Globe Scientific Inc., a leading US provider of medical and life science laboratory products, has been sold to GSI Group Holdings, an Irvine, California based portfolio company of L Squared Capital Partners. Terms of the private transaction were not disclosed.

Founded in 1983 by the Diamond family and based in Mahwah, New Jersey, Globe Scientific is a leading US lab brand and world-class supplier of lab consumables and branded products to scientific laboratories, medical applications, and the biopharmaceutical industry. Globe Scientific sells its products to a diverse range of customers in the life sciences, medical, veterinary, and other laboratory areas.

Globe will join GSI Group leading brands AmScope, Euromex, OMAX, Q-scope, and Physix Photonics. As a leading platform of providers of laboratory consumables and equipment, GSI Group will offer its branded laboratory consumables and benchtop equipment globally for the scientific, academic, and industrial communities.

EC M&A acted as exclusive financial advisor to Globe Scientific on this transaction.