New Mountain Capital Acquires ILC Dover from Behrman Capital

Ingersoll Rand Acquires ILC Dover from New Mountain Capital

March 25, 2024

Medical Devices

Ingersoll Rand Inc. agreed to acquire ILC Dover from New Mountain Capital for approximately $2.325 billion in upfront cash plus an earnout tied to 2024 operating metrics. The acquisition establishes a life sciences platform within Ingersoll Rand's P&ST segment, expands the company's presence in biopharmaceutical and medical device markets, and brings ILC's ~2,000+ employees and global manufacturing footprint into the business.

ILC Dover Acquires Flexan from Linden Capital Partners

July 26, 2021

Medical Devices

ILC Dover LP has agreed to acquire Flexan, LLC from Linden Capital Partners. Flexan is a global contract manufacturer of high‑precision silicone, thermoplastic, and specialty rubber components primarily serving medical device OEMs; the acquisition expands ILC Dover’s manufacturing capabilities and customer base in medical device components.

New Mountain Capital Acquires Aceto Chemicals Business

April 16, 2019

Manufacturing

New Mountain Capital, through an affiliate, agreed to acquire the chemicals business of ACETO Corporation (Aceto), a Port Washington, New York-based supplier and distributor of pharmaceutical ingredients and specialty chemicals. The acquisition is intended to provide Aceto with financial and strategic resources to scale capabilities, pursue organic and inorganic growth, and strengthen its position in life sciences and specialty materials markets.

ILC Dover Acquires Solo Containment Ltd

September 9, 2020

Medical Devices

ILC Dover, Inc. has acquired Solo Containment Ltd, a UK-based specialist manufacturer of flexible film isolators used in pharmaceutical and biopharmaceutical manufacturing. The deal broadens ILC Dover's single-use containment and aseptic isolator capabilities, establishes a European center of excellence, and complements its HPAPI containment offerings; Solo founder Martyn Ryder will remain with the business.

ILC Dover Acquires KSE Scientific

December 16, 2021

Manufacturing

ILC Dover has acquired KSE Scientific, a Durham, North Carolina-based manufacturer of Water for Injection (WFI) and related sterile solutions for biopharma, cell & gene therapy, tissue banking and medical device customers. The acquisition expands ILC Dover’s life-sciences manufacturing capabilities and integrates KSE’s sterile consumable product line into ILC’s broader biopharmaceutical workflow solutions; KSE will continue to operate under its own brand and its founder, James Lally, will remain with the company.

New Mountain Capital to Acquire PerkinElmer's Applied, Food and Enterprise Services Businesses

August 1, 2022

Medical Devices

New Mountain Capital entered into a definitive agreement to acquire PerkinElmer's Applied, Food and Enterprise Services businesses (a carve-out from PerkinElmer's Discovery & Analytical Solutions segment) for up to $2.45 billion. The transaction transfers the OneSource lab and field services business and a portfolio of instruments, consumables and reagents to New Mountain, which intends to invest behind the business as a platform for growth; the deal closed in Q1 2023 subject to customary approvals.