Sier Capital Partners and ILS Management Complete Management Buyout of Integrated Laboratory Systems (ILS)

Innovative Lab Services Acquires Overbrook Scientific

November 20, 2025

Healthcare Services

Innovative Lab Services (ILS) has acquired Overbrook Scientific, a provider of laboratory relocations, asset management, and multi-vendor instrument maintenance, to expand ILS's national footprint and specialized lifecycle capabilities. Overbrook's founder Ted Palashis and the full Overbrook team will join ILS and continue to lead laboratory lifecycle and technical services within the combined organization.

Innovative Lab Services Acquires PL Consultants, LLC

January 15, 2025

Healthcare Services

Innovative Lab Services (ILS), a laboratory solutions provider based in Ohio, has acquired PL Consultants (PLC), a lab management and toxicology consulting firm. The acquisition expands ILS's scientific validation, data analysis, staffing and compliance capabilities to deliver more comprehensive services to life-sciences customers.

Innovative Lab Services Acquires MLS Technologies

October 16, 2024

Healthcare Services

Innovative Lab Services LLC (ILS), a provider of analytical instrument maintenance and repair, has acquired MLS Technologies, Inc., an analytical instrument services and support company. The deal expands ILS's technical capabilities and geographic reach—adding multi‑OEM service coverage and a local presence in the Pacific Northwest—while MLS employees will transition to ILS.

Inotiv Acquires Integrated Laboratory Systems (ILS)

January 10, 2022

Healthcare Services

Inotiv, Inc. (NASDAQ: NOTV) completed the acquisition of Integrated Laboratory Systems, LLC (ILS), a contract research organization based in Morrisville, North Carolina, from Sier Capital. The transaction consideration totaled $56.0 million (approximately $38.0 million cash and 429,118 Inotiv shares valued at $18.0 million); ILS reported roughly $20.0 million of revenue in 2021 and will be integrated to expand Inotiv's genetic toxicology, in vivo/in vitro toxicology, pathology, genomics, and computational toxicology capabilities.

The Riverside Company Invests in Independent Living Specialists (ILS)

April 6, 2020

Healthcare Services

The Riverside Company has made a growth investment in Independent Living Specialists (ILS), a Sydney-based retailer and distributor of mobility and homecare products. Riverside said the capital will support ILS's national expansion—both organically and via bolt-on acquisitions—and accelerate growth of its retail showrooms, clinically trained field force and online channels.

NXTsoft Acquires Integrated Legacy Solutions

March 6, 2019

Software

NXTsoft, a provider of intelligent risk management solutions, has acquired Birmingham, Alabama-based Integrated Legacy Solutions (ILS). The acquisition adds approximately $5 million of annual revenue, brings ILS's data conversion and migration technology into NXTsoft's portfolio, and will enable cross-selling of NXTsoft's compliance, data analytics and cybersecurity offerings to ILS's bank and credit union customers.