M&A Deal Summary

Fortis Life Sciences Acquires IPOC

On July 12, 2023, Fortis Life Sciences acquired life science company IPOC

Acquisition Highlights
  • This is Fortis Life Sciences’ 2nd transaction in the Life Science sector.
  • This is Fortis Life Sciences’ 1st transaction in Canada.
  • This is Fortis Life Sciences’ 1st transaction in Ontario.

M&A Deal Summary
Date 2023-07-12
Target IPOC
Sector Life Science
Buyer(s) Fortis Life Sciences
Deal Type Add-on Acquisition

Target

IPOC

Etobicoke, Ontario, Canada
IPOC develops and manufactures key components used in diagnostics, including lyophilized reagents, membranes, recombinant proteins, and controls. IPOC was founded in 2008 and is based in Etobicoke, Ontario.

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Buyer(S) 1

Buyer

Fortis Life Sciences

Waltham, Massachusetts, United States
Category Company
Founded 2020
Sector Life Science
DESCRIPTION

Fortis Life Sciences offers world-class products coupled with a best-in-class customer experience. Fortis Life Sciences is a strategic platform company providing capital, expertise, and operational resources to enable the growth and success of founder-led life sciences tools companies. Fortis Life Sciences was established in 2020 and is headquartered in Waltham, Massachusetts.

DEAL STATS #
Overall 2 of 2
Sector (Life Science) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-02 Abcore

Ramona, California, United States

Abcore provides antibody and nanobody products and services. Abcore has built an entire platform for nanobody and single domain (VHH) antibody discovery, based on proprietary phage display libraries. The Company offers end-to-end discovery and development capabilities and custom antibody production. Abcore was founded in 2011 and is based in Ramona, California.

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