SGS Acquires Majority Stake in Maine Pointe, a Leading Global Supply Chain and Operations Consultancy
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SGS acquisition will allow Maine Pointe to accelerate its goal of making Total Value Optimization a global standard for supply chain optimization
Boston, Mass., July 1, 2019 -- Global supply chain and operations consulting firm Maine Pointe announced that SGS, the world's leading inspection, verification, testing and certification company, has acquired a majority stake in Maine Pointe. The complementary capabilities of both companies will help strengthen SGS's high-value consulting capabilities and take Maine Pointe's acclaimed Total Value Optimization (TVO)TM approach global.
"We were attracted to SGS by its platform and expertise. We are excited about the opportunity to expand our complementary businesses by leveraging our expertise across SGS's global network," said Steven Bowen, Chairman and CEO of Maine Pointe. "This combination will accelerate our vision of transforming our customers' supply chains into a competitive advantage on a global scale."
Maine Pointe's name will remain and operate as a distinctive business within SGS's Certification & Business Enhancement (CBE) business unit. The acquisition will also help accelerate Maine Pointe's goal of making TVO the global standard for end-to-end supply chain optimization.
"Maine Pointe adds another layer of competence to the group and significantly accelerates our inroads into more advanced consultancy services in Certification & Business Enhancement. The recent announcement of the disposal of PSC highlights the group strategy of focusing our capital allocation towards higher value-added services," said Frankie Ng, CEO of SGS.
Steven Bowen, Chairman and CEO of Maine Pointe added, "We are excited about working with SGS to build our future. This transaction makes us stronger, smarter, more competitive and influential -- a truly global network of professionals ready to help clients address increasingly complex global supply chain challenges."
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 97,000 employees, SGS operates a network of over 2,600 offices and laboratories around the world. www.sgs.com
About Maine Pointe
Maine Pointe is a global supply chain and operations consulting firm trusted by many chief executives and private equity firms to drive compelling economic returns for their companies. We achieve this by delivering accelerated, sustainable improvements in EBITDA, cash and growth across their procurement, logistics and operations. Our hands-on implementation experts work with executives and their teams to rapidly break through functional silos and transform the buy-make-move-fulfill supply chain to deliver the greatest value to customers and investors at the lowest cost to business. We call this Total Value Optimization (TVO)TM.
Maine Pointe's engagements are results-driven and deliver between 4:1-8:1 ROI. We are so confident in our work and our processes that we provide a unique 100% guarantee of engagement fees based on annualized savings. www.mainepointe.com