Announced
Financials
Sources
Tags
contract research organization
Majority
Private
Private Equity
Completed
Friendly
Single Bidder
United States
Biotechnology
Acquisition
Domestic
Synopsis
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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