Audax Private Debt, as joint lead arranger and bookrunner, provided a unitranche credit facility to support the acquisition of Genesee Scientific by LLR Partners, a Philadelphia-based private equity firm focused on investing in middle-market technology, healthcare and services businesses.
Headquartered in San Diego, Genesee Scientific is a manufacturer and distributor of products to global life science markets. Providing more than 20,000 SKUs, Genesee Scientific serves customers out of two facilities located in San Diego and Triangle Park, NC. The company provides consumable products to independent laboratories and university customers.
“Genesee is uniquely positioned as a trusted consumable life science products provider to customers throughout the United States,” Ryan Benedict, managing director at Audax Private Debt, said. “We’re excited to work with LLR Partners and the Genesee team to help support the continued growth of the company.”