M&A Deal Summary

Full Spectrum Group Acquires Pion - Third Party Field Service Division

On June 16, 2020, Full Spectrum Group acquired life science company Pion - Third Party Field Service Division from Pion

Acquisition Highlights
  • This is Full Spectrum Group’s 1st transaction in the Life Science sector.
  • This is Full Spectrum Group’s 1st transaction in the United States.
  • This is Full Spectrum Group’s 1st transaction in North Carolina.

M&A Deal Summary

Date 2020-06-16
Target Pion - Third Party Field Service Division
Sector Life Science
Buyer(s) Full Spectrum Group
Sellers(s) Pion
Deal Type Divestiture

Target

Pion - Third Party Field Service Division

Benson, North Carolina, United States
Pion, Inc. - Third Party Field Service Division is a brands-agnostic provider of repair, maintenance, validation, and qualification services for laboratory instrumentation. Pion TPFS services a diverse nationwide customer base in biotechnology, life sciences, pharmaceuticals, and other end markets. Pion TPFS is based in Benson, North Carolina.

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Buyer(S) 1

Buyer

Full Spectrum Group

Laguna Hills, California, United States

Category Company
Founded 1992
Sector Business Services
DESCRIPTION

Full Spectrum Group is an agnostic service provider for laboratory instruments, offering a full range of service contracts, preventative maintenance programs, calibration and validation, repair services, parts, and reconditioned instruments. Full Spectrum Group was founded in 1992 and is based in Pleasanton, California.


DEAL STATS #
Overall 1 of 3
Sector: Life Science M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: North Carolina M&A 1 of 1
Country: United States M&A 1 of 3
Year: 2020 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-24 Cascade Thermal Solutions

El Cajon, California, United States

Cascade Thermal Solutions is a provider of repair and maintenance services for refrigeration, sterilization, incubation, and thermal laboratory equipment, as well as a designer and service provider for environmental rooms. Headquartered in El Cajon, California, Cascade serves customers in the biotechnology, pharmaceutical, technology, chemical, government, research, education, and industrial markets.

Buy -

Seller(S) 1

SELLER

Pion

Billerica, Massachusetts, United States

Category Company
Founded 1996
Sector Life Science
DESCRIPTION

Pion supports drug development programs within vitro scientific instruments, contract research, and equipment maintenance. All designed to support more informed, more accurate, more timely decision making. Pion’s range of scientific instruments and services provide innovative solutions to the challenges of in vivo prediction, phys chem analysis, dissolution, and more. Clients may access Pion’s expertise either through the purchase of our instruments, or by contracting with our laboratories to run screens, assays, and analysis on their behalf. Pion was founded in1996 and is based in Billerica, Massachusetts.


DEAL STATS #
Overall 1 of 1
Sector: Life Science M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: North Carolina M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2020 M&A 1 of 1