Healthcare & Life Sciences Private Equity Deal Tracker: Compass Group Sells The Allied Group

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Compass Group has announced the sale of The Allied Group.

The Allied Group, based in Cranston, R.I., and founded in 1946, is a fulfillment services provider of document management, kitting and mailing services to healthcare and life science organizations.

The company was sold to Atlantic Street Capital portfolio company Lab Logistics, a provider of outsourced medical supplies, kitting and logistics services to the healthcare industry.

Compass Group, based in St. Louis, is a private equity firm focused on investing in lower middle market companies in a wide range of industries. Founded in 2015, the firm makes investments of up to $50 million in companies with enterprise values of $10 million to $100 million.

Terms of the transaction were not disclosed.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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