On September 3, 2021, Avidity Science, a portfolio company of ShoreView Industries and a worldwide leader in life science research tools, sold its subsidiaries of Lab Products, LLC and Harford Systems, LLC to Gen Cap America, Inc. ("Gen Cap"), a private equity firm focused on lower middle market buyouts.
The Healthcare M&A practice of Duff & Phelps, A Kroll Business, served as exclusive financial advisor to Avidity Science in connection with the transaction.
About Avidity Science
Avidity Science is a worldwide leader in water purification and delivery, control and monitoring and service solutions for the life science and biomedical research communities. Since 1969, our mission has been to enable science to improve the quality of life. With operations in the United States, Europe, and Asia, we are a trusted partner to the global research community through unrivaled technology and support. Sidley Austin LLP served as legal counsel to Avidity Science.
About Lab Products/Harford Systems
Established in 1969, Lab Products & Harford Systems are a world leader in the design and manufacture of research model housing solutions. Our patented technologies address research issues of protecting research models and scientific personnel, efficient use of available area and operational efficiency.
About Gen Cap America
Gen Cap America, Inc. is a Nashville-based private equity firm that provides equity for management buyouts, division spinoffs, and recapitalizations of profitable, well-established lower middle market businesses. Bass, Berry & Sims PLC served as legal counsel to Gen Cap America.
Sell Side Advisor
Duff & Phelps, A Kroll Business, Advised Avidity Science on Sale of Lab Products and Harford Systems to Gen Cap America
Corporate Finance and Restructuring
M&A advisory, restructuring and insolvency, debt advisory, strategic alternatives, transaction diligence and independent financial opinions.
Mergers and Acquisitions (M&A) Advisory
Kroll’s investment banking practice has extensive experience in M&A deal strategy and structuring, capital raising, transaction advisory services and financial sponsor coverage.
Healthcare Investment Banking
Healthcare expertise for middle-market M&A transactions.
Transaction Advisory Services
Kroll’s Transaction Advisory Services platform offers corporate and financial investors with deep accounting and technical expertise, commercial knowledge, industry insight and seamless analytical services throughout the deal continuum.
Fairness and Solvency Opinions
Duff & Phelps Opinions is a global leader in Fairness Opinions and Special Committee Advisory, ranking #1 for total number of fairness opinions in the U.S., EMEA (Europe, the Middle East and Africa), Australia and Globally in 2023 according to LSEG (FKA Refinitiv).
Private Capital Markets – Debt Advisory
Kroll has extensive experience raising capital for middle-market companies to support a wide range of transactions.
Financial Sponsors Group
Dedicated coverage and access to M&A deal-flow for financial sponsors.
