Detector Technology Inc, a portfolio company of Ampersand Capital Partners, has acquired New Jersey-based Scientific Instrument Services, a maker of precision mass spectrometry filaments and ion optic assemblies. No financial terms were disclosed.
PALMER, Mass., Feb. 20, 2018 /PRNewswire/ — Detector Technology, Inc., (“DeTech”) a leader in analytical instrument contract design and manufacturing, with a focus on mass spectrometry and sample preparation, today announced the acquisition of long-time partner Scientific Instrument Services (“SIS”). The two merged companies’ key manufacturing and engineering resources will facilitate customized product development and production solutions for the combined entity’s global OEM clients. DeTech is a portfolio company of Ampersand Capital Partners.
“The acquisition of SIS is our first step towards building a leading contract manufacturer of lab products,” said Jay Ray, President and CEO of DeTech. “The acquisition allows us to strengthen our initial strategic vision of being the market leader in mass spectrometry contract manufacturing. DeTech is focused on continuing to expand its liquid handling and automation capabilities, and our growth will provide our customers innovative product solutions, enhanced support and operational efficiencies.”
“The benefits that our OEM partners will realize from this business combination are meaningful given the complementary aspects of our product development and manufacturing capabilities,” said Chris Baker, President of SIS. “We are very excited to be part of the DeTech market leadership vision, world class manufacturing and best-in-class products.”
DeTech will remain headquartered in Palmer, MA, while maintaining the presence of manufacturing and support from the SIS facilities in New Jersey and Pennsylvania.
Financial terms of the acquisition were not disclosed.
About Detector Technology, Inc.
Detector Technology, Inc. is a strategic OEM supplier for key products and manufacturing service for analytical and laboratory equipment manufacturers. DeTech’s manufacturing vertical integration strategy allows for rapid to market product development and best in class costing while delivering high quality and service. Additional information is available at www.detechinc.com.
About Scientific Instrument Services
Scientific Instrument Services is a manufacturer of precision mass spectrometry filaments and ion optic assemblies. SIS also distributes an extensive line of laboratory supplies for mass spectrometers, gas chromatographs and related scientific laboratory equipment including its patented Thermal Desorption System. Additional Information is available at www.sisweb.com
About Ampersand Capital Partners
Founded in 1988, Ampersand is a middle market private equity firm dedicated to growth-oriented investments in the healthcare sector. Ampersand leverages its blend of private equity and operating experience to build value and drive superior long-term performance alongside its portfolio company management teams. Ampersand has helped build numerous market-leading companies across each of our core healthcare sectors, including Brammer Bio, Confluent Medical, Detector Technology, Genoptix, Talecris Biotherapeutics and Viracor-IBT Laboratories. Additional information about Ampersand is available at www.ampersandcapital.com.