Harvey & Company Initiates Fourth Add-On Acquisition for Thomas Scientific in Six Months; 38th Distribution Deal
Harvey & Company Initiates Four Add-On Acquisitions in Six Months for Thomas Scientific, Leading Laboratory Products Distributor. In the Last Two Years, Harvey & Company Has Initiated 14 Distribution Transactions, 38 in Total.
The private equity sponsor of Thomas Scientific, a distributor of laboratory and scientific products, engaged Harvey & Company to develop and execute on an add-on acquisition program soon after they acquired Thomas. Within a year of the closing of the platform, four Harvey-initiated proprietary add-on acquisitions have been completed. These transactions accomplished multiple strategic goals including geographic expansion, end market diversification, and product line extension. Harvey has built and continues to maintain a robust pipeline of future acquisitions.
December 2017 — Phenix Research Products (Candler, NC) is a distributor of life science consumables, equipment, and supplies to laboratory customers.
January 2018 — Denville Scientific (Holliston, MA) is a distributor of laboratory consumables and equipment, including reagents and tissue culture products, selling into bioresearch.
May 2018 — American CleanStat (Irvine, CA) is a distributor of cleanroom and controlled environment consumables through 5 locations in the US and Puerto Rico.
May 2018 — E&K Scientific (Santa Clara, CA) is a distributor of laboratory supplies and consumables, serving the biotech and life science end markets in the Bay Area.
These transactions represent four of the 14 distribution acquisitions Harvey & Company has initiated in the last 2 years. In total, Harvey & Company has initiated 38 distribution transactions.