Alliance Source Testing, which is backed by Align Capital Partners, has acquired METCO Environmental. The seller was TestAmerica, a subsidiary of Eurofins Scientific. No financial terms were disclosed. METCO is a provider of source testing and air emissions services to chemical, oil & gas production and refining, demilitarization, power generation and other customers.
CLEVELAND and DALLAS, February 10, 2020 – Align Capital Partners’ (“ACP”) environmental services platform Alliance Source Testing, LLC (“AST” or the “Company”) has acquired METCO Environmental (“METCO”) from TestAmerica, a subsidiary of Eurofins Scientific (Ticker: ERFSF). METCO provides source emissions (or stack) testing services to customers primarily across the Texas and Gulf Coast regions with offices in Dallas, Houston, and Baton Rouge.
METCO is a leader in the region, building a strong reputation for quality over the past 40 years, providing source testing and air emissions services to chemical, oil & gas production and refining, demilitarization, power generation, and other customers. “Acquiring METCO adds experienced talent, resources, and expertise to AST, further cementing AST as the leader in the Gulf region and provider of choice for customers with the most complex testing needs,” said AST CEO Chris LeMay.
Rob Patterson, President of METCO said, “The partnership with AST is an exciting new chapter for METCO’s employees and customers. We have great pride in the personal service we’ve delivered to our customers over the decades; Alliance’s industry-leading service culture stood out to us and is the perfect partnership for the continuation of those efforts.”
AST currently has offices in each of METCO’s core markets. Combining the two companies will deepen existing customer relationships, provide greater service for potential new relationships, and drive operating leverage. AST has a strong national footprint of thirteen offices across Alabama, Alaska, Arkansas, Colorado, Iowa, Louisiana, Pennsylvania, Texas, Utah, and Virginia with the technical expertise to serve a diverse range of end markets. METCO represents AST’s fourth add-on acquisition since 2015 and the Company will continue to seek add-on acquisition targets for its growing platform.
ACP Managing Partner Rob Langley said, “METCO and AST are a natural fit given the geographic overlap and similarity of cultures focused on providing the highest quality service to customers. We are excited to continue supporting the AST team as they build the Company’s leadership position within the stack testing sector.”
Operating Partner Dave Perotti, Principal Jack Parks, and Associate Corey Roe worked alongside Mr. Langley on the transaction.
About Alliance Source Testing
Headquartered in Decatur, AL, AST is the leading provider of source emissions testing solutions to customers throughout the United States. With expertise in a variety of test methods, AST is uniquely qualified to provide customers with the highest quality source testing solutions available. For more information, please visit www.stacktest.com.
About Align Capital Partners
Align Capital Partners is a growth-oriented private equity firm that partners with business owners and management teams to create shared success. ACP manages $325 million in committed capital with investment teams in Cleveland and Dallas. ACP brings experience and resources to help companies accelerate their growth, to the benefit of management, employees and the firm’s investors. ACP makes control investments in lower-middle market business services, specialty manufacturing and value-added distribution companies. For more information, visit www.aligncp.com.