White Lab Expands with Acquisition of Metal Services
Deal News | Jan 20, 2025 | Finance Community IT - 1 Corporate M&A
White Lab, an Italian platform under White Bridge Investments, has acquired Metal Services Group as part of its strategy to consolidate and reinforce its position in the testing services sector. The acquisition signifies a growing trend of consolidation in the market of testing laboratories. White Lab received financial advisory from Ethica Group, legal counsel from Dentons, and financing-related legal advice from Simmons & Simmons. Metal Services Group, consisting of three integrated laboratories, specializes in both destructive and non-destructive testing of metallic materials and holds more than 35 years of industry experience. The selling shareholders were financially advised by Itinera Rational Advisory and legally by Studio Legale Fivers, with accounting advice from Studio Magurano Rossini & Associati. White Lab aims to be a leading player in analysis and compliance services in Italy, with its current operations including 18 laboratories and more than 500 employees, achieving a turnover of over 60 million euros.
Sectors
- Testing and Analysis Services
- Private Equity
Geography
- Italy – The geographic focus of the article is Italy, where both White Lab and the acquired Metal Services Group are based and operate.
Industry
- Testing and Analysis Services – This industry classification is relevant as both White Lab and Metal Services operate within the sector, providing laboratory testing and analysis services.
- Private Equity – White Bridge Investments, a private equity firm, is the owner of White Lab, highlighting the involvement of private equity in this acquisition.
Financials
- €60,000,000 – The aggregated turnover of White Lab from its operations including the newly acquired Metal Services.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| White Lab | Buyer | Company | A platform offering testing services, part of White Bridge Investments, aimed at consolidation within the industry. |
| Metal Services Group | Target Company | Company | An integrated group of laboratories specializing in material testing with over 35 years of experience. |
| White Bridge Investments | Owner, Private Equity Firm | Company | The private equity firm backing White Lab in its acquisition strategy. |
| Ethica Group | Financial Advisor to Buyer | Company | Provided M&A advisory services to White Lab for the acquisition. |
| Dentons | Legal Advisor to Buyer | Company | Provided legal services including due diligence and contractual advice to White Lab for the acquisition. |
| Simmons & Simmons | Legal Advisor for Financing | Company | Provided legal advice related to financing aspects of the transaction to White Lab. |
| Itinera Rational Advisory | Financial Advisor to Seller | Company | Provided financial advisory services to the selling shareholders of Metal Services. |
| Studio Legale Fivers | Legal Advisor to Seller | Company | Provided legal services to the selling shareholders of Metal Services. |
| Studio Magurano Rossini & Associati | Accounting Advisor to Seller | Company | Provided accounting services to the selling shareholders of Metal Services. |
| Filippo Salvetti | Advisor | Person | A member of the Ethica Group advisory team involved in the deal. |
| Stefano Buffoni | Advisor | Person | A member of the Ethica Group advisory team involved in the deal. |
| Gianluca Scalise | Advisor | Person | A member of Itinera Rational Advisory involved in the financial advisory for the sellers. |
| Samuele Maranzana | Advisor | Person | A member of Itinera Rational Advisory involved in the financial advisory for the sellers. |