NSL Analytical Services, Cleveland, announces that it has been acquired by May River Capital, a Midwestern investment firm with a unique approach to building businesses through partnership and collaboration.
NSL Analytical first opened its doors in 1945. Under the more recent leadership of Larry Somrack, the company has grown to approximately 75 employees serving over 1700 customers globally from two locations in Warrensville Heights, a Cleveland suburb. Today, NSL’s talented chemists, metallurgists, and technicians help customers achieve the highest standards of product quality from the design phase to product launch; testing metals, alloys, plastics, composites, and ceramic materials in powdered, solid, and liquid form.
“The board and I carefully evaluated the next phase of development for NSL, our employees, and our customers,” says Mr. Somrack. “We are pleased to be partnering with a group in May River that is like-minded and aligned with us on both the cultural values and the strategic path necessary to meet our collective goals.”
Mr. Somrack will continue with NSL Analytical as President Emeritus, lending his deep knowledge and years of experience to the next stages of the company’s development. Joining the leadership team will be Ron Wesel, Carey Lewis, and Andy Housley.
Mr. Wesel, who will serve as chief executive, is a seasoned general management and commercial leader with a career built on leading global teams through transformational growth in small and large businesses alike. Mr. Lewis, who will serve in growth and development, brings significant experience guiding strategic vision in the testing, inspection, certification, and compliance industry, including with Eurofins Scientific, EAG Laboratories, and Underwriters Laboratories. Mr. Housley, who will lead finance and administration, began his career with PricewaterhouseCoopers LLP prior to leading global financial operations within Eurofins Scientific and EAG Laboratories.
