Sports Labs has secured significant strategic investment from the King Group, a Scotland-based investment company. As a result of the investment, the existing management team of Niall MacPhee and Keith Macpherson will lead this next exciting phase of Sports Labs growth as Group Managing Director and Group Operations Director, respectively.
The existing experienced international senior team of Yannick Peij (Benelux), Gastone Cristini (Italy) and Tom Chilvers (France) complete the new Executive Team. Following the deal, Allan and Chris King of the King Group have joined the Sports Labs Board as Directors – along with experienced independent non-executive, Ron Robson, as Chair.
With a history in property development, the King Group has diversified its portfolio over the past decade, supported management buy-outs and invested equity into several corporate acquisitions.
“Sports Labs’s position as one of the world’s premier sports laboratory and testing organisations is a perfect fit with the King Group strategy of investing in local businesses with high growth potential in both domestic and international markets,” the group said in a statement.
Sports Labs Group Managing Director, Niall MacPhee, said: “The Executive Team shares King Group’s vision to expand on our existing UK and international footprint of Sports Labs and continue to build a world-class laboratory and testing business headquartered right here in Scotland with our team of experts. We are delighted to be working with Allan, Chris and Ron and look forward to continuing to provide an industry-leading service to our existing and new clients across the Globe.”
King Group Managing Director, Allan King, added: “As we got to know Niall, Keith and the team over recent months it became clear they shared our excitement about the opportunity to build on the strong existing base they and their colleagues have created over recent years. We at King Group are proud of our Scottish roots and are excited by the opportunity to invest in an existing internationally successful business based locally. We very much look forward to supporting the whole Sports Labs team as we grow the business both here in the UK and through the existing international offices in the Netherlands, Italy, France and Scandinavia.”