Graham Partners sells SP to Harbour Group

Harbour Group has acquired SP Industries from Graham Partners. Lincoln International LLC co-advised SP Industries on the transaction. No financial terms were disclosed. Based in Warminster, Pennsylvania, SP is a provider of scientific equipment, biological drug manufacturing solutions and precision labware.


CHICAGO, IL – Lincoln International LLC (“Lincoln”), a leading global mid-market investment bank, is pleased to announce that SP Industries, Inc. (“SP”) has been sold by Graham Partners to Harbour Group.

SP is a leading designer and manufacturer of state-of-the-art scientific equipment, biological drug manufacturing solutions and precision labware, with a product portfolio that includes lyophilizers, centrifugal evaporators, stability chambers, NMR (nuclear magnetic resonance) tubes and laboratory glassware, thermal control systems and laboratory apparatus. These products serve a range of end markets, including the pharmaceutical, biotechnology, scientific, university, healthcare, industrial, aeronautic and semiconductor industries. They are distributed globally under the SP umbrella of market-leading brands, which include Hull, VirTis, FTS, Genevac, Hotpack, Bel-Art, H-B Instrument and Wilmad-LabGlass.

SP has its base in Warminster, Pennsylvania, and has nine manufacturing facilities and three service centers in the United States and United Kingdom. For more information, please visit

About Lincoln International
Lincoln International specializes in merger and acquisition advisory services, debt advisory services, private capital raising and restructuring advice on mid-market transactions. Lincoln International also provides fairness opinions, valuations and pension advisory services on a wide range of transaction sizes. With sixteen offices in the Americas, Asia and Europe, Lincoln International has strong local knowledge and contacts in key global economies. The firm provides clients with senior-level attention, in-depth industry expertise and integrated resources. By being focused and independent, Lincoln International serves its clients without conflicts of interest.
More information about Lincoln International can be obtained at