M&A Deal Summary

GCI Holdings Acquires Stirling Ultracold

On April 18, 2024, GCI Holdings acquired medical products company Stirling Ultracold from BioLife Solutions

Acquisition Highlights
  • This is GCI Holdings’ 1st transaction in the Medical Products sector.
  • This is GCI Holdings’ 1st transaction in the United States.
  • This is GCI Holdings’ 1st transaction in Ohio.

M&A Deal Summary

Date 2024-04-18
Target Stirling Ultracold
Sector Medical Products
Buyer(s) GCI Holdings
Sellers(s) BioLife Solutions
Deal Type Divestiture

Target

Stirling Ultracold

Athens, Ohio, United States
Stirling Ultracold is a manufacturer of ultra-low temperature ("ULT") mechanical freezers. Stirling Ultracold also produces portable ULT solution available for remote clinical trials and biologic drug delivery. Stirling Ultracold was founded in 2009 and is based in Athens, Ohio.

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Buyer(S) 1

Buyer

GCI Holdings

Ohio, United States

Category Company
Sector Business Services
DESCRIPTION

GCI Holdings is a holding company based in Ohio.


DEAL STATS #
Overall 1 of 1
Sector: Medical Products M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Ohio M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2024 M&A 1 of 1

Seller(S) 1

SELLER

BioLife Solutions

Bothell, Washington, United States

Category Company
Founded 1987
Sector Life Science
Employees159
Revenue 82M USD (2024)
DESCRIPTION

BioLife Solutions is a developer, manufacturer and supplier of proprietary clinical grade cell and tissue hypothermic storage and cryopreservation freeze media for cells and tissues. Our proprietary HypoThermosol® and CryoStor® platform of solutions are highly valued in the regenerative medicine, biobanking and drug discovery markets. Our biopreservation media products are serum-free and protein-free, fully defined, and are formulated to reduce preservation-induced cell damage and death; offering commercial companies and clinical researchers significant improvement in shelf life and post-preservation viability and function. BioLife Solutions was founded in 1987 and is based in Bothell, Washington.


DEAL STATS #
Overall 1 of 4
Sector: Medical Products M&A 1 of 1
Type: Divestiture M&A Deals 1 of 4
State: Ohio M&A 1 of 1
Country: United States M&A 1 of 4
Year: 2024 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-09 Sexton Biotechnologies

Indianapolis, Indiana, United States

Sexton Biotechnologies is a revenue-stage, biotechnology company focused on the development and sales of bioproduction tools for cell and gene therapy. Sexton develops purpose-built cell and gene therapy (CGT) tools and media to enable flexible automation and scaling of cell manufacturing processes to increase the probability of positive clinical outcomes and reduce time-to-market, failure points and labor costs. Sexton Biotechnologies Indianapolis is based in Indianapolis, Indiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-12 SciSafe

Cranbury, New Jersey, United States

SciSafe is a provider of biological materials storage to the cell and gene therapy and pharmaceutical industries. SciSafe was established in 2010 and is based in Cranbury, New Jersey.

Sell $73M