• Represented MicroLiter Analytical Supplies, a producer of microplates and vials for chromatography, in its sales to Wheaton Industries.
• Represented Bioprocessing Inc., a manufacturer of tumor marker antigens, in its sale to Bio-Rad Laboratories.
• Represented MicroReactor Technologies, a manufacturer of miniature bioreactors, in its sale to Pall Corporation.
• Represented PML Microbiologicals, a leading producer of prepared culture media, in its sale to bioMérieux.
• Represented Reference Diagnostics Inc. in the sale of its iron testing reagents business to Thermo Fisher Scientific.
• Represented Cortex Biochem in the sale of its nucleic acid isolation business to Promega Corporation.
• Represented Cortex Biochem in the sale of its immunoreagents business to Trinity Biotech.
• Represented Harvard Bioscience in the sale of its Maia Scientific subsidiary to Digilabs. Maia produces digital imaging instrument s in the sale of its Maia Scientific subsidiary to Digilabs. Maia produces digital imaging instrument systems used in drug discovery.
• Represented Medical Positioning in its sale to Johns Creek Partners, a private equity group. Medical Positioning produces patented diagnostic imaging tables used in cardiology, radiology and mammography.
• Represented CSP Technologies in raising private equity. CSP produces patented desiccating containers used to package diabetes test strips and other pharmaceutical products.
• Provided a Fairness Opinion to Copan International regarding the sale of its Copan Milk Test business to DSM.
• Represented Precision Lab Products, a producer of printed microscope slides, in its sale to Fisher Scientific.
• Represented Duke Scientific, a manufacturer of microparticle size standards, in its sale to Fisher Scientific.
Between 1995, when Apogent began its deal program, and 2004, we completed between 5-15 transactions annually, at an annual cost ranging from $50 million to $250 million. In that nine year time period Apogent invested approximately $1.4 billion in acquisitions. Apogent’s stock price increased from about $3 a share (adjusting for splits) in 1995 to about $32 before it was sold to Fisher, an increase that was fueled largely by the success of its acquisition program. Through the work I did for Apogent, I have gotten to know many people in the life sciences and laboratory products industries and their companies. I have a good understanding of industry acquisition pricing and seller expectations having assisted in over 60 acquisitions. I believe I have a unique skill set that can be very beneficial to other companies in the industry.
Diagnostics and Microbiology
•Alexon Biomedical, a producer of diagnostic tests for intestinal diseases. •Drug Screening Systems, a manufacturer of on-site drug testing products. •Carr-Scarborough, a manufacturer and distributor of diagnostic microbiology products. •Clinical Standards Labs, a manufacturer of diagnostic microbiology products. •Richard-Allan, the leading producer of histology stains. •Secure Medical, a manufacturer of histology supplies. •New England Reagent Laboratories, a manufacturer of laboratory standards and controls. •Casco Standards, a manufacturer of laboratory standards and controls. •Diagnostic Reagents, a manufacturer of reagents for drugs of abuse testing. •Criterion Scientific, a manufacturer of histology stains and glucose tolerance beverages. •Custom Laboratories, a manufacturer of glucose tolerance beverages. •DiMed, a manufacturer of diagnostic microbiology products. •Seradyn, a manufacturer of infectious disease diagnostic reagents and test kits. •Stevens Scientific, a leading producer of histology products and chemicals. •Trend Scientific, a manufacturer of histology and microbiology products. •Integrated Separation Systems, a manufacturer of specialty electrophoresis gels. •Applied Biotech, a manufacturer of rapid tests for pregnancy and drugs of abuse. •MicroBio, a manufacturer of diagnostic microbiology products. •HistoScreen, a line of cassettes for handling small tissue specimens. •Lab Vision, a manufacturer of immunohistochemistry equipment and reagents. •CTI, a manufacturer of calibrators and controls for immunology and clinical chemistry. •Murex, a manufacturer of bacteriology products. •Axis-Shields, a manufacturer of bacteriology products. •Forefront Technologies, a manufacturer of rapid test kits for drugs of abuse. •NeoMarkers, a producer of antibodies and specialty markers.
Labware and Life Science
•National Scientific, a manufacturer of laboratory chromatography supplies. •Summit Biotechnology, a producer of Fetal Bovine Serum. •InVitro Scientific, a manufacturer of roller bottles and packaging containers. •Intersep, a manufacturer of ultra filtration products. •Scientific Resources, a producer and distributor of chromatography supplies. •Molecular BioProducts, a manufacturer of pipette tips and other liquid handling products •Matrix Technologies, a manufacturer of liquid handling products used by laboratories. •Robbins Scientific, a manufacturer of biomedical products used in HTS. •GeneVac, a manufacturer of high speed evaporators used in drug discovery. •BioRobotics, a manufacturer of microarraying equipment. •Abgene, a manufacturer of reagents and plastic consumables for life sciences. •Chromocol, a manufacturer of chromatography vials. •Marsh BioProducts, a distributor of Life Sciences products. •Porex, a manufacturer of pipettte tips.
•Electrothermal Engineering, a manufacturer of heating mantles and controls. •Lab-Line Instruments, a manufacturer of laboratory shakers, incubators and freezers. •Laboratory Devices, a manufacturer of melting point apparatus. •Stem, a manufacturer of heating, cooling, stirring and shaking equipment for labs.
Clinical and Industrial Technologies
•EverReady Thermometer, a manufacturer of precision glass thermometers. •Owl Scientific, a maker of electrophoresis products. •Gold Seal Products, a line of microscope slide products. •Naugatuck Glass, the leading U.S. manufacturer of cosmetics mirrors. •Precision Glassworks, a manufacturer of cosmetic mirrors. •D&W, a manufacturer of cosmetics mirrors. •Chase Scientific, a producer of microscope slides and laboratory tubing products. •Cel-Line Associates, a manufacturer of printed microscope slides. •Sci-Can, a Canadian producer of glass tubing and other clinical laboratory products. •Marks Polarized a manufacturer of polarized optical coatings. •Scherf Prazision, a manufacturer of volumetric glassware, tubes, and vials. •Samco, a manufacturer of transfer pipettes and specimen containers. •Radscher & Betzold, a manufacturer of hydrometers and thermometers. •Stahmer & Weston, a manufacturer of laboratory hand care products. •Systems Sales Associates, a supplier of disposable plastic labware products. •Microm Laborgerate, a leading manufacturer of histology laboratory instrumentation. •VPT, a manufacturer of thin film deposition chambers. •Kimble Glass, a product line of disposable culture tubes. •Daniel Mirror, a manufacturer of mirrors. •Capitol Vial, a producer of specialty plastic vials and drug testing kits.
Prior Experience (1978-1995)
From 1978-1987, I worked at Kidder, Peabody & Co. where I was principally involved in mergers and acquisitions and capital raising for middle market companies. I completed approximately 25 acquisitions valued at over $3.0 billion, ranging in size from $5.0 million to $1.0 billion, and raised over $5.0 billion in debt financing and $1.0 billion in equity financing.
From 1987-1995, before my activities became dominated by Apogent and after I had left Kidder, Peabody, I completed a variety of financings, acquisitions and leveraged buyouts for a wide range of clients. The transactions I handled during this period totaled about $450 million in value.