Equity Firm Invests in Buyers Lab
SFW Capital Partners, a private equity firm, has completed a majority investment in Buyers Laboratory, Inc., a provider of analytical testing to the digital imaging and document management industry. Headquartered in Hackensack, N.J., BLI provides field and laboratory test reports, product evaluations and private testing. In addition, the company is well known for its “Pick of the Year Awards.”
The current owners, Michael Danziger and Mark Lerch, will retain a substantial stake in the company and will continue in their roles as CEO and COO, respectively. John Donnelly will continue as Managing Director of BLI International. Terms of the private transaction were not disclosed.
BLI supports all of the large original equipment manufacturers, software and service companies, and more than 1,000 dealers in digital imaging equipment through a comprehensive product offering that is based on its proprietary analytical testing capabilities.
“Buyers Laboratory fits perfectly with SFW’s investment focus on the analytical tools and services sector,” said Roger Freeman, an SFW partner. “The analytics and services it provides are essential to its customers’ success.”
“Through detailed laboratory testing of hundreds of new imaging devices and software solutions each year, and its existing database of over 15,000 devices, BLI far outpaces any competitor in quality and capability,” added SFW Partner Paresh Vaish.