Generational Equity Announces the Acquisition of Testing Services Group LLC by SGS North America Inc.
DALLAS, May 19, 2015 /PRNewswire/ -- Generational Equity, a leading mergers and acquisitions advisor for privately-held, middle-market businesses, is pleased to announce the acquisition of its client, Testing Services Group LLC (TSG), headquartered in Lapeer, Michigan, by SGS Group, headquartered in Geneva, Switzerland. The acquisition closed on May 8, 2015.
TSG is a leading provider of fuel systems testing for global customer in the automotive, small engine, marine, portable fuel container and U.S. government markets. TSG features the largest installed base of mini- and micro-SHED systems for evaporative emissions measurements in North America and works closely with the U.S. environmental Protection Agency and the California Air Resources Board on the development of new test procedures in this area. To learn more, visit www.tsglabs.com.
Fred Zweifel Vice President of Mergers & Acquisitions, led the Generational Equity deal team that advised TSG on the transaction. "This transaction was the perfect acquisition for both SGS and TSG to further expand SGS' automotive testing services," stated Zweifel.
SGS is the world's leading inspection, verification, testing and certification company. SGS is recognized as the global benchmark for quality and integrity. "I am very pleased with this new automotive services acquisition. It further diversifies our testing services offering to the North American automotive R&D industry, at the very heart of the Detroit hub," said Frankie Ng, CEO of SGS. To learn more, visit www.sgs.com.
About Generational Equity
Generational Equity provides mergers, acquisitions, strategic growth advisory services, and information for privately held and family-owned businesses to exit their companies successfully. Generational Equity uses a four-phase approach that includes education, financial analysis and reporting, sales documentation and deal-making ability to offer business owners an unparalleled level of commitment and experience, all focused on helping to release the generational equity and wealth in every business. Generational Equity is headquartered in Dallas, TX, has more than 200 professionals in North America, and was recently recognized by the M&A Advisor as the Valuation Firm of the Year. For more information visit the following websites at www.genequityco.com, www.gecpress.com or http://blog.genequityco.com/.
For more information:
Jessica Mead
972-232-1100
[email protected]
SOURCE Generational Equity
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