Baird BOS Advises on Sale of Advanced Testing Laboratory
Baird’s Business Owner Solutions (“BOS”) group recently advised Cincinnati, OH-based Advanced Testing Laboratory (“ATL”) on its sale to Bureau Veritas SA (ENXTPA: BVI) (“BV”). The acquisition of ATL accelerates BV’s Consumer Products Services division growth trajectory and provides substantial North American market penetration within the consumer products, cosmetics and personal care, pharmaceutical and medical device end markets.
On behalf of ATL, Baird BOS recommended and led a targeted auction process to a select group of credible financial and strategic buyers. Bureau Veritas proved to be the best buyer, offering both a unique cultural fit along with substantial resources to enhance ATL’s client service capabilities. The strategic combination of these companies yields a comprehensive service offering, including unique scientific sourcing solutions, advanced supply chain management, and global ESG services for Consumer Products, Cosmetics & Personal Care, and Medical Device brands.
“Baird BOS listened to my goals and tailored an efficient and effective process that yielded exceptional results for every ATL stakeholder. BOS expertly navigated the complexities of the transaction and ultimately guided me to a successful outcome.” commented Greg Neal, ATL Founder and CEO.
ATL is a leader in full-service insourced and outsourced scientific solutions for Consumer Products, Cosmetics & Personal Care, Pharmaceutical and Medical Device brands. Founded in 1987, ATL has more than 450 associates across six states.
BV is a world leader in laboratory testing, inspection, and certification services. Created in 1828, BV has more than 80,000 employees located in nearly 1,600 offices and laboratories around the globe.
About Baird Business Owner Solutions
Baird’s Business Owner Solutions team advises lower middle-market and emerging growth companies and their owners on business transition, valuation, and M&A transactions.
Leo Whitt, Managing Director
lwhitt@rwbaird.com
502-338-5736
Jackson Barefoot, Director
jbarefoot@rwbaird.com
502-588-8481
Elizabeth Egan, Associate
eegan@rwbaird.com
502-588-1185