May 1, 2007
Dayton, NJ – Accutest Corporation, the third largest operator of environmental testing laboratories in the U.S., has announced that it has accepted a substantial investment from Bolder Capital, LLC, establishing a partnership to create the premier platform in the industry. Accutest is a rapidly growing, environmental testing provider focused on quality, customer service and superior electronic data deliverables.
Accutest President and CEO Vincent J Pugliese commented, “We are excited to be partnering with Bolder who shares our vision for customer service and geographic expansion. Together, we will be able to bring our exceptional services to a broader client base. There will be no change in our management team moving forward.”
“We are excited to have the opportunity to partner with Accutest’s outstanding management team and believe that Accutest is positioned to be the true leader in the environmental testing industry,” said Todd Hamilton, Managing Director of Bolder Capital. “The company’s outstanding reputation, superior information management systems and growth strategy ensures a successful future for the company.” aging Director of Bolder Capital, commented, “With its leading edge technology and commitment to customer service, we believe that Accutest has the unique opportunity to enhance and further develop the environmental testing industry.”
CEO Pugliese added, “Bolder’s resources and strategic value will allow us to achieve our long-term growth plans. We are at a point of considerable opportunity in our industry.”
About Accutest
Accutest laboratories is a full service, independent testing laboratory successfully delivering legally defensive data for more than 50 years. Founded in 1956, Accutest provides a full range of water, soil and air testing services to industrial, engineering/consulting and government clients throughout the United States. Operating from coordinated laboratories in NJ, MA, FL and TX, Accutest’s resources include a staff of 340 and more than 110 thousand square feet of laboratory space.
About Bolder Capital
Bolder Capital is a private investment firm established to find and invest in middle market companies for long-term value creation. Bolder primarily co-invests with JZ Equity Partners and The Edgewater Funds (the “Co-Investors”) and works closely with these funds or their advisors to find appropriate investments. Bolder Capital, the Co-Investors and their advisors bring over 50 years of combined investment experience and substantial financial resources in excess of $1.0 Billion in capital. In addition, the Co-Investors and their advisors have extensive operating experience in a broad range of industries, having acquired or funded more than 400 companies.
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