M&A Deal Summary

ICON Acquires PMG Research

On December 7, 2015, ICON acquired life science company PMG Research from Frontier Growth

Acquisition Highlights
  • This is ICON’s 12th transaction in the Life Science sector.
  • This is ICON’s 14th transaction in the United States.
  • This is ICON’s 1st transaction in North Carolina.

M&A Deal Summary

Date 2015-12-07
Target PMG Research
Sector Life Science
Buyer(s) ICON
Sellers(s) Frontier Growth
Deal Type Add-on Acquisition

Target

PMG Research

Winston-Salem, North Carolina, United States
PMG Research, Inc. is an integrated network of clinical research company.

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Buyer(S) 1

Buyer

ICON

Dublin, Ireland

Category Company
Founded 1990
Sector Life Science
Employees41,100
Revenue 8.1B USD (2023)
DESCRIPTION

ICON is a global provider of outsourced development services to the pharmaceutical, biotechnology and medical device industries. The company specialises in the strategic development, management and analysis of programs that support clinical development – from compound selection to Phase I-IV clinical studies. ICON was founded in 1990 and is based in Dublin, Ireland.


DEAL STATS #
Overall 22 of 29
Sector (Life Science) 12 of 16
Type (Add-on Acquisition) 18 of 25
State (North Carolina) 1 of 2
Country (United States) 14 of 18
Year (2015) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-02 MediMedia Pharma Solutions

Yardley, Pennsylvania, United States

MediaMedia Pharma Solutions is a combination of MediMedia Managed Markets and Complete HealthCare Communications. The company is a provider of strategic payer-validated market access solutions for the biopharmaceutical and medical device industries.

Buy $120M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-30 Clinical Research Management

Agawam, Massachusetts, United States

Clinical Research Management, Inc. is a provider of full service and functional research solutions to a broad range of US government agencies. Their extensive expertise extends across basic and applied research, infectious diseases, vaccines development and testing and the response to bio-threats. They have worked in collaboration with government and commercial customers to respond to the threat of global viral epidemics.

Buy -

Seller(S) 1

SELLER

Frontier Growth

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1999
PE ASSETS 1.0B USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Frontier Capital LLC is a private investment firm that provides expansion capital to high-growth 'technology-enabled' business service companies generating revenues $8-$30 million. Frontier targets companies that utilize technology, an innovative business process, or a unique expertise to deliver a differentiated service to customers. Frontier typically invests throughout the Southeast and Mid-Atlantic regions of the US and looks to commit $10 to $50 million of equity capital per transaction. Investment proceeds are generally used for growth initiatives, acquisitions, or to provide shareholder liquidity. Frontier Capital was formed in 1999 and is based in Charlotte, North Carolina.


DEAL STATS #
Overall 22 of 38
Sector (Life Science) 2 of 2
Type (Add-on Acquisition) 13 of 23
State (North Carolina) 6 of 6
Country (United States) 22 of 36
Year (2015) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-01 iMapData

McLean, Vermont, United States

iMapData, Inc. is a data visualization and analysis company.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-11 Zephyr

Newark, California, United States

D Software, Inc. is a provider of software test management solutions. Zephyr provides more than 8,500 customers in over 100 countries with innovative applications, seamless integrations and unparalleled, real-time visibility into the quality and status of their software development projects. D Software, Inc. was founded in 2007 and is based in Newark, California.

Buy -