L Squared Capital Partners, an investment firm, acquired Globe Scientific, a provider of laboratory supplies.

Globe Scientific is L Squared’s third acquisition as part of GSI Group Holdings, a collection of leading brands servicing the biotic and clinical life sciences sectors. GSI Group’s brands bring in over $100 million in revenue. Globe Scientific founders will continue to be material shareholders in GSI Group and will join GSI Group Board.

Dara Diamond, president, and CEO of Globe Scientific said, “For the past 38 years, we have been passionate about providing a family-oriented culture for our employees while delivering five-star service and value to our customers and supply-chain partners. We are thrilled to join a platform of companies that share the same passion, vision, and corporate culture mindset.”