United States.
  • This is Intertek’s 7th transaction in Texas.

M&A Deal Summary

Date 2018-08-03
Target Alchemy Systems
Sector Education
Buyer(s) Intertek
Sellers(s) The Riverside Company
Deal Type Add-on Acquisition
Deal Value 480M USD

Target

Alchemy Systems

Austin, Texas, United States
Alchemy Systems LP is a training and educational technology company provides an innovative solutions that help food and retail companies engage with their workforces to drive productivity and safety. Alchemy Systems was founded in 2003 and is based in Austin, Texas.

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Buyer(S) 1

Buyer

Intertek

London, United Kingdom

Category Company
Founded 1885
Sector Business Services
Employees43,597
Revenue 3.3B GBP (2023)
DESCRIPTION

Intertek provides global testing, inspection, and certification services. The Company provide 24/7 mission-critical quality assurance solutions to our clients to ensure that they can operate with well-functioning supply chains in each of their operations. Intertek was founded in 1885 and is based in London, England.


DEAL STATS #
Overall 86 of 91
Sector (Education) 1 of 1
Type (Add-on Acquisition) 69 of 73
State (Texas) 7 of 7
Country (United States) 28 of 29
Year (2018) 5 of 5
Size (of disclosed) 3 of 45
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-07 NTA Monitor

Kent, United Kingdom

NTA Monitor is a provider of information security services, that offers training, penetration testing and certification services. With a focus on specialist, cost-effective, and independent advice, NTA holds several accreditations, including CREST, CHECK, PCI ASV and Cyber Essentials. NTA Monitor was founded in 1997 and is based in Kent, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-13 SAI Global Assurance

Australia

SAI Global Assurance is a provider of assurance services including management systems certification and second party audits across a wide variety of end-markets to more than 60,000 customers in c.130 countries.

Buy AU$855M

Seller(S) 1

SELLER

The Riverside Company

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1988
PE ASSETS 5.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Riverside Company is a global private equity firm that seeks investments in profitable lower middle-market companies valued under $400 million. Riverside looks to invest in growth businesses headquartered in North America, Europe, and Asia (primarily Japan and South Korea), that have been in operation for at least five years. Riverside targets investments in a wide array of industries including distribution, automotive, healthcare, education, manufacturing, software, consumer services, plastics, publishing, food, communications, marine, and business services. Riverside was formed in 1988 and is based in New York City.


DEAL STATS #
Overall 140 of 191
Sector (Education) 7 of 11
Type (Add-on Acquisition) 57 of 82
State (Texas) 8 of 12
Country (United States) 100 of 133
Year (2018) 11 of 17
Size (of disclosed) 2 of 21
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-02 Specialized Medical Services

Milwaukee, Wisconsin, United States

Specialized Medical Services, Inc. is a provider of quality oxygen and nutritional supplement products and consulting services to long-term, renal and oncological healthcare organizations. Healthcare organizations range from hospitals, dialysis and oncology clinics to nursing homes, hospices and rehabilitation agencies. The investment was exited via a recapitalization transaction.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-20 Hiway Group

Auckland, New Zealand

Hiway Group provides solutions for road, rail and pavement stabilization, slip and slope reinforcement, soil mechanics, geotechnical design and contamination remediation. The Hiway Group Ltd. was founded in 1982 and is based in Auckland, New Zealand.

Buy -