Visualize Group is a private investment firm focused on service-oriented businesses, which has announced the acquisition of BMM Testlabs.
According to the agreement, Martin Storm, President and CEO of BMM Testlabs, will retain a significant shareholding and continue to lead the company after the acquisition. The financial details of the transaction have not been disclosed and are pending regulatory approval.
Founded in 1981 and headquartered in Las Vegas, BMM provides compliance services to gaming product suppliers across six continents. The company holds over 700 licenses globally and has offices in 16 countries including Argentina, Brazil, Peru, and Australia. Its clients include Class II and III gaming, iGaming, lotteries, and sports betting sectors.
Visualize is committed to supporting BMM's next phase of growth through investment in organic and external expansion strategies, while maintaining the company's commitment to compliance and excellent service. With this acquisition, Visualize will introduce a comprehensive employee stock ownership plan, enabling employees to participate in future value creation.
Visualize's Managing Partner, CC Melvin Ike, stated that the acquisition reflects the company's strategy to invest in businesses that provide critical mission services in growth markets, and mentioned BMM's global influence and regulatory reputation as key factors in making this decision.
The acquisition aims to expand BMM's operational scale and capabilities to serve the rapidly evolving global regulated gaming industry.
