M&A Deal Summary

Peli BioThermal Acquires SAVSU Cleo Technologies

On October 7, 2025, Peli BioThermal acquired packaging company SAVSU Cleo Technologies from BioLife Solutions for 26M USD

Acquisition Highlights
  • This is Peli BioThermal’s 2nd transaction in the Packaging sector.
  • This is Peli BioThermal’s largest (disclosed) transaction.
  • This is Peli BioThermal’s 2nd transaction in the United States.
  • This is Peli BioThermal’s 2nd transaction in New Mexico.

M&A Deal Summary

Date 2025-10-07
Target SAVSU Cleo Technologies
Sector Packaging
Buyer(s) Peli BioThermal
Sellers(s) BioLife Solutions
Deal Type Divestiture
Deal Value 26M USD

Target

SAVSU Cleo Technologies

Albuquerque, New Mexico, United States
SAVSU Cleo Technologies is a designer and manufacturer of high-performance cloud-connected passive storage and transport containers for temperature sensitive biologics and pharmaceuticals.

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Buyer(S) 1

Buyer

Peli BioThermal

Maple Grove, Minnesota, United States

Category Company
Founded 2003
Sector Packaging
DESCRIPTION

Peli BioThermal offers a range of temperature-controlled packaging and service solutions to the global life sciences industry. Peli’s products ensure that delicate biological materials arrive intact and effective, despite exterior environments. Peli BioThermal is dedicated to developing products designed to fulfill the complex needs of the global life sciences industry. Peli BioThermal is based in Maple Grove, Minnesota.


DEAL STATS #
Overall 2 of 2
Sector: Packaging M&A 2 of 2
Type: Divestiture M&A Deals 1 of 1
State: New Mexico M&A 2 of 2
Country: United States M&A 2 of 2
Year: 2025 M&A 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-04 NanoCool

Albuquerque, New Mexico, United States

NanoCool is a manufacturer of temperature-controlled packaging solutions. NanoCool utilizes advanced evaporative cooling technology to manufacture high-performance 2 – 8° C shipping systems. NanoCool develops, tests and manufactures its products at its company headquarters in Albuquerque, New Mexico. To support its target markets of healthcare and life sciences, NanoCool has made major investments in quality (including ISO 9001-2008 certification), manufacturing infrastructure and supply chain security.

Buy -

Seller(S) 1

SELLER

BioLife Solutions

Bothell, Washington, United States

Category Company
Founded 1987
Sector Life Science
Employees159
Revenue 82M USD (2024)
DESCRIPTION

BioLife Solutions is a developer, manufacturer and supplier of proprietary clinical grade cell and tissue hypothermic storage and cryopreservation freeze media for cells and tissues. Our proprietary HypoThermosol® and CryoStor® platform of solutions are highly valued in the regenerative medicine, biobanking and drug discovery markets. Our biopreservation media products are serum-free and protein-free, fully defined, and are formulated to reduce preservation-induced cell damage and death; offering commercial companies and clinical researchers significant improvement in shelf life and post-preservation viability and function. BioLife Solutions was founded in 1987 and is based in Bothell, Washington.


DEAL STATS #
Overall 4 of 4
Sector: Packaging M&A 1 of 1
Type: Divestiture M&A Deals 4 of 4
State: New Mexico M&A 1 of 1
Country: United States M&A 4 of 4
Year: 2025 M&A 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-14 Custom Biogenic Systems

Bruce Township, Michigan, United States

Custom Biogenic Systems designs and manufactures laboratory products and supplies including cryogenic freezers, isothermal freezers, and controlled rate freezers. Custom Biogenic Systems was founded in 1987 and is based in Bruce Township, Michigan.

Sell $6M