Pion Inc. Acquires BEE International

Protective Industrial Products Completes Acquisition of Honeywell’s Personal Protective Equipment Business

May 22, 2025

Healthcare Services

Protective Industrial Products, Inc. (PIP) completed the all-cash acquisition of Honeywell’s Personal Protective Equipment (PPE) business for $1.325 billion. The deal expands PIP’s head-to-toe protective equipment portfolio with Honeywell’s well-known PPE brands and strengthens its global manufacturing and distribution footprint.

Jabil Acquires Pharmaceutics International (Pii)

February 6, 2025

Pharmaceuticals

Jabil has acquired Pharmaceutics International (Pii), a Hunt Valley, Maryland-based contract development and manufacturing organization (CDMO) that provides aseptic filling, lyophilization and oral solid dose manufacturing. The all-cash transaction represents an exit for a consortium led by Signet Healthcare Partners, Athyrium Capital Management, Hildred Capital and Pharmascience Inc., and brings Pii’s ~300+ employees and four-site campus into Jabil’s Pharmaceutical Solutions offering to expand its drug development and manufacturing capabilities.

BBI Solutions Acquires IBEX Technologies Inc.

April 8, 2024

Biotechnology

BBI Solutions OEM Limited has acquired IBEX Technologies Inc., a Montreal-based developer and manufacturer of high-precision enzymes and diagnostic solutions, with the transaction closing on April 8, 2024. The acquisition expands BBI's recombinant protein and enzyme capabilities to better serve in-vitro diagnostics (IVD) manufacturers and brings IBEX's staff and contract-manufacturing capabilities into BBI's global operations.

Groupe Berkem Acquires i.Bioceuticals from International Nutrition Company (INC)

February 16, 2023

Food & Beverage

Groupe Berkem has acquired i.Bioceuticals, the exclusive North American distributor of OPC and pine bark extracts from Dutch supplier International Nutrition Company (INC). The cash transaction transfers i.Bioceuticals' Massachusetts-based team to Groupe Berkem as the Group expands its bio-based health, beauty and nutraceutical offering and strengthens its footprint in North America.

Pion Inc Acquires Two Square Science

December 11, 2022

Medical Devices

Pion Inc., a provider of analytical instruments for drug development and backed by SFW Capital, has acquired Two Square Science, a Fall River, Massachusetts company that designs sample preparation and lab monitoring equipment. The acquisition adds Two Square's PrepEngine and LabEye technologies to Pion's product portfolio to expand in vitro sample preparation and remote monitoring capabilities and accelerate customers' drug development workflows.

SFW Capital Partners Completes Majority Recapitalization of Pion Inc.

May 20, 2021

Medical Devices

SFW Capital Partners completed a majority recapitalization of Pion Inc., a Billerica, Massachusetts-based provider of analytical instrumentation, software, reagents and services for pharmaceutical formulation development and quality control. Founders Mike and Sharon Kelly are reinvesting and will retain an ownership stake while Brian Dutko was named CEO as the company pursues product development, international expansion, enhanced sales and marketing, and strategic acquisitions.