Swedesboro-based Thomas Scientific has been acquired by Broad Sky Partners from Carlyle, marking the New York firm’s first investment. Thomas Scientific is a leading pure-play solutions provider of critical supplies to the health care, biotech, clinical diagnostics and life sciences industries.
Charles Simmons, CEO and president of Thomas Scientific, commented: “We’re grateful to Carlyle for their support since 2017, and excited to partner with Broad Sky for the next phase of our expansion. We’ve known the partners at Broad Sky for several years, given their investment and operating roles during their time at Carlyle. They have the right mix of skills and resources to help us grow and continue to advance our mission to be the most trusted partner in science for our customers, suppliers and associates.”
Adam Glucksman, partner at Broad Sky, added: “We’ve identified several powerful, long-term drivers of growth in life sciences and clinical diagnostics, and believe Thomas Scientific has a platform that is uniquely positioned for significant expansion through organic growth as well as strategic acquisitions. We’re thrilled to partner with their talented management team and look forward to helping the company scale.”
Berenson & Co. served as financial adviser and Morrison Cohen LLP served as legal adviser to Broad Sky.
Separately, Thomas Scientific announced it launched a dedicated cannabis team and business unit committed to serving laboratories, researchers and manufacturers operating within the growing industry.
“We at Thomas Scientific are here to serve every step of the cannabis workflow — from cultivation, to extraction, to analytical testing — and are proud of the advancements being made in this market,” stated Shawn Williams, director of sales, cannabis, at Thomas Scientific. “There is so much untapped potential in this single plant and, along with our supplier partners, we’re very excited to support our customers as discoveries are made.”
Thomas Scientific’s cannabis unit will be led by a group of subject matter specialists and receive support from a nationwide contingent of field sales representatives. It will leverage the company’s international distribution network, broad product portfolio and other already established competencies in efforts to rapidly gain market share.
In total, the Thomas portfolio boasts more than 300 suppliers serving the needs of cannabis and hemp customers — including Pall Corp., Lakeland Industries, Mach Technologies, Cann Systems and other top names. Key product categories offered include chemicals, personal protective equipment, equipment such as chromatography, freezers, etc., and many more, with support from value-added services like calibration and vendor-managed inventory.