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Nolan & Associates is pleased to announce that it exclusively advised Thompson Street Capital Partners and its portfolio Company, Microbiology Research Associates, in its Acquisition of Accuratus Lab Services

“The Nolan team has continued to be a great extension of our business development efforts at Thompson Street. In this particular case, it was a nice win for all given Nolan assisted us with both the platform acquisition of Microbiology Research Associates and now the add-on of Accuratus.”

                                                                                                                                  Matt Scherrer, Managing Director, Thompson Street Capital Partners

St. Louis, MO – (Aug. 31, 2016)  Nolan & Associates is pleased to announce that it advised Thompson Street Capital Partners (TSCP) and its Portfolio Company, Microbiology Research Associates (MRA), in its acquisition of Accuratus Lab Services (Accuratus).

About Our Client: Thompson Street Capital Partners

  • Founded in 2000, Thompson Street Capital Partners is a private equity firm that has managed over $1.5 billion in private equity capital.
  • From its headquarters in St. Louis, MO, TSCP has completed in excess of 100 acquisitions in more than 35 industries.
  • TSCP brings broad financial and operational knowledge to its portfolio companies to accelerate growth — both organically and through acquisitions.
  • In May 2015, Nolan advised Thompson Street in its acquisition of MRA, based in Acton, MA, outside of Boston.
  • MRA is an FDA-registered, cGMP contract laboratory specializing in product testing, validation and contamination control remediation for the Biopharma, Medical Device, Pharmacy and Cosmetic industries.

Objectives of Thompson Street / MRA

  • Following the acquisition of MRA, Nolan was engaged by TSCP to find add-on acquisitions for MRA in the Contract Research Organization (CRO) space. Management and TSCP seek CROs providing microbiology testing, preclinical lab research, drug trial logistics, commercialized drug manufacturing, compounding pharmacy support and anti-microbial testing (EPA, medical device, etc.).

Solution: Acquisition of Accuratus Lab Services

  • Accuratus Lab Services, headquartered in Eagan, MN, is a premier contract anti-microbial testing laboratory and expert partner to the developers, manufacturers and users of anti-microbial pesticide and biocide products and medical devices.
  • Accuratus was a division of Avista Pharma Solutions, Inc., a Contract Development and Manufacturing Organization (CDMO) with facilities in Durham, NC, Longmont, CO and Agawam, MA.

Buy Side Process Results

  • To meet TSCP’s top objectives, Nolan investigated the market for applicable MRA add-on opportunities, and presented those that best aligned with the investment goals of TSCP.
  • Accuratus was acquired by MRA/TSCP in September 2016, enabling the expansion of MRA’s capabilities into anti-microbial testing in the EPA and medical device segments.

About Nolan & Associates

Nolan & Associates is a boutique investment banking firm providing Mergers & Acquisitions and Capital Raise advisory services to middle market business owners and buyers.  Founded in 1976, Nolan is broadly recognized as a leading investment banking firm with Midwestern roots and global reach.  The Nolan team has completed hundreds of transactions in the middle market while working collaboratively from its offices in St. Louis, MO and Decatur, IL.

Securities offered through Middle Market Transactions, Inc.  Member: FINRA/SIPC.