London, 29 October 2024 – Limerston Capital-backed Astoriom, a global leader in the R&D sample stability and biorepository storage industry, has made its second acquisition of 2024 as it takes over Nottingham-based biorepository specialist, MTS Cryostores and sister laboratory refrigeration specialist, Cool Repair Scientific UK.
This strategic move follows Astoriom's acquisition of Flagship Biosciences’ North Carolina biorepository operations earlier this month, underscoring the company’s commitment to expanding its global footprint through a robust buy-and-build strategy. Limerston Capital initially carved out Astoriom from Source BioScience in January of this year.
With over 30 years of expertise in safeguarding samples for leading scientific and consumer R&D companies, Astoriom has established a strong reputation in ICH sample stability and biorepository storage, operating state-of-the-art facilities across the United States, the United Kingdom, and Ireland.
The addition of MTS Cryostores and Cool Repair Scientific UK brings an additional 30 years of specialised experience providing mission-critical services to customers spanning research facilities, hospitals, clinics, pharmaceutical companies, clinical trial centres, and biobanks worldwide.
Astoriom is focused on growing its capabilities across the US and Europe. This latest transaction continues the momentum generated by the acquisition of Flagship’s biorepository assets and the recent appointment of Lori A. Ball as the new Chief Executive Officer, heralding an exciting new phase of expansion.
Marco Ferrara of Limerston Capital commented: “This is another step on Astoriom’s buy-and-build growth trajectory bringing further breadth to the business’s offering as well as its client base. We continue to proactively search for further acquisition opportunities as the company becomes a global leader in the industry.”
Lori A. Ball commented: “This is an important time for Astoriom as we build upon our strong growth trajectory, expanding our reach across the UK, Europe and the US while enhancing our service offerings for clients globally.”
“MTS Cryo Stores and Cool Repair Scientific UK bring invaluable expertise and innovative technologies that perfectly complement our existing high-quality R&D sample stability storage solutions. Their industry knowledge and cutting-edge practices will not only strengthen our current capabilities but also allow us to explore new avenues for growth and innovation.”
“As we continue to evolve, Astoriom is poised to lead the way in biorepository services. This acquisition enables us to deliver even greater value to our customers, supporting their research and innovation projects to the highest possible standard.”
For more information, please contact:
Martim Avillez, Limerston Capital Founding Partner martim.avillez@limerstoncap.com +44 (0)203 897 1860
Media: Caroline Villiers cvilliers@keplercomms.com +44 (0)7808 585184 Charlotte Balbirnie cbalbirnie@keplercomms.com +44 (0)7989 528421
About Limerston Capital
Founded in 2015 by James Paget, João Rosa and Martim Avillez, London based Limerston Capital pursues control investments in UK mid-market companies and seeks to create value through the firm’s buy-and-build and operationally focused model. The firm targets businesses with EBITDA of between £5 million and £15 million that have a solid value proposition, but have potential for operational improvements, have mispriced underlying returns on capital and provide opportunities for strategic repositioning via consolidation.
About Astoriom
At Astoriom, we are the global quality expert in safeguarding R&D sample assets. For over 30 years, our customers have trusted us to secure, protect and preserve their scientific and consumer R&D product samples. We offer a comprehensive portfolio of sample stability storage, biorepository storage, disaster protection & recovery, and sample storage equipment & validation services. Our global environmentally controlled storage solutions enable our customers to safeguard the integrity and viability of their valuable sample assets to advance their research innovation. As a global leader and trusted expert in sample stability and biorepository storage solutions, our team of specialists and engineers offer international regulatory compliant quality processes and custom designed sample storage protocols to the top R&D industries worldwide. To learn more, please visit us at www.astoriom.com.