UPDATE: Hunter Wise Securities, LLC Advises in the Acquisition of Regional Toxicology Services, LLC
24 Apr, 2012, 04:29 ET
SALT LAKE CITY, April 24, 2012 /PRNewswire/ -- Hunter Wise Securities, LLC, and Craig Primo, Managing Director, are pleased to announce that Regional Toxicology Services, LLC d/b/a Sterling Reference Laboratories ("Sterling") (www.sterlingreflabs.com) in Tacoma, Washington, has been purchased by Sterling Healthcare Holdings, LLC, a portfolio company of Waud Capital Partners ("WCP") (www.waudcapital.com) of Chicago, Illinois.
Sterling is a fast growing full-service toxicology services laboratory serving criminal justice, substance abuse, medication monitoring and employment testing clients nationwide. WCP is a growth-oriented middle market private equity firm with substantial expertise and a track record of proven success in the healthcare services sector.
Mr. Primo has significant experience with consumer product companies, wireless telecom and laboratories. "The Sterling transaction is an example of how experience can be the difference between success and failure in an improving – but still fragile – M&A market," said Mr. Primo. "We are pleased at the efficiency and velocity of our campaign – getting it done in eight months from engagement to closing. We think our experience, professional process and commitment to leading technology tools delivered a great result for our client."
Hunter Wise Securities, LLC, is an international FINRA licensed investment bank providing the highest level of corporate financing, merger, acquisition, divestiture and advisory services. The Company's clients include small to medium-sized public companies, as well as selected middle market, privately-help businesses. Hunter Wise has 13 offices in the U.S. as well as offices in China and the United Kingdom.
Hunter Wise Securities, LLC
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SOURCE Hunter Wise Securities, LLC
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