Riverlake Buys Genevac

Based in Warminster, Pennsylvania, with more than 500 employees, SP Industries offers laboratory glassware and chemicals. UK-based Genevac expands SP Industries’ European presence.

Washington, DC 3/30/07; Waltham, MA 4/3/07; Portland, OR 4/4/07—The US Federal Trade Commission has approved Thermo Fisher Scientific’s sale of its Genevac business to Riverlake Equity Partners (see IBO 2/15/07). Genevac will merge with SP Industries, another Riverlake company, and SP Industries CEO Charles L. Grant will lead Genevac operations. Terms were not disclosed.

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