M&A Deal Summary

PerkinElmer Acquires Covaris

On December 4, 2023, PerkinElmer acquired medical products company Covaris from New Mountain Capital

Acquisition Highlights
  • This is PerkinElmer’s 1st transaction in the Medical Products sector.
  • This is PerkinElmer’s 1st transaction in the United States.
  • This is PerkinElmer’s 1st transaction in Massachusetts.

M&A Deal Summary
Date 2023-12-04
Target Covaris
Sector Medical Products
Buyer(s) PerkinElmer
Sellers(s) New Mountain Capital
Deal Type Add-on Acquisition

Target

Covaris

Woburn, Massachusetts, United States
Covaris develops, manufactures, and markets instruments, consumables, and reagents used in pre-analytical sample preparation for genomic and proteomic analysis to help accelerate the pace of research and life science innovations. Covaris is based in Woburn, Massachusetts.

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Buyer(S) 1

Buyer

PerkinElmer

Shelton, Connecticut, United States
Category Company
Sector Medical Products
DESCRIPTION

PerkinElmer is a global analytics services and solutions provider for the biopharma, food, environmental, safety and applied end markets. The Company offers a comprehensive portfolio of atomic spectroscopy, molecular spectroscopy, and chromatography instruments, consumables, and reagents, as well as laboratory services through the leading OneSource platform. PerkinElmer is based in Shelton, Connecticut.

DEAL STATS #
Overall 1 of 1
Sector (Medical Products) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Massachusetts) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1

Seller(S) 1

SELLER

New Mountain Capital

New York, New York, United States
Category Private Equity Firm
Founded 2000
PE ASSETS 35.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

New Mountain Capital is a private investment firm focused on investment in public and private companies in a variety of industries. New Mountain generally invests $100 to $500 million per transaction and looks for businesses with strong market positions and high barriers to entry. New Mountain also prefers businesses that succeed in both good and bad economies. Sectors of interest include education, healthcare, business services, federal IT services, media, software, consumer products, logistics, financial services and technologies, and energy. New Mountain Capital was formed in 2000 and is based in New York City.

DEAL STATS #
Overall 43 of 45
Sector (Medical Products) 2 of 2
Type (Add-on Acquisition) 21 of 22
State (Massachusetts) 3 of 3
Country (United States) 40 of 42
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-21 BMI

Nashville, Tennessee, United States

BMI is a music rights management company that negotiates music license agreements and distributes the fees it generates as royalties to its affiliated writers and publishers when their songs are performed in public. BMI is based in Nashville, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-15 Grant Thornton

Chicago, Illinois, United States

Grant Thornton is an accounting, tax and management-consulting firm focused on mid-sized US-based businesses. Grant Thornton was founded in 1924 and is based in Chicago, Illinois.

Buy -
Mergr

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