Copley Equity Partners announces investment in Perkins Biomedical Services
Perkins to invest in building a leading laboratory equipment service business
Copley Equity Partners, a private equity firm headquartered in Boston, Mass., announced that it has completed a full buyout of Perkins Biomedical Services. Terms of the transaction were not disclosed.
“Perkins is excited to be partnering with Copley Equity Partners who brings extensive experience working with family-owned businesses in the healthcare industry. Copley will help Perkins continue to grow while providing exceptional service to its customers.”
Perkins, based in Concord, NH, will utilize Copley’s investment to assist in the company’s strategy to build a market-leading laboratory equipment service business. Perkins will serve as Copley’s platform investment in the laboratory equipment service industry and is actively pursuing other complimentary investments as part of the investment strategy. Copley Equity representatives Peter Trovato and Andrew Miller will participate on the Perkins Board of Directors.
Shane Perkins, owner of Perkins Biomedical, said, “Perkins is excited to be partnering with Copley Equity Partners who brings extensive experience working with family-owned businesses in the healthcare industry. Copley will help Perkins continue to grow while providing exceptional service to its customers.”
Peter Trovato, managing partner at Copley, said, “Shane has built an exceptionally strong organization, evidenced by Perkins’ employee culture and long-term customer relationships with hospital systems throughout the Northeast. We look forward to helping Perkins continue strong growth both organically and through acquisitions.”
Matthew DiFrancesco, senior associate at Copley, said, “Perkins plays a mission-critical role in the clinical laboratory sector which they service. We’re excited to help facilitate their continued growth, as well as strengthen efforts to identify, and integrate, additional leading laboratory equipment service businesses as part of this platform investment.”