M&A Deal Summary

BioLife Solutions Acquires SciSafe

On September 21, 2020, BioLife Solutions acquired life science company SciSafe for 39M USD

Acquisition Highlights
  • This is BioLife Solutions’ 1st transaction in the Life Science sector.
  • This is BioLife Solutions’ largest (disclosed) transaction.
  • This is BioLife Solutions’ 4th transaction in the United States.
  • This is BioLife Solutions’ 1st transaction in New Jersey.
Investment Fate
  • SciSafe was divested to a consortium of buyers in 2024 for 73M USD.

M&A Deal Summary
Date 2020-09-21
Target SciSafe
Sector Life Science
Buyer(s) BioLife Solutions
Deal Type Add-on Acquisition
Deal Value 39M USD

Target

SciSafe

Cranbury, New Jersey, United States
SciSafe is a provider of biological materials storage to the cell and gene therapy and pharmaceutical industries. SciSafe was established in 2010 and is based in Cranbury, New Jersey.

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Buyer(S) 1

Buyer

BioLife Solutions

Bothell, Washington, United States
Category Company
Founded 1987
Sector Life Science
Employees409
Revenue 143M USD (2023)
DESCRIPTION

BioLife Solutions is a developer, manufacturer and supplier of proprietary clinical grade cell and tissue hypothermic storage and cryopreservation freeze media for cells and tissues. Our proprietary HypoThermosol® and CryoStor® platform of solutions are highly valued in the regenerative medicine, biobanking and drug discovery markets. Our biopreservation media products are serum-free and protein-free, fully defined, and are formulated to reduce preservation-induced cell damage and death; offering commercial companies and clinical researchers significant improvement in shelf life and post-preservation viability and function. BioLife Solutions was founded in 1987 and is based in Bothell, Washington.

DEAL STATS #
Overall 4 of 6
Sector (Life Science) 1 of 2
Type (Add-on Acquisition) 3 of 5
State (New Jersey) 1 of 1
Country (United States) 4 of 6
Year (2020) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-12 Custom Biogenic Systems

Bruce Township, Michigan, United States

Custom Biogenic Systems designs and manufactures laboratory products and supplies including cryogenic freezers, isothermal freezers, and controlled rate freezers. Custom Biogenic Systems was founded in 1987 and is based in Bruce Township, Michigan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-22 Stirling Ultracold

Athens, Ohio, United States

Stirling Ultracold is a manufacturer of ultra-low temperature ("ULT") mechanical freezers. Stirling Ultracold also produces the industry's only portable ULT solution available for remote clinical trials and biologic drug delivery. Stirling Ultracold was founded in 2009 and is based in Athens, Ohio.

Buy -
Mergr

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