scientist, doctor, asistent working at the laboratory using pipette

Nolan & Associates is pleased to announce that it exclusively advised Thompson Street Capital Partners’ Portfolio Company, Analytical Lab Group, in its Acquisition of Microbiology & Quality Associates.

“This is our third successful acquisition with Nolan for our portfolio company, Analytical Lab Group. By partnering with Nolan’s team, we have been able to keep our focus on our laboratory businesses, while Nolan has worked to locate and advise on additional acquisition opportunities in this space that are well-aligned with our strategic goals.” – Matt Scherrer, Managing Director, Thompson Street Capital Partners

St. Louis, MO – (September 27, 2017) Nolan & Associates exclusively advised Thompson Street Capital Partners’ (TSCP) Portfolio Company, Analytical Lab Group (ALG), in its Acquisition of Microbiology & Quality Associates (MQA).

About Our Client: Thompson Street’s Portfolio Company ALG

  • Thompson Street Capital Partners, a private equity firm in St. Louis with $1.5 billion of assets under management, is the owner of ALG, a group of FDA and EPA-focused laboratories across the US.
  • The ALG team of experts provide an infection prevention focus to ensure the most comprehensive testing solutions including microbiological examination, sterility, batch release, preservative effectiveness and environmental testing to the healthcare, drug and consumer product industries.
  • ALG is made up of two companies – Accuratus Lab Services and Microbiology Research Associates (MRA).
  • Accuratus Lab Services has become a trusted leader in the antimicrobial space. Accuratus Lab Services partners with developers and manufacturers to support product development and claims for EPA submission and FDA approval. Accuratus Lab Services is a GLP compliant laboratory and is considered a top global provider of Antimicrobial efficacy testing services and serves the Medical Device, Pharmaceutical, Cosmetic and Personal Care industries.
  • MRA has become a reliable partner and consultative extension to the cGMP microbiology and testing industry. MRA partners with CMOs, CDMOs, medical device, biotechnology, pharmacy, biopharma, cosmetic and health care industries to provide FDA compliance expertise and testing solutions. MRA is a cGMP, ISO 9001:2008 certified and FDA-registered contract laboratory.

Objectives of Thompson Street’s Portfolio Company ALG

  • Thompson Street engaged Nolan to find additional companies in the Contract Research Organization (CRO) space that provide preclinical research in a laboratory environment, drug trial logistics and analysis support, or commercialized drug manufacturing and compounding support.
  • CROs work with the pharmaceutical, biotechnology and medical device industries by providing outsourced research services on a contract basis.
  • Additionally, Thompson Street was interested in labs that provide microbiology laboratory research and testing services to FDA/USP-regulated industries.

Solution: Acquisition of Microbiology & Quality Associates

  • Founded in 2006 and located in the San Francisco Bay Area, MQA works with life sciences companies by providing services including Testing Laboratories, Validation and Calibration and Manufacturing.
  • MQA works with a wide variety of companies in the biotechnology, pharmaceutical, medical device, nutritional product, dialysis centers, and semiconductor industries. They are FDA-inspected and registered, ISO 17025 accredited, 9001 compliant and have a Quality System that complies with GxP regulations.
  • MQA’s philosophy is to do things right the first time, use the best science, and provide top quality results to their clients. Their staff has many years of experience at pharmaceutical, biotechnology and medical device companies.

Result’s of Nolan’s Buy Side Process

  • To meet Thompson Street’s objectives, Nolan investigated the laboratory services market for the highest quality and most applicable ALG add-on opportunities, and then presented those companies that best aligned with the strategic goals of Thompson Street.
  • MQA will join MRA and Accuratus as the third leg of ALG’s portfolio of laboratories serving the antimicrobial, pharmaceutical, medical device and healthcare industries. As with ALG’s previous acquisitions, MQA’s management team and lab will remain the same.
  • This acquisition greatly increases ALG’s reach, with a footprint on the West Coast, and allows ALG to offer even more testing services to the pharmaceutical industry. MQA’s strong reputation, talented team working in its lab and long tradition of value combined with excellent customer support was a perfect fit with the ALG culture.
  • Nolan also advised Thompson Street on the acquisitions of MRA and Accuratus. MQA is Nolan’s fourth transaction with Thompson Street in two years.

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.

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