Acquisition of BMM Testlabs by Visualize Group
Bold New Horizons:Visualize Group's Game-Changing Acquisition
Private equity powerhouse, The Visualize Group, just announced a game-changing deal – the acquisition of BMM Testlabs, a globally renowned testing, inspection, compliance, and certification (TICC) provider for the booming regulated gaming industry.
Martin Storm, BMM Testlabs' President and CEO, will keep a considerable stake in the business and maintain his leadership role post-acquisition. "For the past 44 years, we've been all-in on becoming the go-to partner for gaming regulators, suppliers, and operators, ensuring a safer, more transparent, and compliant gaming landscape," enthused Storm in an official release. "This exciting new chapter with Visualize will only accelerate our journey towards achieving ambitious goals and seizing the endless opportunities within the ever-evolving gaming market."
Hailing from the gaming industry's grip of Las Vegas, Nevada, and established back in 1981, BMM provides TICC services to gaming product suppliers in six continents' regulated gaming markets. As part of the takeover, The Visualize Group will introduce an employee ownership program, allowing BMM's diligent employees to join the value creation party.
CC Melvin Ike, Visualize's Managing Partner, shared, "We don't just invest in promising businesses; we invest in fist-class management teams offering mission-critical services in expanding industries. And with gaming jurisdictions booming worldwide, the need for dependable, safe, and compliant gaming solutions is reaching new heights." He further added, "With its unparalleled global presence, technical expertise, and rock-solid industry reputation, we believe BMM is the ultimate regulatory technology platform poised to rake in the rewards of the market upward trajectory."
The financial aspects of the deal are under wraps for now, and the transaction is subject to regulatory nods. Keep an eye out for this exciting venture as it unfolds!
- The Visualize Group, an influential player in private equity, sees BMM Testlabs, a global TICC provider for the regulated gaming industry, as a game-changer with its acquisition.
- Martin Storm, the President and CEO of BMM Testlabs, will continue to hold a significant stake in the business and lead the team post-acquisition.
- As part of the deal, The Visualize Group will implement an employee ownership program, allowing BMM's dedicated employees to participate in the value creation process.
- CC Melvin Ike, Managing Partner of The Visualize Group, views BMM Testlabs as the ultimate regulatory technology platform, with its extensive global presence, technical expertise, and strong industry reputation, primed to reap the benefits of the gaming market's continuous growth.
