Investment Summary

Northlane Capital Partners and Stellus Capital Management Invest In USDTL

On January 7, 2025, private equity firms Northlane Capital Partners and Stellus Capital Management invested in life science company USDTL

Investment Highlights
  • This is Northlane Capital Partners’ 4th and Stellus Capital Management’s 1st transaction in the Life Science sector.
  • This is Northlane Capital Partners’ 16th and Stellus Capital Management’s 73rd transaction in the United States.
  • This is Northlane Capital Partners’ 3rd and Stellus Capital Management’s 7th transaction in Illinois.

Investment Summary

Date 2025-01-07
Target USDTL
Sector Life Science
Investor(s) Northlane Capital Partners
Stellus Capital Management
Deal Type Growth Capital

Target

USDTL

Des Plaines, Illinois, United States
USDTL offers a broad suite of forensic testing capabilities. USDTL provides substance abuse toxicology services worldwide for healthcare facilities, child protection agencies, the Department of Defense, legal services, research, businesses, and analytical and forensic laboratories. USDTL was founded in 1991 and is based in Des Plaines, Illinois.

Search 214,238 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Investor(S) 2

Investor

Northlane Capital Partners

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2014
PE ASSETS 1.7B USD
Size Large
Type Sector Focused
DESCRIPTION

Northlane Capital Partners is a private equity firm focused on acquiring mid-sized companies in the healthcare and business services sectors. The Firm looks to invest $25 to $150 million in profitable businesses valued up to $300 million. Northlane prefers companies with defensible market positions, recurring revenue business models, strong prospects for growth, and products with inelastic prices. Northlane Capital Partners was formed in 2014 and is headquartered in Bethesda, Maryland.


DEAL STATS #
Overall 16 of 17
Sector: Life Science M&A 4 of 4
Type: Growth Capital M&A Deals 7 of 8
State: Illinois M&A 3 of 3
Country: United States M&A 16 of 17
Year: 2025 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-09 PAR Excellence

Cincinnati, Ohio, United States

PAR Excellence offers comprehensive inventory management systems and related support services that enable healthcare organizations to fully automate inventory replenishment activities and generate real-time, system-wide inventory visibility. PAR Excellence was founded in 1992 and is based in Cincinnati, Ohio.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-01-27 Plus Delta Partners

Carlsbad, California, United States

Plus Delta Partners provides specialized fundraising training and tools designed to enable higher education institutions, healthcare organizations, and other nonprofits to maximize donor contributions. Plus Delta Partners is based in Carlsbad, California.

Buy -
Investor

Stellus Capital Management

Houston, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2004
PE ASSETS 3.4B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Stellus Capital Management is a provider of debt and equity capital to middle-market companies headquartered throughout the US and Canada. For credit commitments, Stellus looks to provide $10 to $50 million of capital to help support buyouts, acquisitions, recapitalization, growth opportunities, rescue financing, distressed situations, as well as bridge loans. Sectors' of interest for Stellus' credit practice includes business services, energy, general industrial, government, healthcare, software and specialty finance. Stellus' equity practice seeks to provide $20 to $100 million to small and mid-sized energy (upstream, oilfield services, midstream) companies. Stellus Capital was originally formed in 2004 as Laminar Direct Capital and operated as the direct investing unit of D.E. Shaw. The Group became independent in 2012. Stellus has offices in Houston, New York City, and Washington DC.


DEAL STATS #
Overall 76 of 86
Sector: Life Science M&A 1 of 1
Type: Growth Capital M&A Deals 19 of 24
State: Illinois M&A 7 of 7
Country: United States M&A 73 of 83
Year: 2025 M&A 1 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-17 Arthur Murray

Coral Gables, Florida, United States

Arthur Murray is a dance instruction company that operates a global network of franchised dance studios offering lessons in ballroom, Latin, swing, and other popular dance styles for individuals and couples. Arthur Murray was founded in 1912 and is based in Coral Gables, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-01-13 Pacific Shoring

Santa Rosa, California, United States

Pacific Shoring is a manufacturer of underground and trench shoring assemblies and safety equipment. Pacific Shoring is dedicated to producing quality shoring and shield products, rigorously tested to the highest standards. Pacific Shoring’s in-house design team, with vast experience in the underground shoring industry and produces the ideal custom assembly solutions for customers. Pacific Shoring was founded in 2005 and is based in Santa Rosa, California.

Buy -