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INDIANAPOLIS, Jan. 27, 2021 /PRNewswire/ Performance Validation, Inc., an Indiana based company providing Commissioning, Qualification, and Validation Services to the Life Science Industries, has acquired 100% of the interests of the Welsh Commissioning Group, Inc. (WCG) headquartered in Auburn, Washington. Structured as a 100 percent employee-owned private company, or an S corporation employee stock ownership plan (S ESOP), Performance Validation (PV) credits its success to its employee-owners who operate with a vested interest in the company s growth and development. Welsh employees will also become employee-owners through the acquisition. We are extremely pleased to have the Welsh Commissioning Group, Inc. join Performance Validation and the ownership culture we have here at PV, said Richard Van Doel, President and CEO of Performance Validation, Inc. Welsh will serve as an important growth engine for expanding PV s capabilities in
by: Alex Brown, Inside INdiana Business
Posted:
Jan 27, 2021 / 03:26 PM EST
INDIANAPOLIS (Inside INdiana Business) Indianapolis-based Performance Validation Inc. is adding to its portfolio. The company, which provides commissioning, qualification and validation services for pharmaceutical, biotechnology and medical device companies, has acquired Welsh Commissioning Group Inc., headquartered in Washington state.
Financial terms of the acquisition are not being disclosed. However, as an employee-owned company, Performance Validation says the Welsh employees coming on board will become employee-owners as a result of the deal.
“Welsh will serve as an important growth engine for expanding PV’s capabilities in providing Building Commissioning services and expand our geographic reach in providing Commissioning, Qualification, and Validation services to the life science industry,” Richard Van Doel, chief executive officer of Performance Validation, said in a news release.