Compass Group Equity Partners, a St Louis-based private equity firm, has sold The Allied Group to Lab Logistics, a provider of outsourced medical supplies, kitting and logistics services to the healthcare industry and a portfolio company of Atlantic Street Capital.
The Allied Group, founded in 1946, is a leading fulfilment services provider offering document management, kitting, and mailing services to healthcare and life science organisations worldwide.
Compass Group acquired Allied in 2019 with a focus to invest in and expand the kitting division amid the global shift to personalised medicine. Now a core growth engine for the business, kitting has experienced consistent year-over-year increases under its partnership with Compass. Allied now has over 250 employees with operations in both North America and Europe.
Terms of the transaction have not been disclosed.
