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Windjammer Capital buys Advanced Instruments

Staff Writer | November 10, 2016
Windjammer Capital Investors announced the acquisition of Advanced Instruments in partnership with AI’s management team.
Advanced Instruments
Acquisition   Laboratory test equipment
Terms of the transaction were not disclosed. Founded in 1955 and headquartered in Norwood, MA, Advanced Instruments is a designer, manufacturer and marketer of laboratory test equipment and related consumables for use in clinical, food and dairy, microbiology, pharmaceutical and biotech markets.

With an array of technical competencies, including being the world’s foremost authority on the application of Freezing Point Depression technology for measuring the osmolality of solutions, AI serves thousands of end users in over 90 countries under the Advanced Instruments, Fiske and Mart Microbiology brands.

“AI is a terrific addition to the Windjammer portfolio given the strength of its core business and multiple avenues for growth,” said Craig Majernik, Principal at Windjammer.

“We are thrilled to be partnering with Windjammer in our transition from family to private equity ownership,” said John Coughlin, CEO of AI.

Advanced Instruments is the sixth platform investment in Windjammer’s $726 million Senior Equity Fund IV and “represents precisely the type of business we have built our reputation on,” added Greg Bondick, Managing Director at Windjammer,.


 

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