Edgewater Announces Sale of Testing Services Holdings Industries
Edgewater Growth Capital Partners, III L.P. (“Edgewater”) is pleased to announce the sale of its portfolio company Testing Services Holdings Industries, Inc. (“TSHII”) to Geneva Switzerland based SGS, SA (“SGS”). TSHII is the holding company of Galson Laboratories, Inc. (“Galson” or the “Company”). Galson provides environmental health and safety testing services to manufacturing industries and for environmental clean-up projects in order to monitor workplace safety conditions. The Company is headquartered in Syracuse, NY with five strategically located services centers. SGS is a global leader in the Testing, Inspection and Certification industry and acquired Galson to reinforce its position in the U.S. while strengthening its industrial hygiene, health and safety capabilities globally.
Under Edgewater’s ownership, Galson accelerated its organic growth and made three acquisitions to expand its service offerings and geographic coverage. We want to acknowledge the outstanding leadership of the TSHII team for their work in leading the company’s profitable expansion.
Edgewater will continue to own Galson’s sister company TSH Distribution Industries, Inc. (“TSHD”), a company that distributes, rents and services instrumentation and personal protective equipment used in workplace safety. The TSHD team has already completed three acquisitions and is actively working on additional add-on opportunities.