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Announced

Completed

Gen Cap America completed the acquisition of Lab Products and Harford Systems from Avidity Science.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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manufacturing

designing

stainless steel

Private

United States

Medical Equipment

Iron and Steel

Single Bidder

fabrication

laboratory equipment

Friendly

Acquisition

Domestic

Majority

Private Equity

Completed

Synopsis

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Gen Cap America, a private equity firm, completed the acquisition of Lab Products, a lab animal housing solutions manufacturer and designer, and Harford Systems, a custom stainless steel and sheet metal fabricator, from Avidity Science, a water purification and delivery, control and monitoring and service solutions provider. Financial terms were not disclosed. "We are thrilled to partner with the exceptional management team at Lab Products & Harford Systems, led by CEO ­­­­­­­­­­­­­John Soper, in this investment. We look forward to working with the team to further build on the company's long track record of providing the highest quality animal housing and care equipment products and exceptional service to its customers," Chris Godwin, Gen Cap America Managing Director.

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