Confluence Advisors, LLC is pleased to announce that it advised Burrell Reagents, LLC in its sale to SilverMill, LLC and PNC Riverarch Capital. SilverMill, based in Bonita Springs, FL, is an investment firm led by an experienced group of laboratory and scientific industry executives. PNC Riverarch Capital is a middle-market private equity firm affiliated with the PNC Financial Services Group, Inc. (NYSE: PNC).
Headquartered in Pittsburgh, PA with a chemical production facility in Charlotte, NC, Burrell Reagents is a specialty chemical producer, manufacturer and distributor providing a wide range of chemicals, equipment and supplies used in analytical/test laboratories and production operations. Customers primarily utilize the Company’s products to conduct internal testing of products for quality control purposes.
Burrell Scientific, based in Pittsburgh, PA, was acquired in 2013 by an investor group led by Walter Rausch to consolidate and grow the laboratory and scientific products industry. In 2015, Burrell Scientific acquired Reagents, Inc., a Charlotte, NC based producer of specialty chemicals. Under Mr. Rausch’s leadership, the Company made significant investments in processes, people, facilities and technology that enabled the Company to achieve higher than industry growth rates.
“We are excited to partner with industry executives and investors with significant experience in our sector who desire to continue to grow our business in new and exciting ways. We expect to add new products and expand into new geographies. It will also create opportunities for us to better serve our customers and offer greater room for growth to our employees," said Walter Rausch, Burrell Reagents President and CEO.
Ted Pulkownik, CEO of SilverMill, added, “Partnering with Burrell Reagents and its skilled employee base is an outstanding opportunity for our firms to capture the growth potential offered by the scientific market. We look forward to accelerating the Company’s current growth trajectory.”
About Confluence Advisors, LLC
Confluence helps business owners maximize the sale of a business or non-core division, raise optimal funding, or acquire a business. With over 80 years of combined deal experience and more than $1.5 billion in transactions, the Confluence team works every day to help companies and their stakeholders through critical business transitions. The above testimonials may not be representative of the experience of other customers and is not a guarantee of future performance or success.
About Burrell Reagents, LLC
Burrell Reagents is a specialty chemical producer and distributor providing a wide range of chemicals and supplies used in analytical/test laboratories and production operations.Customers primarily utilize the Company’s products to conduct internal testing of products for quality control purposes.Industries served include chemical, food & beverage, metals, healthcare, pharmaceutical, pulp & paper, industrials and microelectronics, among others.