Acquisition contributes to long-term growth strategy of accelerating commercialization of innovative labeling and detection technologies
Thompson Street Capital Partners (“TSCP”), a private equity firm based in St. Louis, MO, today announced that its portfolio company Vector Laboratories, the pioneer of innovative proteomic and glycomic research solutions, has acquired Click Chemistry Tools, a manufacturer of click chemistry linkers and labeling reagents, and Fluoroprobes, a leader in fluorescent probes and dyes. These acquisitions will expand Vector Laboratories’ manufacturing and bioconjugation capabilities to better serve partners across biopharma and the life sciences. Terms of the transaction were not disclosed.
“Vector Laboratories is excited about these acquisitions because it’s the first to contribute to our long-term strategic vision of accelerating the pace of protein detection innovation,” says CEO of Vector Laboratories Lisa V Sellers, PhD. “This is an investment to expand our capabilities and technology set for labeling, detecting, and conjugating products for our current customers and expands our ability to serve broader industrial segments such as biopharma and therapeutics.”
Scottsdale, AZ-based Click Chemistry Tools was founded a decade ago to create novel cross-linking and labeling reagents using the most up-to-date research. Its products are used to advance drug discoveries, therapeutic approaches, and diagnostic techniques of many prestigious research and academic institutions nationally and worldwide. Fluoroprobes provides expertise in fluorescent probes and dyes to reliably manufacture the same compounds as larger companies, guaranteeing the quality and reproducibility of all its products.
“The combination of Vector Laboratories, Click Chemistry Tools and Fluoroprobes will further our effort to create a truly unique offing in the protein detection space,” said J.C. Wetzel, Director at TSCP. “We are thrilled to be partnering with Andrei Polukhtin, founder and former CEO of Click Chemistry Tools and Fluoroprobes, and his team to leverage what they have already built across the Vector Laboratories ecosystem.”
