Compass Group Partners with the Allied Group
April 5, 2019
Compass Group Equity Partners recently announced it has partnered with management to recapitalize The Allied Group, a Healthcare Document Management and Life Science Kitting Company based in Providence, RI. The transaction allowed for a partial management transition and supports management’s plans to fund key strategic initiatives in support of the Company’s growth. The CEO, Bob Clement, along with the Allied management team will continue to guide and execute on the Company’s growth initiatives. Chris Gibson, Compass Group’s Managing Director responsible for the investment stated, “Management has built an impressive business and we’re proud to partner with the Allied team in support of their expansion. The Compass team is excited to play a part in Allied’s next chapter.”
Allied offers a full suite of Document Management services tailored towards the Healthcare industry in New England and assists Life Science diagnostic companies with specimen collection and logistics in both the US and EU. Founded in 1946, Allied has reinvented itself from a just-in-time printing company that was industry agnostic, to providing a full-service solution in Healthcare Document Management and Life Science diagnostic kitting, which is experiencing tremendous growth as a result of the increased adoption of personalized medicine. Allied is a one-stop shop for Life Science Kitting, including; Design & Engineering, Material Procurement, Print, Assembly, Fulfillment, along with a tech-enabled Distribution System with real-time Tracking.
