XLCS Partners, Inc., an independent investment banking firm providing M&A advisory, capital raising, and debt advisory services, is pleased to announce that it served as exclusive advisor to L.A.B. Equipment. Inc. (L.A.B.), in its sale to Spectral Dynamics, Inc.
Founded in 1933, L.A.B. is a global leader in the design, manufacturing, and service of product reliability and package testing equipment. This includes drop testers, shock testers, hydraulic vibration, mechanical vibration, incline impact testers; and through their sister company, Techlab Systems, compression testers. Customers include some of the world’s most recognizable brand names, who depend on the Company’s test systems for use in their own laboratories to test their products and packaging. These manufacturers represent a variety of industries, such as appliances, computers, food, packaging, consumer goods, and electronics. L.A.B. is headquartered in Itasca, Illinois.
Spectral Dynamics is a leading worldwide supplier of systems and software for vibration testing, structural dynamics and acoustic analysis. Spectral Dynamics’ products are used for design verification, product testing and process improvement by manufacturers of all types of electronic and mechanical products. Spectral Dynamics is based in San Jose, California with additional offices in San Juan Capistrano, California; Detroit, Michigan; Baltimore, Maryland; and France, Germany, India, and the United Kingdom.
“Our organizations will have an opportunity to build upon the synergies of our talented people, markets, and products to become even more successful,” said Stewart Slykhous, President and CEO of Spectral Dynamics. “We are very excited about the technology and resources available to our customers and the opportunities we will be able to offer to our employees going forward.”
The manufacturing operations of L.A.B. will remain in Itasca as will the engineering, sales, and related support.
“We had a great partner in XLCS Partners that made this transaction possible,” said Bill Noonan, L.A.B. CEO. “John Sheridan and his team were truly professional and provided fantastic support throughout the process. It is not easy selling a niche technical manufacturing company but they were great in guiding us through the sale and delivered an excellent outcome with no surprises.”
XLCS acted as the exclusive M&A advisor to L.A.B. and the transaction was led by John Sheridan, Managing Director. The transaction was completed March 15, 2019.
About XLCS Partners
XLCS Partners, Inc. is an independent investment banking firm that provides M&A advisory, capital raising and debt advisory for select clients globally. Middle market companies and private equity funds rely on our creative solutions, thoughtful insight and truthful advice when considering exiting their companies, making strategic acquisitions, partnering with private equity sponsors and raising debt or equity capital.