LOS ANGELES, CA--(Marketwired - July 08, 2014) - StoneCalibre announced today the completion of the acquisition of Edge Biosystems, Inc. ("EdgeBio"), headquartered in Gaithersburg, Maryland. Established in 1990, EdgeBio is a highly specialized manufacturer and distributor of sample preparation and clean-up products for use in DNA sequencing.
EdgeBio's consumable products are critical components in the DNA sequencing process allowing researchers to determine the exact genetic make-up of DNA for use in clinical and diagnostic labs, food testing, molecular medicine, ancestry studies and other applications. EdgeBio has built a solid reputation as a sequencing purification supplier of choice stemming from its consistent, high-quality product performance backed by its proprietary formulations.
"We are extremely pleased to announce the EdgeBio transaction and are thrilled about the opportunity to play a role in the rapidly developing DNA sequencing industry as it works to help solve real world issues from detecting foodborne illnesses before they spread to discovering how we can prevent and treat diseases," said Brian Wall, Founder and Chief Executive Officer of StoneCalibre. "We believe EdgeBio will continue to build on its tradition of providing high-quality, easy-to-use products to its global customer base and serve as a strong platform for future growth."
John Seed, Founder and President of EdgeBio, expressed his enthusiasm for partnering with StoneCalibre. "Having built this company for the last 23 years it was important for me to find the right transaction partner that I felt had the skill set and resources to take EdgeBio to the next level." Mr. Seed, who will continue in the role as President stated, "I'm truly looking forward to the collaboration with StoneCalibre going forward."
BroadOak Capital Partners acted as the exclusive sell-side financial advisor in this transaction. The terms of the transaction were not disclosed.
Headquartered in Century City, CA, StoneCalibre is a privately funded investment firm specializing in the acquisition of lower middle market companies. Founded by Brian Wall in 2012, StoneCalibre is focused on making investments in both special situations and quality long-term capital investment opportunities. For more information please visit our website at www.stonecalibre.com.