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Arlington Capital Partners has acquired Charles River Laboratories' Avian Vaccine Services business, establishing a new entity called AVS Bio. This company will operate independently and cater to the biologic manufacturing market. AVS Bio is a leader in supplying specific pathogen-free eggs and laboratory products essential for vaccine development and manufacturing. With approximately 250 employees across over 20 facilities in the US and Europe, AVS Bio aims to expand through new product development and strategic acquisitions. The acquisition signals Arlington's focus on mission-critical inputs in the biologic sector.
Positive
Formation of AVS Bio as a standalone entity enhances operational focus.
AVS Bio is a leading provider of specific pathogen-free eggs, positioning it well in the biologic manufacturing market.
Potential for growth through new product offerings and strategic acquisitions.
Negative
None.
WASHINGTON--(BUSINESS WIRE)--
Arlington Capital Partners (“Arlington”), a Washington, DC-area private equity firm, announced today it has acquired Charles River Laboratories’ (NYSE:CRL) Avian Vaccine Services business to form a new company, AVS Bio (the “Company”). The Company will operate independently as a standalone platform for Arlington that will serve the biologic manufacturing and bioprocessing markets.
AVS Bio is the leading global provider of specific pathogen free (“SPF”) eggs and adjacent laboratory products and services that support the development and manufacture of vaccines, therapeutics, and other biologics used for human and animal health. The Company supplies leading manufacturers with critical bioprocessing inputs including SPF eggs, antigens, and cell products. It also provides diagnostic testing and manufacturing support services and supports new therapeutic development through supplying antibodies such as IgY for use in clinical trials. Headquartered in Norwich, CT, the Company has ~250 employees across over 20 facilities located in the US and Europe.
Malcolm Little, a Partner at Arlington, said, “Identifying and investing behind mission-critical inputs within the biologic manufacturing end market has long been an area of focus for Arlington. Over its 60+ year history, AVS Bio has established itself as the global leader in its market with an extensive domestic manufacturing footprint and an unmatched reputation for quality, biosecurity, and reliability. We are eager to partner with current management to not only establish the Company as a standalone entity, but also capture the opportunities we have collectively identified to produce additional growth through both new product development and strategic acquisitions.”
Deb Tosto, President of AVS Bio, said, “We are very excited to be partnering with Arlington to grow AVS Bio as a standalone entity. Arlington’s deep pharma services expertise, as well as its ability to provide extensive strategic and capital support, will help AVS Bio thrive as we look to optimize our current offerings and develop new capabilities to better serve our customers.”
Mark Giragosian, a Vice President at Arlington, added, “The combination of the Company’s strong market position, deep customer relationships, and unparalleled expertise in SPF products create an ideal foundation on which to build a new bioprocessing platform. We have tremendous respect for the Company’s storied legacy and are excited to invest behind the management team to accelerate its expansion into new markets.”
About Arlington Capital Partners
Arlington Capital Partners is a Washington, DC-based private equity firm that has managed approximately $7 billion in capital commitments. Arlington is focused on middle market investment opportunities in growth industries including healthcare, government services and technology, aerospace & defense, and business services and software. The firm’s professionals and network have a unique combination of operating and private equity experience that enable Arlington to be a value-added investor. Arlington invests in companies in partnership with high quality management teams that are motivated to establish and/or advance their company’s position as leading competitors in their field.
Headquartered in Norwich, CT, AVS Bio is global provider of specific pathogen free (“SPF”) eggs and adjacent laboratory products and services that support the development and manufacturing of vaccines, therapeutics, and other biologics used for human and animal health. Prior to its acquisition by Arlington, the Company operated as a subsidiary of Charles River Laboratories (NYSE:CRL). The Company currently employs ~250 employees across 20+ facilities in Connecticut, New York, Illinois, Missouri, and Europe.
Malcolm Little & Mark Giragosian Arlington Capital Partners (202) 337-7500
Source: Arlington Capital Partners
FAQ
What is AVS Bio and how does it relate to CRL?
AVS Bio is the new independent company formed from Charles River Laboratories' Avian Vaccine Services business, which specializes in biologic manufacturing.
What are the implications of Arlington's acquisition for Charles River Laboratories (CRL)?
The acquisition allows CRL to focus on its core operations while AVS Bio independently manages its biologic inputs business.
What market does AVS Bio serve?
AVS Bio serves the biologic manufacturing and bioprocessing markets, supplying critical inputs like SPF eggs for vaccine development.
What are the expectations for growth after the acquisition?
AVS Bio aims to expand its operations through new product development and strategic acquisitions, leveraging Arlington's expertise.
How many employees does AVS Bio have?
AVS Bio currently employs approximately 250 people across more than 20 facilities in the US and Europe.
