Generational Equity, a mergers and acquisitions advisor for privately held businesses, announced the sale of its client Q-PLUS Labs to Industrial Inspection & Analysis, Inc. (a portfolio company of SRM Equity Partners). The transaction closed November 1, 2023.
Since its founding in 1987, Q-PLUS Labs (located in Irvine, California) has built a reputation as a leader providing a wide range of quality dimensional measurement, inspection, reverse engineering, 3D scanning, CT scanning, modeling, part sorting and quality-related services and products. Q-PLUS Labs is ISO 9001:2015 registered, ISO 13485:2016 and AS9100D certified, and ISO 17025:2017 accredited.
Based in Atlanta, Georgia, Industrial Inspection & Analysis (IIA) has an extensive footprint across North America and an ever-expanding global presence in the industrial sector. With the addition of Q-PLUS Labs, Industrial Inspection & Analysis has 15 locations, including nine laboratories, across North America and China.
“We are excited to bring Q-PLUS Labs on board, and we look forward to growing together. As we leverage our combined lab expertise, technology and geographic footprint, this acquisition represents a win for both of our companies, as well as current and future customers,” says Christopher Niebuhr, Chief Executive Officer of Industrial Inspection & Analysis.
Niebuhr added, “Q-PLUS Labs will enhance Industrial Inspection & Analysis’s premier Laboratory Services division and allow us to better serve customers on the West Coast. We are excited to welcome Q-PLUS Labs’ talented team to the IIA family.”
“The team at Q-PLUS Labs has decades of experience helping manufacturers perfect their products. We are excited to bring our expertise and culture of excellence to Industrial Inspection & Analysis,” says Mike Knicker, CEO of Q-PLUS Labs.
Knicker added, "As part of the Industrial Inspection & Analysis family, we will be able to provide our customers access to additional laboratory, inspection and engineering services that complement what we do, while still providing the great customer service and extreme attention to detail we are known for.”
Generational Equity Executive Managing Director of M&A – Western Region, Stephen Crisham and his team, led by Sr. Managing Director Mergers & Acquisitions, Fred Zweifel, with support from Sr. Managing Director - Western Region, Lori Galloway closed the deal. Executive Managing Director Bill Kushnir established the initial relationship with Q-PLUS Labs.
For more information, visit https://www.genequityco.com/.
