Heritage Global acquires American Laboratory Trading for $4.3M; adds $1.3M property

Heritage Global Inc.

Total consideration of $4.3M: $2.3M cash plus $2M subordinated promissory note at 3% due 2025.
Real property at 12 Colton Road, East Lyme, CT acquired separately for $1.3M.
ALT is a leading reseller of refurbished lab equipment with over 6,000 instruments in stock.
ALT President Jayson Bernstein remains in leadership; operations stay in East Lyme.
CEO Ross Dove says bolt-on acquisition strengthens biotech service offering and should have immediate bottom-line impact.

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