Situation
US BioTek Laboratories, Inc. (“US BioTek” or the “Company”) is a leading laboratory specializing in testing for food-related allergies and intolerances. Headquartered in Shoreline, Washington, US BioTek’s testing facility provides a variety of immunology and chemistry profiles to naturopaths, clinics, and physicians around the world.
ZS Role
Zachary Scott was retained on an exclusive basis to represent the shareholders in their search for a partner that would further advance the growth and success of the business while allowing the owners to move into advisory roles.
Results
Zachary Scott organized a competitive sale process that attracted a range of bids from industry participants and qualified financial buyers. The sale of the Company was consummated with Pike Street Capital, a private equity firm based in Seattle, Washington. Pike Street Capital’s investment and partnership will help US BioTek expand its testing services and reach a growing global customer base.