Compass Group Equity Partners has sold The Allied Group to Lab Logistics, a portfolio company of Atlantic Street Capital

The Allied Group

Founded in 1946, The Allied Group provides a comprehensive suite of services including design, print, assembly and fulfillment of over 2.5 million diagnostic kits annually as well as associated collateral for healthcare and life science companies. Specimen collection kits are used for RNA, DNA and genetic screening; hereditary disease detection; genome testing and other analyses. The Allied Group operates from an FDA-approved assembly facility with fulfillment centers able to serve North America and Europe with prompt response times, a full track and traceability through a customer portal. The Allied Group is headquartered in Cranston, Rhode Island and was a portfolio company of Compass Group Equity Partners.

The Deal

During Compass Group’s ownership, The Allied Group realized significant growth, especially in the diagnostic kitting end market. Given the significant overlap in capabilities, culture and vision, Lincoln connected The Allied Group and Lab Logistics to explore a potential mutually beneficial transaction.

Our Perspective

Tony Crisman, Managing Director in Lincoln’s Healthcare Group, commented, “It was a privilege to work with the Compass and Allied teams in identifying the right partner for continued growth. There is a strong cultural alignment between Lab Logistics and Allied, centered around customer service excellence, which will ensure continued success as the best-in-class specimen management solutions provider.”

Compass Group Equity Partners

Compass Group Equity Partners, founded in 2015, is a St. Louis-based private equity firm with a successful track record in partnering with and building lower mid-market companies. By leveraging the firm’s operational, financial and strategic expertise, Compass Group provides hands-on support and resources to aid management teams in exceeding historical performance and accelerating growth.

Lab Logistics

Founded in 2012, Lab Logistics provides mission critical supplies, kitting and asset-light same day logistics solutions, exclusively focused on the medical laboratory and hospital industries, serving university health systems, independent laboratories, contract research organizations and national health systems. The company is noted for its leading technology and customized software that allows for real-time ordering as well as tracking of courier and specimen locations and route optimization. Lab Logistics is based in West Haven, Connecticut.

Atlantic Street Capital

ASC is a private equity firm that invests in lower mid-market companies poised for the next level of growth. The firm targets entrepreneurial management partners and fundamentally sound companies between $4 million and $25 million of EBITDA that will benefit from capital investment and ASC’s value-added strategic and operational support. As a result, ASC works closely with management to unlock their business’ underlying value and help them succeed.

Compass Group Equity Partners Allied Group Lab Logistics Atlantic Street Capital 2022
  • 2022
    Close Year
  • Healthcare
    Industry
  • Private Equity
    Client Type
  • Strategic | Domestic
    Transaction Type
  • USA
    Country
Lincoln has been a value-add partner and advisor to Compass for years. It started back in 2019 during our due diligence process when we first acquired Allied. Since that time, we have relied on Lincoln to keep us abreast of the trends and drivers within the healthcare and life science industries. When the time was right for Allied to turn the page, Lincoln brought numerous options to the table, allowing both Compass and management to pick the right partner for Allied’s next chapter.
Chris Gibson
Managing Director at Compass Group

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Any information or testimonials contained in this post may not be representative of the experience of other clients and is no guarantee of future performance or success.