Lakelet Capital Acquires GenTech Scientific

LLR Partners Makes Growth Investment in Genesee Scientific

October 19, 2021

Medical Devices

LLR Partners completed a growth investment in Genesee Scientific, a San Diego–based manufacturer and distributor of life-science consumables and laboratory equipment. The partnership will fund expansion of Genesee's product portfolio and scaling of its national footprint; Audax Private Debt provided unitranche financing to support the transaction.

Edgewater Capital Partners Acquires GL CHEMTEC

August 11, 2022

Pharmaceuticals

Edgewater Capital Partners, a Cleveland-based lower middle-market private equity firm, has acquired GL CHEMTEC, a chemistry-based contract research organization (CRO) headquartered in Oakville, Ontario. Edgewater will support GLC's expansion of API development, scale-up and advanced materials capabilities to accelerate growth across North American pharma and life-sciences customers.

Genesee Scientific Acquires Jade Scientific

September 15, 2025

Healthcare Services

Genesee Scientific, a portfolio company backed by LLR Partners, has acquired Jade Scientific, a Michigan-based distributor of chemicals and consumables for clinical reference, pharma/biotech, and environmental labs. The add-on expands Genesee’s lab essentials portfolio, broadening product offerings and strengthening service capabilities for customers nationwide.

Tecum Capital and Genesis Park Invest in Chemistry to Support Breakwater Management Majority Recapitalization

June 9, 2025

Marketing & Advertising

Tecum Capital, alongside Genesis Park, has invested debt and equity capital in Chemistry to support Breakwater Management’s majority recapitalization of the full-service marketing and digital agency. The financing package, which included senior bank financing from S&T Bank, is intended to strengthen Chemistry’s capacity for growth and expand its competitive position across creative, digital, and multicultural marketing services.

Gun Lake Investments Assumes Operating Control of Hall Technologies

April 13, 2022

Manufacturing

Gun Lake Investments increased its majority stake in Hall Technologies LLC and assumed full operating control following a new investment, transitioning control previously held by Blackford Capital. Terms were not disclosed; Monica King, CEO of Gun Lake Investments, becomes board chair and said GLI will actively manage Hall to pursue growth channels, product launches and expansion in healthcare, corporate IT and education markets.

IPG Photonics Acquires Innovative Laser Technologies from Generation Growth Capital for $40M

July 11, 2017

Medical Devices

IPG Photonics Corporation has acquired Innovative Laser Technologies, Inc. (ILT) from Generation Growth Capital Fund II, LP for $40 million in cash. ILT, a Minneapolis-based designer and manufacturer of high-precision laser systems for medical device OEMs, will expand IPG's ability to deliver turnkey laser systems and integrated solutions to the medical device market and other end-user industries.