The Edgewater Funds Announces Sale of Technical Safety Services.
Edgewater Growth Capital Partners III, L.P. (“Edgewater”) is pleased to announce the recent sale of its portfolio company Technical Safety Services (“Tech Safety”). Tech Safety is a leading provider of testing, inspection, certification and calibration services to customers in the pharmaceutical, biotechnology, healthcare and other life sciences end markets. Tech Safety was originally acquired by Edgewater and its affiliates in 2018 and then built through the subsequent acquisitions of 23 additional companies. These acquisitions broadened the Company’s services into medical gas and calibration as well as expanded its geographic reach to create an industry leading national service provider. In addition to growth via acquisition, the business capitalized on strong industry growth trends driven by: (i) an increase in private investment in lab facilities; (ii) an increase in R&D investment by biotech companies; and (iii) more rigorous government regulations particularly related to sterile compounding pharmacies.
A key objective of Edgewater’s during the investment was to pursue a multi-faceted growth strategy with the goal of building an industry leader in the life science facility services industry. Among the most significant and important strategies which drove Tech Safety’s success were:
- Expanding the Company’s geographical coverage as well as growing its suite of offerings and addressable market
- Investing in operational efficiencies, technology enablement and human resources to drive organic revenue growth
- Executing a high volume of strategic tuck in acquisitions and completing critical integration activities in a timely manner
Tech Safety’s management team executed successfully on these core strategies which uniquely positioned the company as a premier platform in its industry.
Edgewater partners with outstanding management teams to accelerate growth in their business. We are a flexible partner and can execute control and non-control investments. Please contact us at firstname.lastname@example.org for any questions or information.