Avantik Acquires CPBS Holdings and Marston Technical Services

Avantik Acquires Service Specialists of America

February 4, 2025

Healthcare Services

Avantik, a provider of products and service solutions for diagnostic laboratories, has acquired Service Specialists of America to strengthen its service presence in the Midwest and advance its national expansion. The acquisition — Avantik's third in the past year — expands its network of field service engineers supporting anatomic pathology, histology and dermatology labs; Avantik is backed by Water Street Healthcare Partners.

Applied Technical Services (Odyssey Portfolio) Acquires Process Instruments, Instrumentation Technical Services and Accu-Chek

May 3, 2023

Industrial Services

Odyssey Investment Partners portfolio company Applied Technical Services (ATS) completed three add-on acquisitions—Process Instruments LLC, Instrumentation Technical Services LLC, and Accu-Chek—to expand ATS' metrology, calibration and dimensional inspection capabilities across regulated end markets. The deals strengthen ATS' Testing, Inspection and Certification & Compliance (TICC) service lines and expand its footprint in life sciences, food, medical and aerospace markets as part of continued roll-up activity (22 acquisitions since Odyssey's investment).

Water Street Healthcare Partners Invests in Avantik

February 15, 2023

Healthcare Services

Avantik has partnered with Water Street Healthcare Partners, which has committed growth capital and sector experience to support Avantik's next phase of expansion. The investment will fund organic initiatives and acquisitions to expand Avantik's consumables, equipment and maintenance services; Mark Zacur was appointed CEO to lead the growth plan.

Versant Diagnostics Acquires Two Chicago-Area Pathology Practices

July 11, 2022

Healthcare Services

Versant Diagnostics, a PE-backed independent physician services company, acquired Pathology Consultants of Chicago and the operating assets of Elgin Laboratory Physicians to expand its footprint in the greater-Chicago market. The deals (Versant's third and fourth acquisitions in nine months) support the company's strategy to consolidate pathology practices and accelerate digital pathology conversion with growth capital backing from Iron Path Capital and financing support from Principal.

Versant Diagnostics (Iron Path Capital) Acquires Addison Central Pathology

October 18, 2021

Healthcare Services

Versant Diagnostics, a physician services platform backed by private equity firm Iron Path Capital, announced its formation and the addition of Addison Central Pathology to create one of the largest independent anatomic pathology groups in the Midwest. The partnership—led by physician founders and Iron Path Capital—aims to scale a technology-forward, physician-led pathology platform focused on digital pathology and precision medicine.

AVANTech Acquires Diversified Technologies Services

November 20, 2014

Environmental Services

AVANTech, Inc. of Columbia, South Carolina has reached a definitive agreement to combine with Diversified Technologies Services, Inc. (DTS) of Knoxville, Tennessee, with DTS becoming a division of AVANTech. The transaction integrates DTS's field services, system leasing and products with AVANTech's engineering, design and manufacturing capabilities to expand radioactive and industrial liquid treatment offerings for nuclear, utility and industrial customers worldwide.