Confluence Advisors Represents Burrell Reagents, LLC in Sale Transaction

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.

Confluence Completes Its Second Testing, Inspection and Certification (“TIC”) Transaction by Representing Orbit Industries, Inc. in its Sale to Element Materials Technology

Confluence Advisors, LLC (“Confluence”) is pleased to announce that it advised Orbit Industries, Inc., a leading provider of nondestructive testing (“NDT”) services on its sale to Element Materials Technology.

Headquartered near Cleveland Ohio, Orbit is a Nadcap and ISO 17025 accredited laboratory that also operates out of four other satellite inspection facilities across Ohio, Pennsylvania and New York. With over 30 prime approvals, Orbit, a leader in the NDT industry, specializes in ultrasonic, liquid penetrant, magnetic particle and chemical processing for raw materials, semi-finished and finished products, including landing gear components, airfoils and aluminum wheels.

John Alexandrovic, CEO, Orbit, commented ‘’Since our formation in 1965, we have become one of the leading providers of NDT services to aerospace primes and Tier 1 suppliers in the United States. We see partnering with Element as an opportunity to expand our capabilities and capacity, so we can continue to offer our customers testing solutions of the best quality, lead time and price in the industry.’’

Confluence Advisors acted as the exclusive merger and acquisition advisor to Orbit Industries. This transaction marks the second sale of a NDT company that Confluence advised in the last twelve months.

About Confluence Advisors, LLC

Confluence helps business owners maximize the sale of a business, 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.