Compass Group has announced the sale of The Allied Group.
The Allied Group, based in Cranston, R.I., and founded in 1946, is a fulfillment services provider of document management, kitting and mailing services to healthcare and life science organizations.
The company was sold to Atlantic Street Capital portfolio company Lab Logistics, a provider of outsourced medical supplies, kitting and logistics services to the healthcare industry.
Compass Group, based in St. Louis, is a private equity firm focused on investing in lower middle market companies in a wide range of industries. Founded in 2015, the firm makes investments of up to $50 million in companies with enterprise values of $10 million to $100 million.
Terms of the transaction were not disclosed.