Fastest Labs

WILMINGTON, N.C. — Fastest Labs, a leading national drug, alcohol, and DNA testing company, is expanding its presence in North Carolina with a new franchise location in Wilmington, NC. The move marks a significant stride in the company’s efforts to provide fast, affordable, and reliable testing services to the region. Fastest Labs of Wilmington is located at 2011 Corporate Drive, Unit #1 in Wilmington and recently opened its doors in February 2024. The new franchise will serve a large area stretching from Jacksonville, NC to Calabash, NC.

Kenneth & Stacy Baker, owner of Goldstream, Inc, a veteran-owned small business holding the Fastest Labs franchise in North Carolina, plan to expand over the next several months. “We are thrilled to welcome Ken and Stacy to the Fastest Labs nationwide family of clinics,” said Dave Claflin, founder and CEO of Fastest Labs. Under Claflin’s leadership, Fastest Labs has grown into one of the country’s fastest-growing drug testing franchise businesses. Kenneth, a Marine Corps Veteran, recognized a need for a better experience and a change in the drug testing environment. “Employees are by far a company’s most valuable resource; we should honor them by giving them a Safe, Drug Free work space,” he said. Ken added, “When you have leading technology at the forefront of an industry it drives efficiency.” Stacy, a Nurse, understands Fastest Labs can provide solutions for a wide range of issues in the workplace, courts, and homes. “Ken and I have committed ourselves to the community by providing a judgment-free service and helping the area be a safe & healthy place to work, visit, live, learn and earn,” she said.

The new clinic will operate Monday to Friday from 9:00 am to 5:00 pm, with Mobile on-site and 24/7 emergency after hours services available. Fastest Labs of Wilmington looks forward to serving the Coastal Region of North Carolina, communities and residents with fast, friendly and efficient testing services.

SAN ANTONIO — Fastest Labs, a leading nationwide provider of drug, alcohol, and DNA testing services based in San Antonio, today announced its acquisition by LP First Capital and Genesis Park. This partnership will provide Fastest Labs with the resources and support necessary to accelerate growth, expand its footprint, and enhance the company’s overall offerings to customers and franchisees.

Fastest Labs, founded by Dave Claflin, has been a leader in the drug, alcohol, and DNA testing industry, delivering fast, reliable, and accurate testing solutions to clients across the United States. The company’s cutting-edge technology and commitment to exceptional customer service have made it the go-to choice for both individuals and organizations seeking testing services.

As the first franchisor to be acquired as part of a broader business services portfolio of brands, Fastest Labs sets the stage for further expansion and collaboration among businesses within this rapidly evolving sector.

LP First Capital, a business services focused private equity firm, specializes in partnering with family-owned, founder-led businesses to help them achieve their full potential by providing capital, operational expertise, and strategic guidance. Genesis Park is a Houston-based investment firm that provides flexible debt and equity capital solutions to lower middle market businesses across various sectors.

Thomas Ince, Managing Director and Founder of LP First Capital, expressed enthusiasm for the acquisition, stating, “Fastest Labs has shown tremendous potential and is a perfect fit for our business services platform. We are excited to work closely with Dave Claflin and his team to expand the company’s reach and enhance its offerings to better serve the needs of our customers.”

Gina Luna, Managing Partner of Genesis Park said, “Dave and his team have built an impressive business with a reputation for providing the most efficient and highest quality testing services. We are excited to partner with LP First Capital and the management team to support Fastest Labs through its next phase of growth.”

Dave Claflin, founder of Fastest Labs, also shared his optimism about the partnership, saying, “We are thrilled to join forces with LP First Capital and Genesis Park. Their focus on family-owned, founder-led businesses and commitment to supporting our growth in the business services sector will enable Fastest Labs to continue delivering the highest quality testing services and strengthening our position as a leader in the industry.”

The acquisition of Fastest Labs by LP First Capital and Genesis Park marks a significant milestone for all parties involved, as they work together to create a robust business services platform. This collaboration will undoubtedly foster continued success for Fastest Labs and its franchisees, and the partnership’s shared vision for growth and innovation will shape the future of the drug, alcohol, and DNA testing industry.

To learn more about LP First Capital and Genesis Park, visit www.lpfirstcapital.com and www.genesis-park.com, respectively.

About LP First Capital
LP First Capital is a business services focused private equity firm that specializes in partnering with family-owned, founder-led businesses to help them achieve their full potential. By providing capital, operational expertise, and strategic guidance, LP First Capital helps provide the support and tools needed to grow and develop its portfolio companies. The firm’s experienced team of industry professionals is dedicated to driving value and generating superior returns for all stakeholders.

About Genesis Park
Genesis Park is a Houston-based private credit and equity investment firm. Its current investment fund, GP Capital Partners, LP, is licensed as a Small Business Investment Company (“SBIC”) by the U.S. Small Business Administration. Genesis Park supports growth and later stage lower middle market businesses through flexible debt and equity capital solutions and strategic guidance. Genesis Park generally targets companies with at least $10 million of revenue and $2 million of EBITDA, with proven business models and seasoned management teams. Managed by four experienced investment professionals with broad regional relationships, Genesis Park is committed to partnering with the companies and management teams in which it invests to facilitate growth, transition, and success. For more information, visit www.genesis-park.com.

Boxwood Partners served as the exclusive financial advisor to Fastest Labs

Exceptional Culture Drives DNA and Drug Testing Franchise’s Rapid National Growth.

SAN ANTONIO — Fastest Labs, the industry-leading drug, alcohol and DNA testing franchise, recently received inclusion as one of the top 100 franchises of Franchise Business Review’s Culture100™ Awards 2021. Over 28,000 franchise owners from 224 brands were surveyed on leadership, mission, community and overall satisfaction of franchisees to find the top companies who put culture first. This accolade comes after Fastest Labs was also named in the Top 100 Best Recession-Proof Businesses to Start in 2021 list by Franchise Business Review earlier this year.

“Culture is the single most important asset a company possess and so it’s a true honor to be recognized as a top culture franchise by Franchise Business Review,” said Dave Claflin, CEO and founder of Fastest Labs. “Our top priority is ensuring our franchisees feel like they’re family, and we strive to provide them with the resources and training they need to continue to grow and succeed. In an effort to help franchisees, we have created several new initiatives and technology to support future sales growth. We wouldn’t have this great culture without our amazing franchisees. They believe in our values as a business, and continue to impress us with their hard-working mentalities – it’s rewarding to see all this hard work being recognized by the franchise industry.”

These recognitions come after an incredible start to the year for Fastest Labs, as franchise development nears a major milestone of 100 signed agreements. The brand currently sits at 60 locations – with 88 franchise agreements signed and more than twelve in development – across 23 states. Just this year the fast-growing brand has signed 13 franchise agreements, and is on track to have a record-breaking year as its exceptional culture continues to attract new franchisees to the Fastest Labs family.

The 2021 Franchise Culture100 Awards list identifies the franchise brands that are creating a winning culture among its franchise owners. The ranking is based on a series of questions that focus on leadership, core values, honesty, integrity and overall support. Franchisees were also asked a number of key metric questions that helped showcase their level of happiness with the franchise. To view Fastest Labs in the full ranking, visit franchisebusinessreview.com/post/top-franchise-culture-awards/.

Fastest Labs is a non-medical drug testing franchise specializing in drug, alcohol and DNA testing services for private individuals and corporate America. Types of B2B services include urine screening, hair testing, fingernail testing, saliva testing, sweat patch testing, DNA paternity, background check and managing drug/alcohol programs.

For more information on Fastest Labs and its franchise opportunities, please visit www.fastestlabs.com/own-a-franchise/.

DNA and Drug Testing Franchise Continues to Grow as it Aims to Add 12 Locations to the State by 2022.

COOKEVILLE, Tenn. — Fastest Labs, a Drug, Alcohol and DNA Testing franchise, has added a new location in Cookeville, Tennessee to its growing list of facilities across America. This new location marks the first Fastest Labs in the state, having opened in April 2021, and is located at 545 E. Spring St. The growing franchise brand aims to develop an additional 12 locations across Tennessee, through strategic franchise partnerships, in territories including Chattanooga, Knoxville and Murfreesboro.

The newest franchisee to be welcomed to the Fastest Labs family, Amanda Howard, is an accomplished business owner and attorney. Howard’s experience working with clients to get drug, alcohol and DNA testing is what prompted her to get involved with the drug testing franchise. Howard first realized the need for a solution within her community when she learned her clients would have to drive over two hours just to get tested at the nearest lab, and then wait several weeks to get results. On top of owning her own law practice, Howard is a single mom to two daughters and was looking for a franchise opportunity that would provide a solution to her community while being easy to manage as a working mother.

“What drew me to the Fastest Labs franchise opportunity was how easy they have made the process to open and run the business,” said Howard. “Working with the Cookeville community, I saw a huge need for safe, quick and easy testing. Fastest Labs provided all of those options and their team worked with me every step of the way to make sure we are successful. They’ve created a system for franchisees to be supported by assisting us in finding a location, training and hiring a staff and more. They made opening my first location so easy and I’m definitely considering opening another facility in the future.”

With a determined leadership team, committed group of franchise partners and a heightened demand for services, Fastest Labs has accelerated development efforts, with the goal of reaching 100 locations by year-end. The brand currently sits at 58 locations – with more than twelve in development – across 22 states. In the last year, the brand signed 19 franchise agreements, the most it’s seen since it began franchising in 2010. Fastest Labs is on track to have a historic, record-breaking year as it is on track to continue hitting major milestones and breaking into new states across the country.

“We’re excited to welcome Amanda to the Fastest Labs family, and her immense business knowledge is a huge asset to our team,” said Dave Claflin, the CEO and Founder of Fastest Labs. “As we continue to grow our franchise, we are always looking for hard working and service-focused individuals, and Amanda exemplifies that. Her passion to serve the community and driven work ethic is truly inspiring, and we’re eager to see all of her future success.”

Fastest Labs is a non-medical drug testing franchise specializing in drug, alcohol and DNA testing services for private individuals and corporate America. Types of B2B services include urine screening, hair testing, fingernail testing, saliva testing, sweat patch testing, DNA paternity, background check and managing drug/alcohol programs.

Each location is committed to seeing individuals within five minutes of their arrival with no appointment necessary, as Fastest Labs’ proprietary technology eliminates the need for paperwork. With their advanced system, test results are uploaded into an individual’s client portal within seconds of testing. With a customer promise to offer the cleanest and fastest service in the industry, Fastest Labs is not offering COVID tests in their facilities.

For more information on Fastest Labs and its franchise opportunity, please visit https://www.fastestlabs.com/own-a-franchise/.

DNA and Drug Testing Franchise Accelerates Development; Continues to Target the State of Utah.

SANDY, Utah — Fastest Labs, a Drug, Alcohol and DNA Testing franchise, has welcomed a new franchise to the system in Sandy, Utah, which opened its doors in November 2020. Along with this new addition, owner Stephen Collings has inked four territories throughout Sandy Utah County with plans to open and develop a new location each year in the next 4-5 years. These territories include Provo, Lehi, South Salt Lake City and Ogden. These new agreements will add to the current Fastest Labs location located in North Salt Lake City, Utah.

Behind this continued development deal is Stephen Collings, who brings decades of leadership experience to the Fastest Labs franchise system. Collings has spent over 25 years of his previous career climbing the corporate ladder at a contracting company, holding upper management positions, and later a VP, part owner and president role, until he later decided step down from this roles to spend three years in Africa as a missionary. Upon returning back to the states, Collings knew he wanted to dive back into business leadership, without having to reinvent the wheel, leading him to explore franchising, specifically Fastest Labs. A local of the Salt Lake City area for most of his life, Collings plans to grow into a new territory across the state each year.

“Everything about the Fastest Labs business model, and the direction the overall industry is headed, paired with the immediate and genuine connection with Dave Claflin, made this opportunity that much more appealing,” said Collings. “It’s evident that this business model works, and was crafted with the franchise network’s success top-of-mind. As the nation begins to bounce back from COVID-19 and the economy starts to recover, our services will prove crucial to those stepping back into the workforce, and I’ll work tirelessly to make sure the community is served as quickly and safely as possible.”

With a determined leadership team, committed group of franchise partners and a heightened demand for services, Fastest Labs has accelerated development efforts, with the goal of reaching 100 locations by year-end. The brand currently sits at 58 locations – with more than six in development – across 20 states. In the last year, the brand signed 19 franchise agreements, the most the brand has seen since it began franchising in 2010, and is on track to continue hitting milestones and breaking into new states across the U.S.

“We are humbled to welcome Stephen to our franchise system late last year, and are looking forward to witnessing his goals to expand throughout the state of Utah,” said Dave Claflin, the CEO and Founder of Fastest Labs. “His drive to succeed and establish the Fastest Labs brand throughout his home state is truly inspiring to see, as his determination was clearly evident from his initial multi-unit signing and passion for this booming industry.”

Fastest Labs is a non-medical drug testing franchise specializing in drug, alcohol and DNA testing services for private individuals and corporate America. Types of B2B services include urine screening, hair testing, fingernail testing, saliva testing, sweat patch testing, DNA paternity, background check, and managing drug/alcohol programs.

Each location is committed to seeing individuals within five minutes of their arrival with no appointment necessary, as Fastest Labs’ proprietary technology eliminates the need for paperwork. With their advanced system, test results are uploaded into an individual’s client portal within seconds of testing. With a customer promise to offer the cleanest and fastest service in the industry, Fastest Labs is not offering COVID tests in their facilities.

For more information on Fastest Labs and its franchise opportunity, please visit https://www.fastestlabs.com/own-a-franchise/.