M&A Deal Summary

Lakelet Capital Acquires GenTech Scientific

On September 30, 2020, private equity firm Lakelet Capital acquired test/measurement equipment company GenTech Scientific

Acquisition Highlights
  • This is Lakelet Capital’s 1st transaction in the Test/Measurement Equipment sector.
  • This is Lakelet Capital’s 2nd transaction in the United States.
  • This is Lakelet Capital’s 2nd transaction in New York.

M&A Deal Summary

Date 2020-09-30
Target GenTech Scientific
Sector Test/Measurement Equipment
Buyer(s) Lakelet Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

GenTech Scientific

Arcane, New York, United States
GenTech Scientific is a refurbisher, re-seller, and servicer of high-quality analytical instrumentation. GenTech provides scientists, researchers, and lab technicians with high quality mass spectrometers, gas chromatographs, high-powered liquid chromatographs, and consumables. GenTech Scientific was in founded 1996 and is based in Arcade, New York.

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Buyer(S) 1

DESCRIPTION

Lakelet Capital is a generalist private equity firm focused on lower middle-market companies across the US and Canada needing capital for growth or transition. The Firm targets profitable companies ($1 to $10 million of EBITDA) with revenues up to $100 million. Areas of interest include business services, distribution, manufacturing, IT, outsourcing, packaging, consumer products, food/beverage, precision instruments, software, and technology/telecom. Lakelet Capital was established in 2017 and is headquartered in Buffalo, New York.


DEAL STATS #
Overall 2 of 2
Sector: Test/Measurement Equipment M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 2 of 2
State: New York M&A 2 of 2
Country: United States M&A 2 of 2
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-01 Matrix Imaging Solutions

Sanborn, New York, United States

Matrix Imaging Solutions provides document and data processing, mailing, printing, postage and information services to some of the most demanding markets in a wide variety of industries across North America. With full-service printing facilities and proprietary technology resources, Matrix is the preferred vendor for direct mail, e-solutions and transactional mail. Matrix Imaging Solutions was founded in 1988 and is based in Sanborn, New York.

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