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Lp First Capital And Genesis Park Acquire Fastest Labs

PRIVATEApr 18, 2023

Acquiring Company

Global Energy Capital and White Deer Energy

Acquired Company

Fastest Labs

ColomboFinancial ServicesFinanceVenture CapitalAngel InvestmentFinancial ServicesFinanceVenture CapitalAngel InvestmentLendingBankingFinancial ServicesVenture CapitalAngel Investment

Description

Fastest Labs, a leading nationwide provider of drug, alcohol, and DNA testing services based in San Antonio, today announced its acquisition by LP First Capital and Genesis Park. This partnership will provide Fastest Labs with the resources and support necessary to accelerate growth, expand its footprint, and enhance the company's overall offerings to customers and franchisees.

Quick answer

Global Energy Capital and White Deer Energy and First Capital are acquiring Fastest Labs, announced April 18, 2023.

How much did Global Energy Capital and White Deer Energy pay for Fastest Labs?
The deal value was not disclosed.
What does Global Energy Capital and White Deer Energy do?
Genesis Park is a Houston-based private credit and equity investment firm.

Source: Fundz verified event record.

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Company Information

Company

Global Energy Capital and White Deer Energy

About

Genesis Park is a Houston-based private credit and equity investment firm. Its current investment fund, GP Capital Partners, LP, is licensed as a Small Business Investment Company ("SBIC") by the U.S. Small Business Administration. Genesis Park supports growth and later stage lower middle market businesses through flexible debt and equity capital solutions and strategic guidance. Genesis Park generally targets companies with at least $10 million of revenue and $2 million of EBITDA, with proven business models and seasoned management teams. Managed by four experienced investment professionals with broad regional relationships, Genesis Park is committed to partnering with the companies and management teams in which it invests to facilitate growth, transition, and success. For more information, visit www.genesis-park.com. Boxwood Partners served as the exclusive financial advisor to Fastest Labs FOR MORE INFORMATION: LP First Capital Joe Denham, Managing Director, Joe@lpfristcapital.com SOURCE LP First Capital

Company

First Capital

Location

Colombo, Western Province, Sri Lanka

About

First Capital Holdings PLC is a full-service investment institution providing a diverse range of advisory services and financial products. Our integrated business platform comprises four specialised areas - Capital Markets Advisory, Wealth Management, Fixed Income and Equities.

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Frequently asked

Who acquired Fastest Labs?

Fastest Labs was acquired by Global Energy Capital and White Deer Energy. The deal was reported on April 18, 2023. Genesis Park is a Houston-based private credit and equity investment firm. Its current investment fund, GP Capital Partners, LP, is licensed as a Small Business Investment Company ("SBIC") by the U.S. Global Energy Capital and White Deer Energy is privately held and operates in Financial Services.

When did Global Energy Capital and White Deer Energy acquire Fastest Labs?

Global Energy Capital and White Deer Energy's acquisition of Fastest Labs was reported on April 18, 2023. Fastest Labs, a leading nationwide provider of drug, alcohol, and DNA testing services based in San Antonio, today announced its acquisition by LP First Capital and Genesis Park. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Fastest Labs do?

LP First Capital, a business services focused private equity firm, specializes in partnering with family-owned, founder-led businesses to help them achieve their full potential by providing capital, operational expertise, and strategic guidance. It is privately held, operating in Financial Services.

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