M&A Deal Summary

SGS Acquires Galson Laboratories

On August 27, 2014, SGS acquired business services company Galson Laboratories from Bolder Capital and The Edgewater Funds

Acquisition Highlights
  • This is SGS’s 1st transaction in the Business Services sector.
  • This is SGS’s 6th transaction in the United States.
  • This is SGS’s 1st transaction in New York.

M&A Deal Summary
Date 2014-08-27
Target Galson Laboratories
Sector Business Services
Buyer(s) SGS
Sellers(s) Bolder Capital
The Edgewater Funds
Deal Type Add-on Acquisition
Advisor(s) Harris Williams (Financial)

Target

Galson Laboratories

East Syracuse, New York, United States
GAL Services, Inc. is a full service provider of analytical air testing services to evaluate and monitor workplace safety.

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Buyer(S) 1

Buyer

SGS

Geneva, Switzerland
Category Company
Founded 1878
Sector Test/Measurement Equipment
Employees94,938
Revenue 6.6B CHF (2023)
DESCRIPTION
Entrance to SGS' headquarters in Geneva, Switzerland.
Entrance to SGS' headquarters in Geneva, Switzerland.

SGS is a provider of inspection, verification, testing and certification services. SGS is recognized as the global benchmark in quality and integrity. SGS was founded in 1878 and is based in Geneva, Switzerland.

DEAL STATS #
Overall 7 of 33
Sector (Business Services) 1 of 6
Type (Add-on Acquisition) 6 of 26
State (New York) 1 of 2
Country (United States) 6 of 14
Year (2014) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-02 SGS Commercial Aging Services

Taylor, Michigan, United States

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-19 Testing Services Group

Lapeer, Michigan, United States

Testing Services Group LLC is a provider of fuel systems testing for global customer in the automotive, small engine, marine, portable fuel container and U.S. government markets.

Buy -

Seller(S) 2

SELLER

Bolder Capital

Lakewood, Colorado, United States
Category Private Equity Firm
Founded 2004
Size Small
Type Sector Agnostic
DESCRIPTION

Bolder Capital is a private equity group that invests in lower middle-market manufacturing and service oriented businesses. The Group pursues companies operating in growth markets with proprietary products or technologies. Target businesses have at least $2 million of EBITDA with an enterprise value of minimum $500 million. Funds are generally used to support acquisitions/buyouts, recapitalizations and selective growth equity opportunities. Bolder Capital was formed in 2004 and is based in Chicago.

DEAL STATS #
Overall 8 of 12
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 3 of 4
State (New York) 1 of 1
Country (United States) 8 of 12
Year (2014) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-05 Amptek

Bedford, Massachusetts, United States

Amptek, Inc. is a provider in the design and manufacture of state-of-the-art nuclear instrumentation for the satellite, x-ray and gamma ray detection, laboratory, analytical, and portable instrumentation industries.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-02 Dental Services Group

St. Petersburg, Florida, United States

Dental Services Group is an operator of a full-service laboratory network with over 40 dental laboratories that offers dental prosthetic solutions, including fixed, removable, implant, orthodontic and sleep dentistry products. Dental Services Group was founded in 1989 and is based in St. Petersburg, Florida.

Sell -
SELLER

The Edgewater Funds

Chicago, Illinois, United States
Category Private Equity Firm
Founded 1991
PE ASSETS 2.8B USD
Size Large
Type Sector Agnostic
DESCRIPTION

The Edgewater Funds is a private equity firm that targets investments in profitable, middle-market growth companies. Target companies typically have revenues of $20 to $500 million in revenue and EBITDA of $5 to $30 million. The Firm will consider minority and control investments in the form of growth capital financings and traditional buyouts. Edgewater looks for North American businesses operating in a variety of industries. Sectors of interest include business services; financial and government services; consumer products and services; healthcare; IT services and software; and industrial/manufacturing. Edgewater was formed in 1991 and is based in Chicago, Illinois.

DEAL STATS #
Overall 23 of 42
Sector (Business Services) 2 of 3
Type (Add-on Acquisition) 12 of 19
State (New York) 2 of 3
Country (United States) 22 of 41
Year (2014) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-05 Amptek

Bedford, Massachusetts, United States

Amptek, Inc. is a provider in the design and manufacture of state-of-the-art nuclear instrumentation for the satellite, x-ray and gamma ray detection, laboratory, analytical, and portable instrumentation industries.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-09 State National Companies

Bedford, Texas, United States

State National Companies, Inc. is an insurance services company. State National is a provider of services to specialty general agents and collateralized lenders through its program services and lender services lines of business.

Buy -
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