Avidity Science Expands Biomedical Research Portfolio with the Completion of its Fifth Add-on Acquisition
The Partners of ShoreView are pleased to announce that Avidity Science, a ShoreView portfolio company, has acquired Lab Products. The acquired business includes the following divisions: Bio Medic Data Systems, Hydropac®, Lab Products, Inc., and Harford Systems.
ShoreView invested in Avidity Science in 2016, and the acquisition represents the fifth add-on completed during ShoreView’s ownership. The acquired companies provide a variety of state-of-the-art products in water purification, life science research project monitoring, and complementary vivarium systems.
Avidity Science is a worldwide leader in water purification systems and research tools used by universities, research facilities, life science companies, and government agencies to assist in biomedical research. Each of the five acquisitions have grown Avidity Science’s product offering and expanded the platform’s geographic presence.
ShoreView assisted Avidity Science in its acquisition of Lab Products. To learn more about Avidity Science, please visit its website at www.avidityscience.com.
Founded in 2002, ShoreView is a Minneapolis-based private equity firm that has raised over $1.3 billion of committed capital across four funds. ShoreView partners with family or entrepreneurial-owned companies across many sectors, including engineered products, distribution, industrial services, business services, healthcare, and niche consumer products. ShoreView structures a variety of acquisition, recapitalization and build-up transactions, typically in businesses with revenues ranging between $20 million and $300 million.