Acquisition of BMM Testlabs by Visualize Group announced
Hop on board as we dive into the latest industry news! Private investment firm, The Visualize Group, has recently announced a deal to acquire BMM Testlabs - a leading provider of gaming testing, inspection, compliance, and certification services.
BMM Testlabs' current CEO, Martin Storm, is set to retain a significant stake and continue leading the business.storm himself shared a statement, stating, "BMM has always prioritized being the premier service provider for gaming regulators, suppliers, and operators... Partnering with Visualize marks an exciting new chapter. Together, we'll drive growth for BMM and seize opportunities in the ever-evolving gaming industry."
Based in sunny Las Vegas, Nevada, since 1981, BMM Testlabs supplies testing, inspection, compliance, and certification (TICC) services to gaming product suppliers across six continents. In this transaction, Visualize will instate an employee ownership program, giving BMM's staff a stake in the company's growth plan, which includes strategic organic and inorganic initiatives.
According to Visualize Managing Partner, C.C. Melvin Ike, "BMM epitomizes our standards as a thematic investor...The rapid global expansion of regulated gaming markets will continue, and the demand for safe and compliant gaming will surge as new jurisdictions open around the world. With BMM's global footprint, technical expertise, and solid reputation, we're confident they're the best-positioned regulatory tech platform to capitalize on the market opportunity."
Financial details are still under wraps, and the deal awaits regulatory approvals. Keep your eyes peeled for updates on this thrilling collaboration in the gaming industry!
The Visualize Group
Before we dive into the specifics, let's get to know The Visualize Group. This innovative private investment firm, founded in 2023, boasts a mission-critical focus on services-based companies. It's led by C. C. Melvin Ike, former Managing Director at Blackstone, alongside experienced investors from firms such as Golden Gate Capital and HIG Capital. Backed by university endowments, foundations, and prominent family offices, The Visualize Group operates as a 100% employee-owned partnership.
BMM Testlabs
BMM Testlabs, the global leader in gaming certification, has been a game-changer in the industry since its inception in 1981. Over the years, BMM has tested and certified various gaming products, including Class III, Class II, VLT, AWP, HHR, online/iGaming, sports betting, and lottery products. As the first to write independent gaming standards in 1992 and online gaming standards in 2001, BMM holds a pioneering position in the industry.
- The Visualize Group, an innovative private investment firm with a mission-critical focus on services-based companies, has recently announced a deal to acquire BMM Testlabs.
- C.C. Melvin Ike, Managing Partner at The Visualize Group, noted that BMM epitomizes their standards as a thematic investor, positioning it as an ideal acquisition.
- BMM Testlabs, a leading provider of gaming testing, inspection, compliance, and certification services, has been in operation since 1981 and supplies its services to gaming product suppliers across six continents.
- In this transaction, The Visualize Group will instate an employee ownership program, giving BMM's staff a stake in the company's growth plan, which includes strategic organic and inorganic initiatives.
