Portland, OR (July 19, 2017) – Veber Partners advised Alpha-Tec Systems, Inc. in their sale to StoneCalibre, a Los Angeles based private investment company specializing in the acquisition of lower middle market companies.
Alpha-Tec Systems specializes in in-vitro diagnostic products utilized in clinical laboratories. Its main product offerings are in the disciplines of Mycobacteriology, Parasitology, Bacteriology and Mycology.
In the Mycobacteriology space, the Company has become the domestic leader in digestion and decontamination products for tuberculosis diagnostics with its proprietary formulations that improve laboratory test results and are compatible with downstream instrumentation and molecular processes. Alpha-Tec’s products are known for their quality and performance, and the Company prides itself on its customer service. The Company’s flagship line of products lowers the incidence of false positives and increases the recovery of mycobacteria in the patient’s sample, resulting in a more accurate diagnosis of the presence of TB.
“Alpha-Tec has a proud history of being a family-run business and as we move toward the next phase in the Company’s evolution, it is important for us to partner with someone who understands our history and shares in our vision for Alpha-Tec’s future,” said Chris Williams, Chief Executive Officer of Alpha-Tec. “We are very excited to partner with StoneCalibre and its affiliates in the life sciences industry based on their knowledge of the space, operational resources and geographic reach which will contribute toward accelerating Alpha-Tec’s growth going forward and advance our broader mission of improving patient care through diagnostics.”
“Alpha-Tec serves a valuable customer base that includes the top hospitals, reference and public health laboratories across the United States and abroad,” said Usman Shakeel, Vice President of StoneCalibre. “We see actionable opportunities for the Company to grow organically and via add-on acquisitions to better serve the clinical lab space.”
“The team at Veber Partners was instrumental in navigating the sale of our company. When beginning the path to sell we looked for experts that put our goals first. Veber Partners approach went beyond that; learning all about our business, patiently explaining the process, consistently operating in our best interests, and staying with us through close. Hiring Veber Partners was the best decision we made. They helped us to strategically find the best buyer, acted as a buffer between us and the buyer, and their skill and expertise earned us a higher final offer” said Chris Williams, CEO & President, Alpha-Tec Systems.
“We thank the principals of Alpha-Tec for giving us the opportunity to help them in their transition to a new owner. We believe StoneCalibre will be an excellent steward of the company going forward, and are excited for Alpha-Tec’s employees and customers”, said Rodger Adams, Senior Partner at Veber Partners.
StoneCalibre is a private investment company specializing in the acquisition of lower middle market companies. Founded by Brian Wall in 2012, StoneCalibre is focused on making investments in both special situations and quality long-term capital investment opportunities.
Veber Partners is a leading regional investment bank based in Portland, Oregon. The Firm’s team serves clients throughout the Pacific Northwest. For more information please visit www.veber.com.
