Alliance Source Testing, LLC (“Alliance”), portfolio company of Align Capital Partners, has completed its fourth add-on acquisition with the purchase of METCO Environmental (“METCO”) from TestAmerica, a subsidiary of Eurofins Scientific (Ticker: ERFSF). METCO provides source emission testing (stack testing) services to customers throughout the United States with a focus in the South. Eurofins is an international group of laboratories headquartered in Luxembourg, providing testing and support services to the pharmaceutical, food, environmental, agriscience, and consumer products industries.
Alliance is a provider of source emissions testing solutions to customers throughout the United States. Alliance is a portfolio company of Align Capital Partners, a private equity firm focusing on the US and Canada in the sectors of specialty manufacturing, business services, and value-added distribution.
Acquiring METCO was an important next step for Alliance, who is actively investing in growth to build a national, best-in-class stack testing platform. METCO significantly bolsters Alliance’s growing presence across the Gulf Coast and Nationally when responding to complex, challenging source testing projects. In addition, the partnership increases the services that Alliance Source Testing is able to provide to customers, such as increased on-site analytical capabilities and experience with large-scale, complex testing campaigns.
Together, Alliance and METCO have a strong national footprint of 13 offices and over 200 employees located in Texas, Louisiana, Alabama, Alaska, Arkansas, Colorado, Iowa, Pennsylvania, Virginia, and Utah with attractive geographic density in the key Gulf Coast region and the technical expertise to serve a diverse range of end markets.
EC M&A acted as an advisor to the seller on this transaction.