Thompson Street’s Vector Lab Platform Keeps Clicking
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Thompson Street’s Vector Lab Platform Keeps Clicking

Vector Laboratories was acquired by Thompson Street in September 2021 through its sixth fund

Vector Laboratories is a manufacturer of visual detection reagents used by life science researchers for slide staining and imaging workflows. 

SOURCE: Vector Laboratories

Vector Laboratories, a portfolio company of Thompson Street Capital Partners, has acquired sister companies Click Chemistry Tools and Fluoroprobes.

Vector Laboratories, acquired by TSCP in September 2021 through its sixth fund, is a manufacturer of visual detection reagents used by life science researchers for slide staining and imaging workflows.

Source: Vector Laboratories

Vector Laboratories’ products and technologies, sold through more than 40 distributors, have been cited in more than 350,000 peer-reviewed publications and its catalog and custom products are used by laboratories around the world. The company, led by CEO Lisa Sellers, is headquartered near San Jose in Newark, California.

Scottsdale, Arizona-headquartered Click Chemistry Tools (CCT) manufactures cross-linking and labeling reagents used in academic research, pharmaceutical development, and industrial applications. Click chemistry as a process refers to chemical reactions that allow researchers to connect two molecular building blocks together with ease. It has a wide range of applications, making it an essential tool for chemical research, including medicinal chemistry, materials science, and polymer chemistry.

CCT also provides synthesis and bioconjugation services. Synthesis services involve the production of biological molecules, while bioconjugation services involve the modification or linking of these molecules to create new and useful hybrid molecules.

Scottsdale, Arizona-based Fluoroprobes, CCT’s sister company, is a provider of fluorescent probes and dyes that are used to label or detect, in real-time, specific molecules or structures, including proteins and nucleic acids, in biological or chemical systems. Fluoroprobes absorb light at a specific wavelength and then emit light at a longer wavelength, allowing them to be detected using a fluorescence microscope or spectroscopy.

“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,” said Dr. Sellers. “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.”

“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, a 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.”

St. Louis-based TSCP makes equity investments of $50 million to $250 million in companies with EBITDA between $5 million and $50 million. Sectors of interest include healthcare and life science services, software and technology services, and business and consumer products and services.

© 2023 Private Equity Professional | March 8, 2023

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