NSL Analytical acquired by investment firm, May River Capital
January 16, 2020
Independent commercial testing laboratory NSL Analytical Services, Inc., Cleveland, Ohio, USA, has been acquired by May River Capital, an investment firm based in Chicago, Illinois, USA. The company carries out a range of analytical testing services which include quality control, failure analysis, product performance, and material selection and characterisation
NSL Analytical was established in 1945 and, under the recent leadership of company president Larry Somrack, the company has expanded to seventy-five employees serving over 1,700 customers globally from two locations in Warrensville Heights, a Cleveland suburb in Ohio, USA. Somrack will reportedly continue with NSL Analytical as President Emeritus, lending his experience to the next stages of the company’s development.
The leadership team will also include Ron Wesel as Chief Executive, Carey Lewis in growth and development and Andy Housley in finance and administration. Somrack stated, “I am excited to work with Ron, Carey and Andy to drive innovation for our customers and build upon the accomplishments and strengths of our talented team.”
“The board and I carefully evaluated the next phase of development for NSL, our employees and our customers. We are pleased to be partnering with a group in May River that is like-minded and aligned with us on both the cultural values and the strategic path necessary to meet our collective goals,” he concluded.
Wesel commented, “Thanks to Larry’s decades of leadership, NSL’s expert team, and the value they provide customers around the world, NSL has experienced consistent and impressive growth. We are excited to preserve and build upon that legacy, and to support the kind of continued investment in innovation, scientific capabilities and talent that will drive NSL Analytical forward in the future.”
