Capstone Partners (IMAP USA) advised Genesee Scientific Corporation, a manufacturer and distributor of laboratory products to global life science markets, on its recapitalization with LLR Partners.

Genesee Scientific, founded in 1995 by Ken Fry, is a premier distributor of high-quality life science laboratory products. With thousands of products available, its markets include pharmaceutical and biotechnology companies; colleges, universities, secondary education institutions; medical research institutions, hospitals, reference labs; and quality control, process control, and research and development laboratories. Genesee has warehouses located in San Diego, California and Research Triangle Park, North Carolina. Over the last 26 years, Genesee has grown into one of the largest providers of life science consumables and equipment to the Academic and Biotech markets globally.

The partnership will help enable Genesee’s continued growth through investment in its leading product portfolio, scaling of its national footprint and continued excellence in serving its laboratory customers.

Founded in 1999 and with more than $5 billion raised across six funds, LLR Partners is a lower middle market private equity firm investing in technology and healthcare businesses. LLR is a flexible provider of equity capital for growth, recapitalizations and buyouts.