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XLCS Partners Advises L.A.B. Equipment in Sale to Spectral Dynamics
Thursday 18 April 2019

18 April 2019 - US-based investment banking firm XLCS Partners, Inc served as exclusive advisor to product reliability and package testing equipment provider L.A.B. Equipment. Inc. (L.A.B.), in its sale to Spectral Dynamics, Inc., the company said.

Founded in 1933, L.A.B. is in the design, manufacturing, and service of product reliability and package testing equipment.

This includes drop testers, shock testers, hydraulic vibration, mechanical vibration, incline impact testers; and through their sister company, Techlab Systems, compression testers.

Customers include manufacturers represtning a range of industries, such as appliances, computers, food, packaging, consumer goods, and electronics. L.A.B. is headquartered in Itasca, Illinois.

Spectral Dynamics is a leading worldwide supplier of systems and software for vibration testing, structural dynamics and acoustic analysis.

The company's products are used for design verification, product testing and process improvement by manufacturers of all types of electronic and mechanical products.

Spectral Dynamics is based in San Jose, California with additional offices in San Juan Capistrano, California; Detroit, Michigan; Baltimore, Maryland; and France, Germany, India, and the United Kingdom.

The manufacturing operations of L.A.B. will remain in Itasca as will the engineering, sales, and related support.
XLCS acted as the exclusive M and A advisor to L.A.B. and the transaction was led by John Sheridan, Managing director. The transaction was completed March 15, 2019.

XLCS Partners, Inc. is an investment banking firm providing M and A advisory services to select clients globally.

For 37 years we have been serving clients with our transaction knowledge, creative solutions, selfless insight, and truthful advice.
Details
Date Published: 18/04/2019
Target: L.A.B. Equipment. Inc
Country: USA
Sector: Machinery/Engineering
Type: Corporate acquisition
Financing:
Status: Closed
Vendor:
Buyer: Spectral Dynamics, Inc
Comment:
Terms of the deal were not disclosed

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