SAINT ANTONIO, April 18, 2023 /PRNewswire/ — Fastest Labs, a leading national provider of drug, alcohol and DNA testing services based in Saint Anthonytoday announced its acquisition by LP First Capital and Genesis Park. This partnership will provide Fastest Labs with the resources and support needed to accelerate growth, expand its footprint and enhance the company’s overall offering to customers and franchisees.
Fastest Labs, founded by Dave Claflinis a leader in the drug, alcohol and DNA testing industry, providing fast, reliable and accurate testing solutions to customers worldwide United States. The company’s cutting-edge technology and commitment to exceptional customer service have made it a preferred choice for both individuals and organizations seeking testing services.
As the first franchisor to be acquired as part of a wider portfolio of business services brands, Fastest Labs is ushering in further expansion and collaboration between businesses in this fast-growing sector.
LP First Capital, a private equity firm focused on business services, specializes in partnering with founder-led family businesses to help them achieve their full potential by providing capital, operational expertise and strategic guidance. Genesis Park is Houstonbased investment intermediary that provides flexible debt and equity solutions to lower middle market businesses in a variety of sectors.
Thomas Incemanaging director and founder of LP First Capital, expressed his enthusiasm for the acquisition, saying, “Fastest Labs has shown tremendous potential and is a perfect fit for our business services platform. We are excited to work closely with Dave Claflin and his team to expand the company’s reach and enhance its offerings to better serve our customers’ needs.”
Gina Lunamanaging partner of Genesis Park said: “Dave and his team have built an impressive business with a reputation for providing the most efficient and high quality testing services. We are excited to partner with LP First Capital and the management team to support Fastest Labs through its next phase of growth.”
Dave Claflinfounder of Fastest Labs, also shared his optimism about the partnership, saying, “We are excited to join forces with LP First Capital and Genesis Park. Their focus on founder-led family businesses and commitment to supporting our growth in the business services sector will allow Fastest Labs to continue to provide the highest quality testing services and strengthen our position as an industry leader.”
The acquisition of Fastest Labs by LP First Capital and Genesis Park marks an important milestone for all parties involved as they work together to create a robust business services platform. This collaboration will undoubtedly foster the continued success of Fastest Labs and its franchisees, and the partnership’s shared vision for growth and innovation will shape the future of the drug, alcohol and DNA testing industry.
For more information about Fastest Labs, visit www.fastestlabs.com.
To learn more about LP First Capital and Genesis Parkvisit www.lpfirstcapital.com and www.genesis-park.com respectively.
About Fastest Labs
Fastest Labs is a leading national provider of drug, alcohol and DNA testing services, offering fast and accurate results to individuals, businesses and government agencies. Located in Saint Anthony, with an emphasis on exceptional customer service and state-of-the-art technology, Fastest Labs has earned a reputation as a trusted leader in the testing industry. The company’s franchise network stretches across United Statesproviding reliable and convenient testing solutions to customers across the country.
For LP First Capital
LP First Capital is a private equity firm focused on business services that specializes in partnering with family-owned, founder-led businesses to help them achieve their full potential. By providing capital, operational expertise and strategic guidance, LP First Capital helps provide the support and tools needed to grow and develop portfolio companies. The firm’s experienced team of industry professionals is dedicated to driving value and generating superior returns for all stakeholders.
regarding Genesis Park
Genesis Park is Houstonbased private equity lending and investment firm. His current investment fund, GP Capital Partners, LP, is licensed as a Small Business Investment Company (“SBIC”) by the US Small Business Administration. Genesis Park supports growth and later stage lower middle market businesses through flexible debt and equity solutions and strategic guidance. Genesis Park usually aimed at companies with at least 10 million dollars of revenue and 2 million dollars of EBITDA, with proven business models and experienced management teams. Managed by four experienced investment professionals with extensive regional connections, Genesis Park is committed to partnering with the companies and management teams it invests in to facilitate growth, transition and success. For more information, visit www.genesis-park.com.
Boxwood Partners is serving as exclusive financial advisor to Fastest Labs
FOR MORE INFORMATION:
LP First Capital
Joe DenhamManaging Director, [email protected]
SOURCE LP First Capital