Global buyout giant Carlyle has sold life science industry equipment and supplies provider Thomas Scientific to Broad Sky Partners.
The 120-year old business provides products for laboratory research, biopharmaceutical, medical device, clinical diagnostics, cleanroom and other related end markets.
Carlyle bought Thomas Scientific in 2017, and has since made four add-on acqusitions.
The firm said it also saw the potential for value creation by helping Thomas Scientific expand into higher growth end markets, including biopharma and molecular diagnostics.
Vipul Amin, managing director at Carlyle, said, “We are proud of our partnership with the world-class management team at Thomas Scientific to transform the business from a leading regional to a leading national player, with a comprehensive product offering, excellent customer service and reliable supply chain serving both small and large labs.
“Undoubtedly, Thomas is uniquely positioned to continue to expand its market presence.”
Carlyle is believed to be out fundraising for up to $27bn for its latest flagship fund, which would become the biggest buyout vehicle ever.
Recent deals from the firm include buying data center company Involta, eyeing ‘significant opportunity for growth’.
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