July 8, 2015

Celerity Partners Exits ABC Labs in Transaction with Evans Analytical Group (“EAG”)

Celerity Partners and other shareholders sold Analytical Bio-Chemistry Laboratories, Inc., of Columbia, Missouri (“ABC Labs”) to EAG.  ABC is a leading Contract Research Organization providing product development and analytical testing services for the Agrochemical and Pharma/Biopharma markets.

John Bucksath, who joined ABC Labs in 1989 and became CEO in 2012, stated ”ABC Laboratories has grown from a small quiet company located in the Midwest to an industry recognized competitor providing regulated services to the pharmaceutical, animal health and agriculture industries.    Looking back, the transformation led by Celerity’s investment was critical to position ABC to compete in today’s market.   The growth and maturation were a necessary next step in the organization’s journey and has equipped ABC to move to the next level in its continuing evolution. Where we are today would not have been possible without Celerity’s guidance, support and unwavering commitment to all stakeholders.”

The ABC exit resulted in approximately a 6.2x cash on cash return for Celerity’s equity investment.