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Analytical Lab Group Announces Acquisition, Appointment of Chief Executive Officer
Analytical Lab Group has recently completed an expansion of its laboratories by acquiring Microbiology & Quality Associates in the San-Francisco Bay area. In addition, ALG has appointed Alan Roth as Chief Executive Officer as the company continues to pursue additional growth opportunities.
Early on, ALG made two key investments to establish its service offering. In 2015, ALG acquired Microbiology Research Associates, based in Acton, Mass., and in 2016, ALG acquired Accuratus Lab Services, based in Eagan, Minn. The acquisition of MQA broadens ALG's service offering and provides ALG a strategic West Coast presence.
MRA is an industry leader and has provided microbiology testing, consulting, and research services to the pharmaceutical, cosmetic, medical device, biotechnology and health care industries for more than 25 years. MRA is also the leader in on-site environmental monitoring of hospital compounding pharmacies in New England. MRA has a state-of-the-art ISO 5 cleanroom with isolator and is FDA and DEA registered.
ALS is the leading global provider of antimicrobial and biocide testing services and has provided a comprehensive range of microbiology, virology, and product chemistry services to the developers, manufacturers, and users of antimicrobial products for more than 25 years.
MQA has similar testing capabilities as MRA and has provided microbiology and environmental monitoring testing services to the pharmaceutical and biotechnology industries for nearly 15 years. MQA also has capabilities for cell bank production and testing services. MQA is FDA registered and ISO 17025 accredited.
"We are excited about bringing the benefits of a West Coast presence to our existing customers, and we look forward to work with MQA to grow and expand its services to both existing and new pharmaceutical and biotechnology companies," Roth said. "MQA has a strong reputation and has a talented team working in its lab."
"We are excited to appoint Alan as CEO," said Matt Scherrer, managing director of Thompson Street Capital Partners, which is the majority owner of ALG. "Alan has a great track record for successfully integrating acquired businesses and executing successful growth strategies through combining internal growth with select acquisitions, and we look forward to having him lead ALG from the front as CEO." Roth previously served as COO and CFO of ALG portfolio companies.
Just like ALG's previous acquisitions, MQA's management team, lab, and brand will remain the same. There is no need for customers to redo any service agreements, and the customers will see the same great service from the same team and lab, just as MQA has always delivered. MQA CEO Juan Munoz said, "We are excited to join with the other ALG portfolio companies; the combined scientific experience and quality systems of the ALG portfolio companies and commitment to invest the necessary capital to continue to grow and provide adequate facilities positions MQA well to meet the needs of the growing biopharmaceutical and medical device industries that MQA has historically serviced."
About Analytical Lab Group: Analytical Lab Group portfolio companies provide a comprehensive range of microbiology, virology, product chemistry, and environmental monitoring services to the antimicrobial, pharmaceutical, medical device, and health care industries. Analytical Lab Group has laboratories throughout the United States and its portfolio companies consist of Accuratus Lab Services (Eagan, Minn.), Microbiology Research Associates (Acton, Mass.), and recently acquired Microbiology & Quality Associates (Concord, Calif.). For more information, visit www.analyticallabgroup.com.
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