Business Acquisition and Financial Advisor
DENVER – Englewood, Colorado-based Class VI Partners (formerly CapitalValue Advisors (“CVA”)) is pleased to announce the acquisition of SGM Biotech by Mesa Labs (NASDAQ: MLAB). Class VI Partners served as the exclusive financial advisor to SGM Biotech. “SGM is a great entrepreneurial success story of financial growth and product innovation, having consistently grown its business for the past 20+ years. We are excited for the combined team of Mesa and SGM as they continue to be a leader in the biological indicator market” said Chris Younger, Managing Director for Class VI Partners. Under the terms of the transaction, Mesa has acquired all of the outstanding shares of SGM for approximately $12,000,000 in cash. Founded in 1988, privately held SGM Biotech is a leading manufacturer of biological indicators, which are used for quality control and validation of sterilization processes. SGM’s worldwide customers include pharmaceutical and medical device manufacturers, along with hospitals, clinics and dental offices.
About SGM Biotech Business Sale
SGM Biotech is based out of Bozeman, Montana. Additional information about SGM and its products can be found at www.sgmbiotech.com. SGM shareholders John R. Gillis and Darlene Hartze noted, “Selling one’s business can be a complicated, traumatic and stressful ordeal. The knowledge, experience and professionalism exhibited by Class VI Partners was exceptional. Working with Class VI actually made this process seem easy. We are very pleased to join Mesa Labs, well respected for its product quality and customer service. We believe working with Mesa will create access to new markets and distribution channels that will enhance overall corporate objectives. We are also excited for these expanded horizons that will provide our employees greater opportunities.”
Mesa Labs Acquires SGM Biotech
Founded in 1982, Mesa Labs manufactures instruments and disposable products utilized in connection with industrial applications and healthcare. Products include DataTrace data loggers and Torqo bottle cap testing instruments for quality control applications in pharmaceutical, food, and medical device manufacturing; Medical meters used for quality control in dialysis clinics; and Raven Biological Indicators used in applications similar to SGM’s. Additional information about Mesa and its products can be found at www.mesalabs.com.
“We are delighted to welcome SGM Biotech into the Mesa organization,” said John J. Sullivan, President and CEO of Mesa Labs. “SGM has earned an enviable reputation in the BI market as an innovator and manufacturer of high quality products. By fostering collaboration between our two BI divisions, Raven and SGM, we expect to offer ever expanding product lines to meet emerging sterilization trends in both industry and healthcare. By maintaining two distinct divisions, we will be able to offer redundancy in supply that cannot be offered by any other BI manufacturer. Redundant supply is a critical factor for many of our customers who use our BIs as an integral part of their sterile manufacturing process. I look forward to working closely with the SGM team in the months ahead as they integrate into the Mesa organization.”
About Class VI Partners
Class VI provides middle-market investment banking services, including mergers and acquisitions advisory, corporate advisory, business valuation, and private capital raising services through its affiliate, Class VI Securities, LLC and Member FINRA. Class VI is also affiliated with and offers wealth management services through Class VI Family Office, LLC, a Registered Investment Advisor with the Securities & Exchange Commission.
SGM shareholders John R. Gillis and Darlene Hartze are clients of Class VI Partners and are not being compensated for sharing their opinion and experience with the firm. Any compensation creates a conflict of interest. Comments by John R. Gillis and Darlene Hartze may not be representative of any other person’s experience with the firm and are no guarantee of future performance or success.
Additional Disclosures
Investment advisory services offered through Class VI Partners’ affiliate Class VI Family Office, LLC, a Registered Investment Adviser with the U.S Securities and Exchange Commission. Class VI Partners offers investment banking and private securities transactions through its affiliate, Class VI Securities, LLC. Class VI Securities, LLC is a registered broker/dealer and member of the Financial Industry Regulatory Authority (FINRA). Class VI Pathfinder, LLC provides general business consulting to privately held businesses. Collectively these entities are referred to herein as “Class VI”.
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