M&A Deal Summary

Standex Acquires Custom Biogenic Systems

On November 14, 2024, Standex acquired manufacturer Custom Biogenic Systems from BioLife Solutions for 6M USD

Acquisition Highlights
  • This is Standex’s 5th transaction in the Manufacturing sector.
  • This is Standex’s 7th largest (disclosed) transaction.
  • This is Standex’s 20th transaction in the United States.
  • This is Standex’s 2nd transaction in Michigan.

M&A Deal Summary

Date 2024-11-14
Target Custom Biogenic Systems
Sector Manufacturing
Buyer(s) Standex
Sellers(s) BioLife Solutions
Deal Type Divestiture
Deal Value 6M USD

Target

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.

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Buyer(S) 1

Buyer

Standex

Salem, New Hampshire, United States

Category Company
Founded 1955
Sector Manufacturing
Employees3,700
Revenue 721M USD (2024)
DESCRIPTION

Standex is a multi-industry manufacturer in five broad business segments: Food Service Equipment Group, Air Distribution Products Group, Engineering Technologies Group, Engraving Group and the Electronics and Hydraulics Group with operations in the United States, Europe, Canada, Australia, Singapore, Mexico, Brazil, India, Turkey and China. Standex was founded in 1955 and is based in Salem, New Hampshire.


DEAL STATS #
Overall 27 of 27
Sector (Manufacturing) 5 of 5
Type (Divestiture) 2 of 2
State (Michigan) 2 of 2
Country (United States) 20 of 20
Year (2024) 3 of 3
Size (of disclosed) 7 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-29 Amran Instrument Transformers

Sugar Land, Texas, United States

Amran Instrument Transformers designs and manufactures low-voltage and medium-voltage instrument transformers for products focused on the electrical grid, smart grid technology, data centers, and renewable energy systems. Amran Instrument Transformers is based in Sugar Land, Texas.

Buy -

Seller(S) 1

SELLER

BioLife Solutions

Bothell, Washington, United States

Category Company
Founded 1987
Sector Life Science
Employees409
Revenue 143M USD (2023)
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 2 of 2
Sector (Manufacturing) 1 of 1
Type (Divestiture) 2 of 2
State (Michigan) 1 of 1
Country (United States) 2 of 2
Year (2024) 2 of 2
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-12 SciSafe

Cranbury, New Jersey, United States

SciSafe is a provider of biological materials storage to the cell and gene therapy and pharmaceutical industries. SciSafe was established in 2010 and is based in Cranbury, New Jersey.

Sell $73M