Vance Street Capital Facilitates Major Acquisition to Enhance Medical Manufacturing Capabilities

Vance Street Capital's Strategic Acquisition

On April 3, 2025, Vance Street Capital, a private equity firm based in Los Angeles, revealed a significant business move aimed at enhancing its portfolio companies, Innovize and Excel Scientific. This strategic acquisition involves Zenith Adhesive Components (ZAC), a well-regarded contract manufacturer headquartered in Athlone, Ireland. Founded in 2012, ZAC has developed a stellar reputation rooted in innovation, reliability, and responsiveness, making it a valuable asset for Innovize and Excel Scientific to further support their global clientele.

John LeRosen, a partner at Vance Street Capital, expressed enthusiasm about the merger. "Bringing Zenith, Innovize, and Excel Scientific together will consolidate our strengths and capabilities," he stated. This acquisition not only aligns with the operational strategies of the companies involved but also significantly boosts their potential to cater to medical, life sciences, and technology sectors.

Understanding the New Alliance

The joining of forces among these three brands is a calculated step towards catering to a more expansive market. Julie Cameron, the CEO of Innovize and Excel Scientific, emphasized the perfect alignment of philosophies and methodologies. She stated, "The partnership with Zenith aligns perfectly with our strategy focusing on customer needs and enhancing our operational capacity. Pat O'Neill, Jonathan Whately, and their team bring crucial expertise that will allow us to deliver market-leading solutions across North America and Europe."

For Pat O'Neill, the founder of Zenith Adhesive Components, this union marks the dawn of an exciting new chapter. The company's capabilities, enhanced by Innovize's and Excel Scientific's esteemed portfolios, are set to meet the rigorous demands of the medical devices and technology segments. "We believe this integration will allow us to leap forward in delivering essential solutions tailored for the industry’s future requirements," O'Neill noted.

What This Means for the Market

The consolidation is expected to augment market reach and capabilities, providing a more robust framework to support the needs of clients both in the U.S. and worldwide. Grady Miller, another partner at Vance Street Capital, pointed out that this merger will allow the platform to support its customers more effectively and expand its presence across critical end markets.

Founded in St. Paul, Minnesota, in 1958, Innovize has established itself as a leading provider of adhesive and film-based solutions in the medical manufacturing landscape. The company caters to various sectors, including diabetes care, cardiology, neurology, surgical applications, and diagnostics. It joined forces with Excel Scientific, a prominent supplier of microplate sealing films and foils, in 2022. Excel Scientific was established in 1992 and has been integral in life science research, making significant strides in the biotech, pharmaceutical, and diagnostic markets.

Vision for the Future

This acquisition not only creates a formidable entity in the medical manufacturing landscape but also points towards a transformative future for all stakeholders involved. The subsequent collaboration between Innovize, Excel Scientific, and Zenith Adhesive Components will pave the way for the development of innovative and tailored solutions meeting the evolving demands of the industry.

Vance Street Capital, as a middle-market private equity firm, looks ahead to boost revenue growth and operational improvements across its investment portfolio. The firm rests on fostering relationships with management teams and family-owned businesses, aiming to enhance their market position and profitability.

In conclusion, this acquisition signals a promising future for Innovize, Excel Scientific, and Zenith, as they combine their strengths to deliver unparalleled solutions in the medical and life sciences sector. Their collaborative efforts are set to redefine standards of quality and responsiveness, proving beneficial to customers and partners alike.