Global ID Group acquired by Paine & Partners
Global ID Group, a market leading platform dedicated to providing food safety and food quality solutions in the food industry, has been acquired by Paine & Partners LLC, a global private equity investment firm dedicated to investing in food and agribusiness.
Headquartered in Fairfield, with additional locations across Europe and South America, Global ID has a diversified base of more than 15,000 blue-chip customers across more than 100 countries. The company is comprised of three complementary segments: Genetic ID, CERT ID, and FoodChain ID, which together provide a comprehensive suite of food testing, food certification and supply chain compliance software and service solutions.
Ken Ross, CEO of Global ID, said, “Since our founding, Global ID has been at the forefront of the rapidly evolving and demanding food safety industry. As we look toward the future, we see significant opportunities for us to build on our strong foundation, as demand for food safety and quality continues to increase. In Paine & Partners, we have a partner whose experience in the agribusiness industry and resources can help us achieve our growth plans as we enter the next phase of our development. We thank our employees for their continued hard work and commitment to providing our customers with the world class testing and certification services they expect from us.”
Angelos Dassios, Partner of Paine & Partners, said, “We have seen the increasing focus on food safety at several of our portfolio companies firsthand, which led to our team strategically developing a deep understanding of the food safety and testing sector. As one of the largest food and agribusiness focused private equity firms, we intend to be a strong, value-added partner to Global ID. Given rising consumer awareness, the globalization of the food chain and the increasing complexity of the regulatory environment, we see strong tail winds that will support Global ID’s growth as an industry leader. We are enthusiastic about partnering with the Global ID management team to achieve their organic growth and acquisition ambitions, and look forward to capturing the opportunities that lay ahead.”
Mario Van Dijk, CFO of Global ID, said that “the full management team will remain in place and continue to lead Global ID’s worldwide operations. We are anticipating continued and increasing growth. We currently have over 80 staff in Fairfield, with the need to hire qualified staff to accommodate our expansion, especially in Fairfield.”
“This is a very exciting chapter for the company,” said Heather Secrist, CEO of Genetic ID. “We look forward to expanding our operations in both in Fairfield and in our other offices in Europe and South America.”