M&A Deal Summary

SGS Acquires Applied Technical Services

On July 2, 2025, SGS acquired test/measurement equipment company Applied Technical Services from Odyssey Investment Partners for 1.3B USD

Acquisition Highlights
  • This is SGS’s 15th transaction in the Test/Measurement Equipment sector.
  • This is SGS’s largest (disclosed) transaction.
  • This is SGS’s 18th transaction in the United States.
  • This is SGS’s 1st transaction in Georgia.

M&A Deal Summary

Date 2025-07-02
Target Applied Technical Services
Sector Test/Measurement Equipment
Buyer(s) SGS
Sellers(s) Odyssey Investment Partners
Deal Type Add-on Acquisition
Deal Value 1.3B USD

Target

Applied Technical Services

Marietta, Georgia, United States
Applied Technical Services is a provider of engineering, testing, inspection, certification and compliance services. The Company’s diverse service offering helps customers maintain compliance with regulatory standards, preserve the functionality and accuracy of critical assets, and reveal important attributes of materials, products and equipment. Applied Technical Services was founded in 1967 and is based in Marietta, Georgia.

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Buyer(S) 1

Buyer

SGS

Geneva, Switzerland

Category Company
Founded 1878
Sector Test/Measurement Equipment
Employees94,938
Revenue 6.8B CHF (2024)
DESCRIPTION
Entrance to SGS' headquarters in Geneva, Switzerland.
Entrance to SGS' headquarters in Geneva, Switzerland.

SGS provides testing, inspection, and certification services for industries including agriculture, chemicals, consumer goods, energy, and transportation. The Company supports clients in verifying product quality, meeting regulatory standards, and ensuring supply chain integrity. SGS was founded in 1878 and is based in Geneva, Switzerland.


DEAL STATS #
Overall 45 of 52
Sector: Test/Measurement Equipment M&A 15 of 17
Type: Add-on Acquisition M&A Deals 38 of 44
State: Georgia M&A 1 of 1
Country: United States M&A 18 of 19
Year: 2025 M&A 11 of 18
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-06-04 H2Safety Services

Calgary, Alberta, Canada

H2Safety Services provides emergency management and health, safety, and environment (HSE) services. H2Safety Services is based in Calgary, Alberta.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-07-25 Walsh Perú

Lima, Peru

Walsh Perú provides environmental and social consulting services for sectors such as mining, energy, hydrocarbons, transportation, and water resources. The Company’s services include environmental impact assessments, audits, due diligence, environmental monitoring, and mine closure planning. Walsh Perú was founded in 1991 and is headquartered in Lima, Peru.

Buy -

Seller(S) 1

SELLER

Odyssey Investment Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 8.2B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Odyssey Investment Partners is a private equity firm that seeks control/majority investments in middle-market companies. Odyssey looks to back existing management and make investments in the form of leveraged acquisitions, growth financings and recapitalizations. Sectors of interest include industrial manufacturing, business and financial services, aerospace products and services, and 'route-based services'. Odyssey Investment Partners is based in New York, New York.


DEAL STATS #
Overall 38 of 38
Sector: Test/Measurement Equipment M&A 2 of 2
Type: Add-on Acquisition M&A Deals 9 of 9
State: Georgia M&A 2 of 2
Country: United States M&A 36 of 36
Year: 2025 M&A 2 of 2
Size (of disclosed) 1 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-05-27 Mercalis

Morrisville, North Carolina, United States

Mercalis is a provider of patient access and medication adherence support services on behalf of pharmaceutical manufacturers. Mercalis was founded in 2000 and is based in Morrisville, North Carolina.

Sell -