An independently managed investment subsidiary of Investindustrial Growth III SCSp has acquired Proveris Scientific Corporation, a Hudson, Massachusetts-based manufacturer of analytical testing instrumentation, software and laboratory solutions used by pharmaceutical companies to evaluate sprays and aerosols, with a particular focus on orally inhaled and nasal drug products.
Founded in 1995 by Dino J. Farina, Proveris designs and manufactures spray characterization testing systems and provides related lab services and technical expertise for customers that include branded and generic drugmakers, contract development organizations, device manufacturers and regulatory agencies. Investindustrial said Proveris’ technologies are deeply embedded in customer workflows and regulatory processes and support approvals for orally inhaled and nasal drug products in more than 30 countries.
Investindustrial said it plans to partner with Proveris’ management team to accelerate the company’s expansion and use it as a foundation to build a broader pharmaceutical testing equipment group. The firm expects to pursue growth both organically and through acquisitions, including in adjacent categories within pharmaceutical testing equipment.
Investindustrial pointed to its experience backing companies across equipment, automation and healthcare as a basis for supporting Proveris’ next phase of development while maintaining its science-led culture and customer focus. The firm cited prior investments by affiliates including Arterex, Ourvita, GeneraLife, Lifebrain and Omnia Technologies.
As part of the transaction, Farina will remain with Proveris and reinvested as a minority shareholder alongside Investindustrial. The firms said the reinvestment aligns incentives for continued growth and reflects Investindustrial’s approach to partnering with founders.
Support: Investindustrial was advised by EuroConsult, Inc. as financial advisor and White & Case LLP as legal advisor. The sellers were advised by City Capital Advisors as exclusive financial advisor and Mirick O’Connell DeMallie & Lougee LLP as legal advisor.
KEY QUOTES:
“Proveris represents an exceptional platform to build a global leader in specialty pharmaceutical testing equipment. We greatly admire what Dino and the team have achieved and look forward to partnering on the next phase of growth. By leveraging our industrial expertise, international reach, and strong integration capabilities, we aim to accelerate growth and expand the company’s global footprint.”
Andrea C. Bonomi, Chairman, Investindustrial Industrial Advisory Board
“Investindustrial represents everything I could hope for in a partner focused on strategic growth, investment and value creation for Proveris’ customers and the Proveris team. I am very excited for the future working with the Investindustrial team.”
Dino Farina, Founder & CEO, Proveris
