Quick Take
Intertek (OTCPK:IKTSY) has announced it has agreed to acquire Alchemy Systems for $480 million.
Alchemy provides People Assurance solutions to companies in a variety of employee-intensive industries.
IKTSY needs to generate topline revenue growth and the Alchemy deal is a natural addition to its suite of quality assurance offerings.
Target Company
Austin, Texas-based Alchemy was founded in 1996 to provide workers with training in the distribution, manufacturing, restaurant, retail and food processing industries.
Management is headed by CEO Jeff Eastman, who has been with the firm since 2008 and was