NSL Analytical Services has been acquired by Chicago-based 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 1,700 customers globally from two locations in Warrensville Heights, Ohio. Today, NSL's chemists, metallurgists, and technicians seek to 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,” Somrack said in a statement. “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.”
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 with Somrack will be Ron Wesel, Carey Lewis and Andy Housley. Wesel, who will serve as chief executive, commended Somrack, adding: "Thanks to Larry's decades of leadership, NSL's expert team, and the value they provide customers around the world, NSL has experienced consistent and impressive growth. We are excited to preserve and build upon that legacy, and to support the kind of continued investment in innovation, scientific capabilities and talent that will drive NSL Analytical forward in the future.”