M&A Deal Summary

Genus Acquires ABS Global

On August 3, 1999, Genus acquired life science company ABS Global from Lakewood Capital

Acquisition Highlights
  • This is Genus’ 1st transaction in the Life Science sector.
  • This is Genus’ 1st transaction in the United States.
  • This is Genus’ 1st transaction in Wisconsin.

M&A Deal Summary

Date 1999-08-03
Target ABS Global
Sector Life Science
Buyer(s) Genus
Sellers(s) Lakewood Capital
Deal Type Add-on Acquisition

Target

ABS Global

DeForest, Wisconsin, United States
ABS Global, Inc. is a provider of bovine genetics, reproduction services, technologies and udder care products. ABS Global was founded in 1941 and is based in DeForest, Wisconsin.

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Buyer(S) 1

Buyer

Genus

Basingstoke, United Kingdom

Category Company
Founded 1994
Sector Life Science
Employees3,500
Revenue 690M GBP (2023)
DESCRIPTION

Genus develops and creates advances to animal breeding and genetic improvement by applying biotechnology and sells added value products for livestock farming and food producers. Its technology is applicable across livestock species and is currently commercialized by Genus in the dairy, beef, and pork food production sectors. Genus was founded in 1994 and is based in Basingstoke, United Kingdom.


DEAL STATS #
Overall 1 of 1
Sector (Life Science) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Wisconsin) 1 of 1
Country (United States) 1 of 1
Year (1999) 1 of 1

Seller(S) 1

SELLER

Lakewood Capital

Rowayton, Connecticut, United States

Investor


Category Private Equity Firm
Founded 2007
Size Small
Type Sector Agnostic
DESCRIPTION

Lakewood Capital is a private equity firm that invests in profitable, mid-sized companies with EBITDA of $2 to $25 million. Lakewood focuses on opportunities in healthcare and industrial manufacturing services. Lakewood Capital was founded in 2007 and is based in Rowayton, Connecticut.


DEAL STATS #
Overall 1 of 4
Sector (Life Science) 1 of 1
Type (Add-on Acquisition) 1 of 2
State (Wisconsin) 1 of 1
Country (United States) 1 of 4
Year (1999) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-10-01 Atrium

Dallas, Texas, United States

Atrium Corp. is a nationally-recognized provider of high quality windows and doors to the new construction and repair and remodel markets. The company operates a nationwide network of manufacturing facilities and sells a comprehensive line of products in all 50 states and Canada.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-02-11 Eliason

Kalamazoo, Michigan, United States

Eliason is a manufacturer of double-action, high impact doors. It is the original and only manufacturer of patented EasySwing® impact doors.

Buy -