M&A Deal Summary

Inotiv Acquires ILS

On January 10, 2022, Inotiv acquired life science company ILS from Sier Capital Partners for 56M USD

Acquisition Highlights
  • This is Inotiv’s 6th transaction in the Life Science sector.
  • This is Inotiv’s largest (disclosed) transaction.
  • This is Inotiv’s 7th transaction in the United States.
  • This is Inotiv’s 2nd transaction in North Carolina.

M&A Deal Summary
Date 2022-01-10
Target ILS
Sector Life Science
Buyer(s) Inotiv
Sellers(s) Sier Capital Partners
Deal Type Add-on Acquisition
Deal Value 56M USD
Advisor(s) Edgemont Capital Partners LP (Financial)

Target

ILS

Morrisville, North Carolina, United States
website
ILS is a contract research organization that provides a comprehensive range of toxicity testing solutions for government and commercial clients. ILS was founded in 1985 and is based in Morrisville, North Carolina.

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Buyer(S) 1

Buyer

Inotiv

West Lafayette, Indiana, United States

website

Category Company
Founded 1974
Sector Life Science
Employees2,099
Revenue 548M USD (2022)
DESCRIPTION

Inotiv is a pharmaceutical development company providing contract research services and niche instrumentation, serving both the life sciences industries, primarily in drug research and development. Inotiv was founded in 1974 and is based in West Lafayette, Indiana.

DEAL STATS #
Overall 7 of 9
Sector (Life Science) 6 of 8
Type (Add-on Acquisition) 5 of 7
State (North Carolina) 2 of 2
Country (United States) 7 of 9
Year (2022) 2 of 4
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-06 Robinson Services - Rabbit Breeding & Supply Business

Mocksville, North Carolina, United States

Robinson Services' Rabbit Breeding & Supply Business provides rabbit breeding services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-25 Histion

Everett, Washington, United States

Histion provides a histopathological evaluation of medical devices (including drug/device and biologic/device combinations), based in Everett, Washington.

Buy -

Seller(S) 1

SELLER

Sier Capital Partners

Investor Investor Investor

website

Category Private Equity Firm
Founded 2002
Size Small
Type Sector Agnostic
DESCRIPTION

Sier Capital Partners is a private investment firm focused on partnering with successful lower middle-market companies. Sier is sector agnostic however the Firm has a particular interest in businesses with recurring revenue business models and that operate in fragmented industries. Target companies are typically profitable with at least $2 million of EBITDA. Sier Capital Partners was formed in 2002 and is headquartered in Akron, Ohio.

DEAL STATS #
Overall 1 of 1
Sector (Life Science) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (North Carolina) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-12 LLK

Strongsville, Ohio, United States

LLK is a provider of design, build, and maintenance services for commercial greenhouses. LLK is based in Strongsville, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-08 US Electric

Seattle, Washington, United States

US Electric is a provider of electrical repair services to marine vessels along the West Coast. The company's engineering team is able to bring its customers routine & emergency repairs across a wide range of vessels including, cargo, fishing, ferries, cruise ships, navy transports, and other vessels - significantly reducing downtime. US Electric is based in Seattle, Washington.

Buy -
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