Incline Equity Partners and portfolio company Wheaton Industries Inc. (“Wheaton”) announced today the acquisition of MicroLiter Analytical Supplies, Inc. (“MicroLiter”), a leading supplier of chromatography sample vials and accessories.
This is the third add-on acquisition for Wheaton Industries since Incline Equity’s initial investment in June 2010. Wheaton acquired Laboratory Sales Limited (LSL), a manufacturer and marketer of laboratory consumables, in February 2011. LSL, now doing business as WHEATON UK, is based in Rochdale, United Kingdom. In July 2012, Wheaton acquired CELLine, a manufacturer of disposable cell culture flasks.
MicroLiter, headquartered in Suwanee, Georgia, was founded in 1996 to provide high-quality consumable products to the chromatography market. Its product line includes glass autosampler vials, inserts, septa and closures, and the MicroLiter Plate Sampling System, a patented design that brings a 96-well, multi-array sample handling format for chromatography autosamplers.
“The MicroLiter acquisition is highly complementary to our core business as it enables Wheaton to better serve the fast-growing High Performance Liquid Chromatography (HPLC) market,” said Jack Glover, Partner of Incline Equity Partners and Wheaton director.
“The MicroLiter product portfolio is a great addition to Wheaton’s existing life sciences business,” said Jeff Huss, Senior Associate of Incline Equity Partners and Wheaton director. “With the support of Wheaton management, we continue to seek unique acquisition opportunities like MicroLiter that allow the company to expand into new market segments within the global laboratory supply market.”
About Incline Equity Partners
Incline Equity Partners, headquartered in Pittsburgh, Pennsylvania, is a private equity firm focused on making investments in lower middle-market growth companies, focusing on companies with enterprise values of $30MM to $125MM across a variety of industry sectors including value-added distribution, specialized light manufacturing and business and industrial services. Typical investment types are management buyouts, ownership transitions for privately held businesses and corporate divestitures. Incline Equity Partners has experience with investing, mergers and acquisitions, leveraged finance, leveraged buyouts and growth capital.
Disclaimer
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