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New Deal


Announced

Arsenal Capital Partners to acquire the Enabling Services segment assets of Fortrea.

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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contract research organization

Majority

Private

Private Equity

Completed

Friendly

Single Bidder

United States

Biotechnology

Acquisition

Domestic

Synopsis

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Arsenal Capital Partners, a private equity firm specializing in building market-leading, technology-rich healthcare companies, agreed to acquire the Enabling Services segment assets of Fortrea, a global contract research organization. Financial terms were not disclosed. "Today marks a significant milestone in Fortrea’s ongoing journey, as we sharpen our focus on organically growing as a pure-play CRO, with added financial flexibility," Tom Pike, Fortrea Chairman and CEO.

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