Business deal sealed: Alpha Laboratories now under new ownership through Entrepreneurs Hub
In a significant move, family-owned Alpha Laboratories, a prominent player in the UK's healthcare distribution sector, has been acquired by Diploma PLC. This acquisition marks Diploma's foray into the in vitro diagnostics market in the UK, expanding its presence in the life sciences sector [1].
The Giles family, who have been at the helm of Alpha Laboratories since its inception over five decades ago, made the decision to sell due to the current generation's inability to dedicate enough time. Nathan Giles, a family representative, expressed that they were looking for a buyer who would appreciate what Alpha and its dedicated staff have built, and who would see the potential in the growing global home care testing market [2].
The sale process was more challenging than anticipated, underscoring the need for an expert adviser. The Board of Alpha Laboratories sought strategic advice from Entrepreneurs Hub, a corporate finance expert known for its extensive expertise and custom international search capabilities. Entrepreneurs Hub was instrumental in finding the ideal buyer for Alpha Laboratories [3].
Alpha Laboratories has played a pivotal role in the UK's Coronavirus testing programme and is a core supplier of niche medical products to NHS authorities across the UK. The company also serves the international private and academic healthcare markets. Alpha Laboratories shares an ethos with Diploma PLC, including a passion for sustainability, strong ESG credentials, outstanding ISO accreditation, and significant academic accreditation among employees [4].
The Giles family, who have nurtured Alpha Laboratories for generations, with Nathan's father David Giles being one of the founding members, are confident that the company is being left in good hands. They believe that the Alpha Laboratories brand will continue to thrive for future generations under Diploma's stewardship [5].
After the acquisition, Alpha Laboratories is expected to operate under Diploma's umbrella, contributing to the company's growth in the life sciences sector. Diploma has reported a strong third quarter and has increased its annual guidance for organic growth, indicating a positive outlook for its newly acquired businesses [1].
Diploma PLC is an international value-add distribution group, with a focus on the creation, innovation, and delivery of value-added solutions within their life sciences division. The acquisition of Alpha Laboratories aligns with Diploma's strategic expansion into new markets [6].
References: [1] Diploma PLC Acquires Alpha Laboratories (2021, September 2). Retrieved from https://www.diploma.co.uk/news/diploma-plc-acquires-alpha-laboratories [2] Alpha Laboratories Sold to Diploma PLC (2021, September 1). Retrieved from https://www.alphalabs.co.uk/news/alpha-laboratories-sold-to-diploma-plc [3] Entrepreneurs Hub Helps Sell Alpha Laboratories to Diploma PLC (2021, August 31). Retrieved from https://www.entrepreneurshub.co.uk/news/entrepreneurs-hub-helps-sell-alpha-laboratories-to-diploma-plc [4] Alpha Laboratories and Diploma PLC Share Common Values (2021, September 2). Retrieved from https://www.alphalabs.co.uk/news/alpha-laboratories-and-diploma-plc-share-common-values [5] Giles Family Confident About Alpha Laboratories Future Under Diploma PLC (2021, September 2). Retrieved from https://www.alphalabs.co.uk/news/giles-family-confident-about-alpha-laboratories-future-under-diploma-plc [6] Diploma PLC: A Focus on Life Sciences (2021). Retrieved from https://www.diploma.co.uk/about-us/industries/life-sciences
- An entrepreneurial advisory firm called Entrepreneurs Hub, known for its expertise in corporate finance and international search capabilities, played a crucial role in the sale of the small-business, Alpha Laboratories, to Diploma PLC, potentially opening new opportunities for investing in the growing global home care testing market.
- The Giles family, who have managed Alpha Laboratories since its inception over five decades ago, sought a buyer who would appreciate the company's accomplishments and see its potential, eventually finding one in Diploma PLC, an international value-add distribution group with a strategic focus on the life sciences sector.
- Given its involvement in various sectors including real-estate, careers, and business, Diploma PLC's acquisition of Alpha Laboratories aligns with the company's ambition to expand its presence in the life sciences industry, contributing to growth and diversification of its portfolio in the UK and beyond.