We are thrilled to announce the recent acquisition of our client, Founders Science Group (FSG), a premier analytical testing lab located in Taunton, Massachusetts, by IEH Laboratories & Consulting Group.
This successful transaction was facilitated by our dedicated advisor, Paula Kruger, CM&AA, CM&AP, who received the client through a referral source and sold the business in record time.
About Founders Science Group
Founded by two visionary scientists, FSG specializes in pharmaceutical and beauty product testing and formulation development. The company offers a comprehensive suite of services, including product development, formulation deconstruction, stability testing, and long-term storage solutions. Over the past decade, the founders transformed FSG into a reputable lab known for its quality and innovation.
The Journey to a Successful Sale
The two scientists originally purchased the lab from their employer when the company decided to sell the division. After ten years of successful operation, one of the owners expressed a desire to retire, while the other wished to continue contributing to the industry.
Recognizing the unique circumstances, Paula embarked on a mission to find a buyer that would honor the legacy of FSG and accommodate the aspirations of both owners. Within just a couple of months of listing, she identified IEH Laboratories & Consulting Group, a global laboratory organization with numerous labs around the world. IEH’s vision aligned perfectly with the goals of the founders, leading to an offer that was quickly accepted.
About IEH Laboratories & Consulting Group
IEH Laboratories & Consulting Group is an international leader in the field of analytical testing and consulting services. Specializing in food safety, environmental testing, and pharmaceutical analyses, IEH is dedicated to providing high-quality services that ensure public health and safety. The acquisition of FSG expands their capabilities in pharmaceutical and beauty product testing, further strengthening their global presence.
Client Satisfaction
We are honored to share a glowing review from Robert Munroe, one of the founders of FSG:
“When exiting a business that has been built over the last ten years, there are lots of questions and concerns. Working with a comprehensive and knowledgeable broker helps the seller navigate this process with the least amount of stress and the highest level of confidence that your best interests are being looked after. I can only say that working with a competent broker has more benefits than can be easily discussed. If you are selling a business, get a broker. I would recommend Paula without reservation.”
— Robert Munroe, 11/18/24 ★★★★★
Congratulations to All Involved
We extend our heartfelt congratulations to the founders of FSG and to IEH Laboratories & Consulting Group on this successful acquisition. A special acknowledgment goes to Paula Kruger for her exceptional work in bringing this deal to a successful close. Her commitment and expertise have once again proven invaluable.
