GTCR bought ZeptoMetrix by means of one among its portfolio firms, Cole-Parmer. The acquisition worth was not launched. ZeptoMetrix has about 125 employees – about 75 of whom are in Buffalo – and so they’ll stick with the company, acknowledged Kellie Kennedy, a spokeswoman for GTCR. ZeptoMetrix will keep based in Buffalo and preserve its private establish following the possession change.
ZeptoMetrix was primarily based in 1999 and makes merchandise utilized by the infectious sickness diagnostic enterprise, along with for Covid-19. The company moreover has operations in Massachusetts.
ZeptoMetrix Firm (ZMC) is an Commerce Chief and Innovator acknowledged with prime quality, reliable and trusted Merchandise, Firms and World Choices for Infectious Sickness Diagnostic Enchancment.
As a very built-in Biotechnology Agency our decisions help all phases of Evaluation & Enchancment, Assay Validation & Verification, Top quality Administration, Service Testing, Manufacturing, BioStorage, Regulatory Submissions and Check out Package deal Commercialization.
From conception to launch, our confirmed Scientific and Operational Teams current our Companions and Prospects with cohesive choices and firms that exceed tomorrow’s Infectious Sickness Diagnostic needs.
Buffalo-based biotechnology company ZeptoMetrix Corp., a distinguished agency throughout the fight in opposition to infectious diseases, has been acquired by a Chicago-based private equity company GTCR.
“The addition of ZeptoMetrix is extraordinarily complementary to our current product portfolio all through the life sciences market,” acknowledged Bernd Brust, Cole-Parmer’s CEO.
“The acquisition underscores our dedication to serving our purchasers with distinctive, differentiated merchandise that help pace up their evaluation and enchancment purposes and help their diagnostic workflows,” he acknowledged.
ZeptoMetrix will be recognized for its ties to former congressman Chris Collins, who co-founded the company and beforehand served as its board chairman. Collins left the board in 2018, after he was charged with insider shopping for and promoting in a case involving a definite agency. Collins subsequently pleaded accountable throughout the insider shopping for and promoting case nonetheless was freed from jail after President Trump pardoned him.
ZeptoMetrix affords various custom-made corporations utilizing expertise in virology, bacteriology, molecular biology, immunology, and related disciplines involved with assay enchancment and infectious sickness diagnostics functions.
With an in depth assortment of microorganisms and expertise in sourcing and propagation of strains of curiosity, we excel at collaborations with evaluation and product enchancment scientists to search out choices to challenges unmet by primary off-the-shelf product decisions.