Cryoport - M&A Summary and Business Overview

TransportationCompany

Cryoport M&A Summary

Cryoport has acquired 8 companies, including 8 in the last 5 years. A total of 1 acquisition came from private equity firms.

Cryoport’s largest acquisition to date was in 2020, when it acquired Chart Industries - Cryobiological Products Business for $320M. Cryoport has acquired in 3 different US states, and 4 countries. The Company’s most targeted sectors include transportation (50%) and life science (13%).

Cryoport Business Overview

Where is Cryoport headquartered?

Cryoport is headquartered in Brentwood, Tennessee.

What is Cryoport’s revenue?

Cryoport disclosed revenue of 237M USD for 2022 and 223M USD for 2021.

How many employees does Cryoport have?

Cryoport has 1,000 employees.

What sector is Cryoport in?

Cryoport is a transportation company.

When was Cryoport founded?

Cryoport was founded in 1999.

M&A Summary

  • M&A Total Activity8
    • M&A Buy Activity8
  • Total Sectors Invested 5
  • Total Countries Invested 4
  • M&A Buy/Sell Connections 2
  • M&A Advisors 2

Cryoport

Cryoport, Inc.

112 Westwood Place, Suite 350,
Brentwood, Tennessee 37027
United States,
(949) 470-2300
www.cryoport.com

Cryoport is a trusted global provider of temperature-controlled logistics solutions for life sciences commodities during distribution, serving the biopharmaceutical market with logistics solutions for biologic materials, such as regenerative medicine, including immunotherapies, stem cells, and CAR-T cells. Cryoport's solutions are used by point-of-care, CRO's, central laboratories, pharmaceutical companies, manufacturers, university researchers et al; as well as the reproductive medicine market, primarily in IVF and surrogacy; and the animal health market, primarily in the areas of vaccines and reproduction. Cryoport's proprietary Cryoport Express® Shippers, Cryoportal Logistics Management Platform, leading-edge SmartPak II Condition Monitoring System and geo-sensing technology, paired with unparalleled cold chain logistics expertise and 24/7 client support, make Cryoport the end-to-end cold chain logistics partner that the industry trusts. Cryoport was incorporated in 1999 and is based in Brentwood, Tennessee.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (1.4/yr) # 1 3 2 1 1 - 8
vol $367M $5M $7M $379M
Sell (0.0/yr) # - - - - - - 0
  8

Most Recent M&A

Company Date Value Type
Bluebird Express LLC 2023-11-16 - Add-on Acquisition
Valley Stream, New York · www.bluexps.com
Cell&Co BioServices 2022-04-18 7M EUR Add-on Acquisition
Clermont-Ferrand, France · www.cell-and-co.com
F-Airgate 2021-05-18 - Add-on Acquisition
Brucargo, Belgium · www.fairgate.be
Critical Transport Solutions Australia Pty Ltd. 2021-04-06 5M USD Add-on Acquisition
Castle Hill, Australia · www.criticaltransport.com.au
MVE Biological Solutions 2020-08-25 - Divestiture
Ball Ground, Georgia
Chart Industries, Inc. - Cryobiological Products Business 2020-08-25 320M USD Divestiture
Ball Ground, Georgia
CRYO International 2020-08-21 47M EUR Add-on Acquisition
Bobigny, France · www.cryopdp.com
Cryogene Partners 2019-05-14 - Add-on Acquisition
Houston, Texas · www.cryogenelab.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Transportation 4 (50%) 52M (14%) - -
Life Science 1 (13%) 7M (2%) - -
Manufacturing 1 (13%) - - -
Medical Products 1 (13%) 320M (84%) - -
Real Estate 1 (13%) - - -
Total 8 $379M - -

By Geo

State/Country Buy Value Sell Value
United States 4 320M - -
  Georgia 2 320M - -
  Texas 1 - - -
  New York 1 - - -
France 2 54M - -
Australia 1 5M - -
Belgium 1 - - -
Domestic 4 (50%) 320M (84%) - -
Cross-border 4 (50%) 59M (16%) - -
Total 8 $379M - -

Top M&A Advisors

Financial Deals
Morgan Stanley
 1
Legal Deals
Latham & Watkins
 1

Deal Values

buy # Total
$100M to $1B 1 $320M
< $100M 3 $59M
TOTAL $379M
Largest Chart Industries, Inc. - Cryobiological Products Business
$320M (2020-08-25)

M&A Connections

Deals
Acquired from
Investor(s)
13%
1 (13%)
Strategic(s)
25%
2 (25%)

Company Summary

SECTOR

Transportation

Revenue

237   7% 2022
223   183% 2021
79   133% 2020
34   70% 2019
20   67% 2018
12   50% 2017
8   2016
(millions of USD) Show More Show Less

Employees

1,000

Established

1999

Public

NASDAQ: CYRX

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