M&A Deal Summary

Thermo Fisher Scientific Acquires Trek Diagnostic Systems

On July 18, 2011, Thermo Fisher Scientific acquired medical products company Trek Diagnostic Systems from Blue Point Capital Partners and Magellan Biosciences

Acquisition Highlights
  • This is Thermo Fisher Scientific’s 6th transaction in the Medical Products sector.
  • This is Thermo Fisher Scientific’s 19th transaction in the United States.
  • This is Thermo Fisher Scientific’s 1st transaction in Ohio.

M&A Deal Summary
Date 2011-07-18
Target Trek Diagnostic Systems
Sector Medical Products
Buyer(s) Thermo Fisher Scientific
Sellers(s) Blue Point Capital Partners
Magellan Biosciences
Deal Type Add-on Acquisition

Target

Trek Diagnostic Systems

Cleveland, Ohio, United States
Trek develops and markets diagnostic testing products used to detect and identify infectious organisms and determine their susceptibility to various types, combinations and concentrations of antimicrobial agents. Trek markets its products primarily to the clinical, veterinary and pharmaceutical industries.

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Buyer(S) 1

Buyer

Thermo Fisher Scientific

Waltham, Massachusetts, United States
Category Company
Founded 1956
Sector Test/Measurement Equipment
Employees122,000
Revenue 42.9B USD (2023)
DESCRIPTION
Thermo Fisher's corporate headquarters in Waltham, Massachusetts.
Thermo Fisher's corporate headquarters in Waltham, Massachusetts.

Thermo Scientific is a provider of analytical instruments, laboratory equipment, software, services, consumables and reagents for better workflow solutions spanning sample preparation, sample analysis, and data interpretation. Thermo Fisher Scientific was founded in 1956 and is based in Waltham, Massachusetts.

DEAL STATS #
Overall 34 of 62
Sector (Medical Products) 6 of 10
Type (Add-on Acquisition) 31 of 55
State (Ohio) 1 of 1
Country (United States) 19 of 38
Year (2011) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-01 UAB SORPO

Vilnius, Lithuania

UAB SORPO is a medical laboratory company. UAB SORPO was established in 2000 and is headquartered in Vilnius, Lithuania.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-01 Doe & Ingalls Management

Medford, Massachusetts, United States

Doe & Ingalls Management LLC is a specialty chemical distributor headquartered in Durham, NC. The company supplies mission-critical, high purity materials to microelectronic and biopharmaceutical manufacturers, and has established an outstanding reputation for dependability, service and accuracy among its customers and its chemical suppliers.

Buy $175M

Seller(S) 2

SELLER

Blue Point Capital Partners

Cleveland, Ohio, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1990
PE ASSETS 1.9B USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Blue Point Capital Partners is a middle-market private equity firm focused on investments throughout the US, Canada, and Europe. The Firm looks to commit $10 to $50 million of equity capital in companies generating sales of $30 to $300 million and EBITDA of at least $7 million. Blue Point looks for control investments that arise from management led buyouts, recapitalizaitons, and companies in need of growth capital. Sectors of interest include transportation components, metals processing, plastics, packaging, specialty distribution, environmental, building materials, industrial textiles, transportation/logistics, chemicals, industrial outsourcing, and engineered components. Blue Point will not invest in real estate, restaurants, retail, or companies operating in highly regulated industries. Blue Point Capital Partners was formed in 1990 and has offices in Cleveland, Ohio; Charlotte, North Carolina; and Seattle, Washington.

DEAL STATS #
Overall 14 of 36
Sector (Medical Products) 2 of 2
Type (Add-on Acquisition) 3 of 10
State (Ohio) 3 of 8
Country (United States) 12 of 33
Year (2011) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-06-29 Alco

Elyria, Ohio, United States

Alco is a manufacturer of precision machined products, including hydraulic hose fittings, air conditioning, and refrigeration couplings, tube fittings, adapters, quick disconnect couplings, and other fluid power components. Alco was founded in 1971 and is based in Elyria, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-14 CPP

Cleveland, Ohio, United States

CPP is an aerospace casting manufacturer and offers both sand and investment casting capabilities. The company specializes in producing complex, mission-critical components for a variety of leading commercial and military aircraft and regional/business jets, as well as industrial gas turbines. CPP was founded in 1991 and is based in Cleveland, Ohio.

Buy -
SELLER

Magellan Biosciences

Chelmsford, Massachusetts, United States
Category Company
Founded 2004
Sector Medical Products
DESCRIPTION

Magellan Biosciences, Inc. is a developer and manufacturer of FDA-cleared products for the testing of blood to diagnose lead poisoning in children and adults.

DEAL STATS #
Overall 1 of 2
Sector (Medical Products) 1 of 2
Type (Add-on Acquisition) 1 of 1
State (Ohio) 1 of 1
Country (United States) 1 of 2
Year (2011) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-24 Magellan Diagnostics

North Billerica, Massachusetts, United States

Magellan Diagnostics, Inc. is a medical device company develops and manufactures point-of-care systems clinical laboratory instruments.

Sell -
Mergr

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