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Press releases > Generational Equity Announces Sale of SL Pharma Labs to Exova Group

Generational Equity Announces Sale of SL Pharma Labs to Exova Group

By Generational Equity

May 18, 2017, 04:00 et
SL Pharma Labs

Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client, SL Pharma Labs Inc., to Exova Group PLC. The acquisition closed April 10, 2017. Details were not disclosed.

SL Pharma Labs, based in Wilmington, Delaware, provides customized high-quality CMC Product Development laboratory and clinical manufacture services to pharmaceutical, biotechnology and medical device companies.

Services include formulation development, process development, analytical development, microbiological development, clinical manufacture and stability testing. The company specializes in the development and clinical manufacture of parenteral, ophthalmic, intranasal and topical drug products. 

"Becoming part of a global testing and advisory business with its commitment and plans to continue to expand in the Pharmaceutical sector is a great move for SL Pharma, our team and our customers as it gives us access to additional testing capabilities and expertise to significantly expand our CMC product development capabilities," SL Pharma President Waheed Sheikh said.

"I look forward to working with Exova to continue to grow the business and take the SL Pharma name and reputation to exceptional new levels."

Exova Group, headquartered in Edinburgh, Scotland, is one of the world's leading providers of testing, calibration and advisory services. The company has approximately 4,200 employees in 33 countries worldwide and is publicly traded on the London Stock Exchange.

With over 90 years' experience, Exova specializes in testing across a number of key sectors ranging from Aerospace to Fire & Building Products; Oil & Gas and Industrials; Infrastructure & Environment; Transportation; and Health Sciences.

"This acquisition significantly enhances our technical expertise and service offering within the pharmaceutical market and complements our existing testing facilities in North America," said Dr. James R. Scull, Exova Vice President, Health Sciences Americas.

"The addition of SL Pharma to our portfolio is a clear demonstration of our commitment to developing our pharmaceutical business by expanding our testing capabilities to meet CMC product development and the rapidly growing need for Phase I and II clinical supplies manufacture."

Generational Equity Executive Managing Director Ed Weber established the relationship with SL Pharma, and Generational Equity Managing Director Douglas Smith's team, headed by trusted affiliate Peter Pryor and supported by Generational Equity Vice President Musa Jagne, led the deal to a successful close.

"SL Pharma was seeking a partner that would provide a foundation to grow the business to new heights while maintaining the Company's high-quality standards," said Jagne.

"We found in Exova, a partner that not only recognized the value of SL Pharma and its people, but also demonstrated a commitment to excellence worldwide."

About Generational Equity

Generational Equity, part of the Generational Group headquartered in Dallas with over 200 professionals located throughout North America, helps business owners release the wealth of their business by providing merger, acquisition and strategic growth advisory services.

Their four-step approach features exit planning education, business valuation, value enhancement strategies, and M&A transactional services. The M&A Advisor recently named the company its 2016 Investment Banking Firm of the Year.

For more, visit https://www.genequityco.com or the Generational Equity press room.

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Bil MacLeslie, CEO, ipHouse
I wanted to write you a quick letter to express our appreciation and our delight on the outcome of helping us through the process of our recent sale. We are very happy with the end result, and are very happy to be able to move forward with all of our future growth plans.
Terry D. Wickman, President, Keytroller
We had the pleasure of working with Mr. Ahmad Behjati Managing Director, M&A, for Generational Equity during our acquisition of Papa's Dodge in late 2021. Generational Equity and Mr. Behjati represented and marketed Papa’s Dodge. As our primary contact, Mr. Behjati was professional in every facet of this acquisition process, conveying valuable advice most times and assisting us in every step of the process.
Rick Greene of Dobbs Equity Partners LLC
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Jay Dinnison, Owner of Sharpe Mixers
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Larry Moore, Owner, A Company Portable Restrooms
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Betty L. Brennan, President, Taylor Studios
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Robert Evans, President and CEO of Mealtracker Dietary Software
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Eric Erlandson, Owner, Action Fastenings, Inc.
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Jay Dinnison, Owner of Sharpe Mixers
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Bryan D. Horn, Owner, Over Under Clothing
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Dr. Caty J. Catron PhD, RN, VA-BC – Owner, Vic The Picc, LLC
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JoAnn Ellis, Owner of Fondren 5 Star Kennels
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Caroline Connelly, CEO, OptoTest
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Tom Currier, Former President & CEO, Rackmount Solutions
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Larry Moore, Owner, A Company Portable Restrooms
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Bil MacLeslie, CEO, ipHouse
I wanted to take this opportunity to thank you for all that you have done for us. Not only did you take care of all the aspects of the sale but took extra care to make sure we knew what it looked like every step of the way. I will definitely recommend your company to anyone that is in a position to or looking to exit their business.
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