Golden Gate Capital has acquired Cole-Parmer, a distributor of medical lab and testing equipment, from private equity firm GTCR. Financial terms of the deal were not disclosed.
Cole-Parmer is a designer and manufacturer of laboratory and industrial fluid handling products, testing and measurement equipment. Founded in 1955, the Vernon Hills, Illinois-based company was founded in 1955 and services the healthcare, biotech, pharmaceutical, environmental and food industries. Cole-Parmer distributes its products to an international network of laboratory managers and independent dealers using a variety of brands, including: Masterflex, Ismatec, Oakton, and the Cole-Palmer private label brand.