Visualize Group to Acquire BMM Testlabs
The Visualize Group, a private investment firm focused on concentrated investing in mission-critical, services-based companies, announced that it has agreed to acquire BMM Testlabs, a leading provider of testing, inspection, compliance, and certification (TICC) services for the global regulated gaming industry.
BMM Testlabs President and Chief Executive Officer Martin Storm will retain a significant stake as part of the transaction and continue leading the business. Financial terms of the transaction were not disclosed, and the transaction is subject to regulatory approvals.
Headquartered in Las Vegas and founded in 1981, BMM provides TICC services to gaming product suppliers in regulated gaming markets across six continents.
With a 44-year track record of commitment to integrity, innovation and technical excellence, BMM ensures that gaming products meet regulatory standards and deliver secure, fair and reliable experiences.
As part of the transaction, Visualize will implement a broad-based employee ownership program to allow BMM’s employees the opportunity to participate in Visualize’s value creation plan for BMM, which includes several pre-identified organic and inorganic growth initiatives.
“For 44 years, BMM has dedicated itself to becoming the premier service provider and partner to gaming regulators, suppliers and operators, ensuring that regulated gaming is conducted safely, transparently, and compliantly,” Storm said. “Partnering with Visualize marks an exciting new chapter, as together we will drive growth for BMM and seize the immense opportunities within the evolving gaming market.”
C.C. Melvin Ike, managing partner of Visualize, said, “As thematic investors, we strive to invest in exceptional businesses and management teams providing mission-critical services in growing markets. BMM exemplifies this. Our team has closely studied the rapid global expansion of regulated gaming markets, and we believe this trajectory will continue.”
