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.