The DAK Group – Middle Market Investment Bankers

Sale of Harrison Research Laboratories to SGS

The DAK Group Announces Sale of Harrison Research Laboratories, Inc. To SGS.

Women Owned Research Lab Expands US Market for Major Swiss Based Testing Company.

Rochelle Park, NJ – The DAK Group, a leading investment bank specializing in middle-market mergers and acquisitions worldwide, announces the sale of its client Harrison Research Laboratories, Inc.  (HRL) headquartered in Union, NJ to SGS North America Inc.  the world’s leading inspection, verification, testing and certification company headquartered in Geneva, Switzerland. The DAK Group served as the exclusive investment banker and financial advisor to Harrison Research Laboratories initiating and managing the divestiture process.

The transaction capitalizes on Harrison’s outstanding reputation as a leading independent research company to the cosmetics, beauty and over the counter pharmaceutical industries. A women owned-family business founded in 1981, HRL has operated with the same mission: to provide the highest quality research and accuracy available while exceeding customer’s expectations on delivery times.

Founder Dr. Lynne B. Harrison, and her daughter Debra Harrison have provided SGS with a comprehensive business to expand its footprint in the multibillion dollar US research and testing industry.

“Harrison Research Lab’s founder has been able to monetize the exceptional business she has built, while gaining a strategic partner to help accelerate their industry leadership position.” stated Alan Scharfstein, President of The DAK Group.

This acquisition expands SGS’s Consumer & Retail service portfolio into the clinical testing sector for cosmetic and personal care products in the USA,” said Frankie Ng, CEO of SGS. “It is an excellent complement to our existing laboratory testing capability in New Jersey.”  The DAK Group team included Alan Scharfstein, President, Michael Richmond, Managing Director and Claudia Levine, Associate.

About Harrison Research Laboratories, Inc.

Harrison Research Laboratories is a leading independent research company to the cosmetics, beauty and over-the-counter pharmaceutical industries. Harrison provides clinical testing of topically applied skin, eye and hair care products on human subjects.

About SGS

SGS is the world’s leading inspection, verification, testing and certification company. SGS is recognized as the global benchmark for quality and integrity. With more than 90,000 employees, SGS operates a network of over 2,000 offices and laboratories around the world.

About The DAK Group

The DAK Group is a leading investment bank serving mid-market privately held businesses in the areas of mergers and acquisitions, business sale, financial restructuring, bankruptcy, capital advisory, valuations and fairness opinions. Since 1984, The DAK Group has executed hundreds of transactions across a wide range of industries. The DAK Value Accelerator is the propriety process that allows clients to maximize the value of their business.  The DAK Group is headquartered in Rochelle Park, NJ with offices in Philadelphia.