M&A Deal Summary

Cole-Parmer Instrument Acquires Control

On August 15, 2017, Cole-Parmer Instrument acquired test/measurement equipment company Control from Summit Park

Acquisition Highlights
  • This is Cole-Parmer Instrument’s 1st transaction in the Test/Measurement Equipment sector.
  • This is Cole-Parmer Instrument’s 2nd transaction in the United States.
  • This is Cole-Parmer Instrument’s 1st transaction in Texas.

M&A Deal Summary

Date 2017-08-15
Target Control
Sector Test/Measurement Equipment
Buyer(s) Cole-Parmer Instrument
Sellers(s) Summit Park
Deal Type Add-on Acquisition

Target

Control

Webster, Texas, United States
Control Company is a supplier of digital analytical and measurement products to the scientific laboratory community in North America and a growing provider to the international market. Headquartered outside of Houston, Texas, Control sells an extensive array of private label and branded laboratory products including thermometers, timers, humidity meters and conductivity tools.

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Buyer(S) 1

Buyer

Cole-Parmer Instrument

Vernon Hills, Illinois, United States

Category Company
Founded 1955
Sector Test/Measurement Equipment
DESCRIPTION

Cole-Parmer Instrument is a global source of fluid handling, test & measurement, environmental and biosciences instrumentation and associated consumables. Cole-Parmer is proven experts in the fields of peristaltic technologies, temperature measurement, and control, electrochemistry, water & air testing and chromatography. Cole-Parmer’s portfolio of unique industry-leading brands includes Masterflex, Environmental Express, and Traceable. Cole-Parmer’s products are used in both research and production applications for a diverse range of customers across the life sciences, healthcare, environmental, and industrial end-markets. Cole-Parmer Instrument was founded in 1955 and is based in Vernon Hills, Illinois.


DEAL STATS #
Overall 3 of 4
Sector (Test/Measurement Equipment) 1 of 1
Type (Add-on Acquisition) 3 of 4
State (Texas) 1 of 1
Country (United States) 2 of 3
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-01 Bibby Scientific

Staffordshire, United Kingdom

Bibby Scientific is a designer and manufacturer of bench-top laboratory equipment. It supports and sells its products worldwide through a global network of representative companies and distributors. Bibby Scientific was founded in 2007 and is based in Staffordshire, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-12 ZeptoMetrix

Buffalo, New York, United States

ZeptoMetrix Corp. is a life sciences developer and manufacturer of quality control standards and verification panels used in molecular diagnostic testing for infectious diseases. ZeptoMetrix was founded in 1999 and is based in Buffalo, New York.

Buy -

Seller(S) 1

SELLER

Summit Park

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 245M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Summit Park Partners is a private investment firm that acquires lower middle-market companies. Summit Park looks for profitable, established businesses in consumer services, business services, value-added distribution, and light manufacturing. The Firm targets businesses with revenues of $20 to $150 million and EBITDA between $4 and $15 million. Prospective transaction types include recapitalizations, management buyouts, family successions, corporate divestitures, and industry consolidations. Summit's geographic preference is within the Southeast and Mid-Atlantic US. Summit Park was formed in 2005 and is based in Charlotte, North Carolina.


DEAL STATS #
Overall 4 of 12
Sector (Test/Measurement Equipment) 1 of 1
Type (Add-on Acquisition) 1 of 5
State (Texas) 1 of 1
Country (United States) 4 of 12
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-28 Iron Mountain - Legacy Recall Assets

Alberta, Canada

Iron Mountain, Inc's Legacy Recall Assets is a provider of IT services. Iron Mountain, Inc's Legacy Recall Assets is based in Canada.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-31 Smartours

New York, New York, United States

Smartours is a provider of travel experiences and great travel deals to travelers. Smartours offers travelers curated, pre-packaged itineraries to over 40 destinations across the globe. Smartours was founded in 1996 and is based in New York City.

Buy -