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In 2021, ATS Scientific Inc., a leading provider of high-quality analytical instrumentation, sample preparation and materials processing equipment and services across Canada, was acquired by search fund Aevi Capital, led by Aleks Sobot, and Sage Capital Partners.
Headquartered in Burlington, Ontario, ATS Scientific was founded in 1989 by Alex Heino as a small service organization and has evolved into a full-fledged, well-respected sales and service organization serving the Canadian laboratory marketplace. It distributes, markets and services critical equipment used in the powders, materials science and engineering, environmental science, food and feed, mining and earth sciences, pharma/nutraceuticals, petroleum and energy, and cannabis testing industries. With a portfolio consisting of market-leading manufacturers such as Verder Scientific, Microfluidics, Milestone Inc., HORIBA Instruments, Micromeritics Instruments Corp. and many others, ATS is recognized as one of the most reliable and technically focused suppliers to the Canadian scientific community.
After nearly five years of growing the company, including the acquisition of Folio Instruments, Aevi Capital and Sage Capital Partners have successfully exited the company, which was acquired by Vancouver-based PE firm CAI Capital Partners through an equity and debt financing package provided by CIBC. With CAI’s support, ATS Scientific is well positioned for its next phase of growth. The partnership will support continued investment in technical expertise, service capabilities and strategic growth opportunities across Canada.
“ATS has grown by helping customers select the right solutions and then standing behind the equipment with responsive, knowledgeable support,” commented ATS Scientific Chief Executive Officer Aleks Sobot. “CAI shares our long-term vision and brings deep experience in value-added distribution and technical services. We look forward to working together to strengthen our capabilities and create new opportunities for our team, our partners and our customers.”
M&A: KPMG Corporate Finance / Legal (seller): Stikeman Elliott / Legal (buyer): Lawson Lundell / DD: RSM / Tax: Alvarez & Marsal
