M&A Deal Summary

GTCR Acquires Cole-Parmer Instrument

On July 18, 2014, private equity firm GTCR acquired test/measurement equipment company Cole-Parmer Instrument from Thermo Fisher Scientific for 480M USD

Acquisition Highlights
  • This is GTCR’s 1st transaction in the Test/Measurement Equipment sector.
  • This is GTCR’s 11th largest (disclosed) transaction.
  • This is GTCR’s 80th transaction in the United States.
  • This is GTCR’s 10th transaction in Illinois.
Investment Fate
  • Cole-Parmer Instrument was sold to a consortium of financial buyers in 2017.
  • Cole-Parmer Instrument was recapitalized in 2019.

M&A Deal Summary
Date 2014-07-18
Target Cole-Parmer Instrument
Sector Test/Measurement Equipment
Buyer(s) GTCR
Sellers(s) Thermo Fisher Scientific
Deal Type Divestiture
Deal Value 480M USD

Target

Cole-Parmer Instrument

Vernon Hills, Illinois, United States
Cole-Parmer Instrument is a global source of fluid handling, test & measurement, environmental and biosciences instrumentation and associated consumables. Cole-Parmer is proven experts in the fields of peristaltic technologies, temperature measurement, and control, electrochemistry, water & air testing and chromatography. Cole-Parmer’s portfolio of unique industry-leading brands includes Masterflex, Environmental Express, and Traceable. Cole-Parmer’s products are used in both research and production applications for a diverse range of customers across the life sciences, healthcare, environmental, and industrial end-markets. Cole-Parmer Instrument was founded in 1955 and is based in Vernon Hills, Illinois.

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Buyer(S) 1

Buyer

GTCR

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1980
PE ASSETS 15.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

GTCR is a private equity firm that typically partners with management when pursuing acquisitions. The Firm looks to grow companies through build-on acquisitions, consolidations, and internal growth. GTCR will consider both equity and mezzanine capital commitments and concentrates its investment activity in consumer products & services, healthcare services, outsourced business services, technology, transaction processing, and pharma/medical products. GTCR was formed in 1980 and is based in Chicago, Illinois.

DEAL STATS #
Overall 84 of 142
Sector (Test/Measurement Equipment) 1 of 2
Type (Divestiture) 5 of 12
State (Illinois) 10 of 20
Country (United States) 80 of 137
Year (2014) 4 of 6
Size (of disclosed) 11 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-17 Ironshore

Hamilton, Bermuda

Ironshore, Inc. is a provider of broker-sourced specialty property and casualty insurance coverages for varying risks on a global basis through its international platforms.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-30 XIFIN

San Diego, California, United States

XIFIN is a provider of cloud-based software and services to diagnostic service providers. XIFIN's technology platform enables end-to-end connectivity from patient to payor, linking together the many stakeholders in healthcare delivery and optimizing for the best business and patient outcomes. XIFIN is based in San Diego, California.

Buy -

Seller(S) 1

SELLER

Thermo Fisher Scientific

Waltham, Massachusetts, United States
Category Company
Founded 1956
Sector Test/Measurement Equipment
Employees122,000
Revenue 42.9B USD (2023)
DESCRIPTION
Thermo Fisher's corporate headquarters in Waltham, Massachusetts.
Thermo Fisher's corporate headquarters in Waltham, Massachusetts.

Thermo Scientific is a provider of analytical instruments, laboratory equipment, software, services, consumables and reagents for better workflow solutions spanning sample preparation, sample analysis, and data interpretation. Thermo Fisher Scientific was founded in 1956 and is based in Waltham, Massachusetts.

DEAL STATS #
Overall 7 of 8
Sector (Test/Measurement Equipment) 1 of 1
Type (Divestiture) 6 of 7
State (Illinois) 1 of 1
Country (United States) 5 of 6
Year (2014) 2 of 2
Size (of disclosed) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-24 Thermo Fisher Life Science Assets

United States

Thermo Fisher Life Science Assets consist of cell culture (sera and media), gene modulation and magnetic beads businesses.

Sell $1.1B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-30 Alfa Aesar & Co KG

Karlsruhe, Germany

Alfa Aesar GmbH & Co KG is a manufacturer and supplier of research chemicals.

Buy £256M
Mergr

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