M&A Deal Summary

Excel Scientific Acquires Innovize

On November 29, 2022, Excel Scientific acquired medical products company Innovize

Acquisition Highlights
  • This is Excel Scientific’s 1st transaction in the Medical Products sector.
  • This is Excel Scientific’s 1st transaction in the United States.
  • This is Excel Scientific’s 1st transaction in Minnesota.

M&A Deal Summary

Date 2022-11-29
Target Innovize
Sector Medical Products
Buyer(s) Excel Scientific
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Piper Sandler & Co. (Financial)
Kutak Rock (Legal)

Target

Innovize

St. Paul, Minnesota, United States
Innovize offers new thinking in custom development and manufacturing for the full product lifecycle, from early-stage concepts to full-scale manufacturing and next-generation product planning. The company is a contract medical device manufacturer specializing in converting in the following markets: Wearable Sensors, Patient Care, Advanced Wound Care, Personal Care, Diagnostics, Electronics, OEM, and others. Innovize was formed in 1958 and is based in St. Paul, Minnesota.

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Buyer(S) 1

Buyer

Excel Scientific

Victorville, California, United States

Category Company
Founded 1992
Sector Manufacturing
DESCRIPTION

Excel Scientific is a manufacturer of microplate sealing films and foils used by life science research, university, and testing laboratories as well as biotech companies, pharmaceutical companies, and diagnostic providers. Excel Scientific was founded in 1992 and is based in Victorville, California.


DEAL STATS #
Overall 1 of 1
Sector (Medical Products) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 1 of 1
State (Minnesota) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1