Skip to Content News Archives Economy Energy Oil & Gas Renewables Electric Vehicles Mining Commodities Agriculture Real Estate Mortgages Mortgage Rates Finance Banking Insurance Fintech Cryptocurrency Work Wealth Smart Money Wealth Management Investor Personal Finance Family Finance Retirement Taxes High Net Worth FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials More Innovation Information Technology FP500 Podcasts Small Business Lives Told Tails Told Shopping Financial Post Store Obituaries Place a Notice Advertising Advertising With Us Advertising Solutions Postmedia Ad Manager Sponsorship Requests Classifieds Place a Classifieds ad Working Profile Settings My Subscriptions Saved Articles My Offers Newsletters Customer Service FAQ News Economy Energy Mining Real Estate Finance Work Wealth Investor FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials HomeNewsCanadian testing company CSA taps Jefferies to explore a saleCSA is ultimately controlled by a non-profit organization rather than traditional shareholdersAuthor of the article: You can save this article by registering for free here. Or sign-in if you have an account.CSA develops standards and provides testing, inspection and certification services across sectors including electrical products, industrial equipment, energy, healthcare and consumer goods. Photo by Tannis Toohey/Toronto Star via Getty ImagesCSA Group, the Canadian product testing and certification company, is exploring a sale that could value the business at around $2 billion, according to people familiar with the matter.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountorJefferies Financial Group Inc. is advising on the sale of the business and is collecting first-round bids, said the people, asking not to be identified because the process is confidential. Interested parties include several private equity firms as well as other testing companies, the people said.Breaking business news, incisive views, must-reads and market signals. Weekdays by 9 a.m.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Posthaste will soon be in your inbox.We encountered an issue signing you up. Please try againCSA didn’t respond to requests for comment. A Jefferies spokesperson declined to comment.The process is ongoing and there’s no guarantee a transaction will occur, the people said.CSA is ultimately controlled by a non-profit organization rather than traditional shareholders. The organization is owned by roughly 11,000 members, and proceeds from any sale would flow to a non-profit holding company that would fund future research and standards development, including work in emerging areas such as data centres, one of the people said.Founded in 1919, CSA develops 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 in North America, Europe and Asia. Join the Conversation This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.