M&A Deal Summary

Canyon Labs Acquires iuvo - Lab Services & Scientific Consulting Divisions

On January 7, 2025, Canyon Labs acquired life science company iuvo - Lab Services & Scientific Consulting Divisions from iuvo

Acquisition Highlights
  • This is Canyon Labs’ 1st transaction in the Life Science sector.
  • This is Canyon Labs’ 1st transaction in the United States.
  • This is Canyon Labs’ 1st transaction in New York.

M&A Deal Summary

Date 2025-01-07
Target iuvo - Lab Services & Scientific Consulting Divisions
Sector Life Science
Buyer(s) Canyon Labs
Sellers(s) iuvo
Deal Type Divestiture

Target

iuvo - Lab Services & Scientific Consulting Divisions

Rush, New York, United States
iuvo's Lab Services & Scientific Consulting Divisions provide laboratory services.

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Buyer(S) 1

Buyer

Canyon Labs

Bluffdale, Utah, United States

Category Company
Founded 2020
Sector Life Science
DESCRIPTION

Canyon Labs is a provider of comprehensive testing and technical consulting services for the pharmaceutical and medical device industries. Canyon Labs delivers turnkey solutions, including sterilization, analytical microbiology and chemistry testing, biocompatibility, packaging validation, and expert consulting. Canyon Labs was formed in 2020 and is headquartered in Bluffdale, Utah.


DEAL STATS #
Overall 1 of 1
Sector (Life Science) 1 of 1
Type (Divestiture) 1 of 1
State (New York) 1 of 1
Country (United States) 1 of 1
Year (2025) 1 of 1

Seller(S) 1

SELLER

iuvo

Rush, New York, United States

Category Company
Founded 1978
Sector Life Science
DESCRIPTION

iuvo is a partner research organization (PRO) serving the medical device and pharmaceutical industries. iuvo offers technical and regulatory consulting services, contract laboratory services, and contract sterilization out of its two locations, in Rush, New York, and Erie, Pennsylvania. iuvo was founded in 1978 and is based in Rush, New York.


DEAL STATS #
Overall 1 of 1
Sector (Life Science) 1 of 1
Type (Divestiture) 1 of 1
State (New York) 1 of 1
Country (United States) 1 of 1
Year (2025) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-18 Promedica International

Costa Mesa, California, United States

Promedica International is a specialty ophthalmology-focused clinical CRO. The combined organization will support all aspects of ophthalmic clinical research, from front of the eye to back of the eye, leveraging an even larger team of experts with centuries of collective experience in ophthalmology. Promedica International is based in Costa Mesa, California.

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