Audax Private Debt announced that, as Joint Lead Arranger and Bookrunner, it provided a unitranche credit facility to support the acquisition of Genesee Scientific (“Genesee” or the “Company”) by LLR Partners, a Philadelphia-based private equity firm focused on investing in middle-market technology, healthcare, and services businesses.
Headquartered in San Diego, CA, Genesee is a manufacturer and distributor of products to global life science markets. Providing over 20,000 SKUs, Genesee serves customers out of two facilities located in San Diego, CA and Triangle Park, NC. The Company provides consumable products to independent laboratories and university customers globally.
“Genesee is uniquely positioned as a trusted consumable life science products provider to customers throughout the United States,” said Ryan Benedict, Managing Director at Audax Private Debt. “We’re excited to work with LLR Partners and the Genesee team to help support the continued growth of the Company.”
About Genesee Scientific
Founded in 1995 and headquartered in San Diego, CA, Genesee Scientific is a manufacturer and distributor of products to global life science markets. Genesee provides academic and biotech organizations with mission-critical scientific consumables and equipment, including filter tips, tissue cultures, reagents, and other life science products. For more information, please visit geneseesci.com.