CSA Group is exploring a potential sale that could value the business at around $2 billion, according to Bloomberg.
Founded in 1919 and headquartered in Ontario, CSA Group develops industry standards and provides testing, inspection and certification services across sectors including electrical products, industrial equipment, energy, healthcare and consumer goods. The company operates laboratories and offices throughout North America, Europe and Asia. CSA is controlled by a non-profit organization owned by approximately 11,000 members, with proceeds from any sale expected to flow to a non-profit holding company to support future research and standards development, including work in emerging areas such as data centers.
Jefferies is serving as financial advisor to CSA Group on the sale process. Interested bidders reportedly include both private equity firms and strategic testing and certification companies.