Private Equity Firm Acquires UVP
Rich Detweiler, managing director of Carlisle Enterprises, told IBO that Carlisle chose to acquire UVP due to the management’s expertise, industry segment and its strong product reputation. Carlisle plans to grow the company through the development of new products, as well as acquisitions of niche businesses and product lines, including non-imaging products, and joint ventures. He also said that opportunities exist in utilizing UVP’s global distribution to distribute additional products and services.
Upland, CA 1/11/07—UVP, a suppler of laboratory imaging systems, was acquired by private equity investment firm Carlisle Enterprises on January 2. “Carlisle’s access to capital markets, their industry knowledge and their operating expertise represent significant support for UVP’s continued growth and development,” stated Leighton Smith, president and CEO of UVP. Carlisle’s previous laboratory-related investments include Kendro Scientific Products. UVP has approximately 110 employees.
