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GTCR to Purchase Majority Stake in Lab Firm PathGroup (2)

May 13, 2022, 7:11 PM

Private equity firm GTCRhas agreed to buy a majority stake in laboratory services company PathGroup Holdings LLC from Pritzker Private Capital.

The deal values Tennessee-based PathGroup at about $1.2 billion including debt, according to a person familiar with the matter, who asked not to be identified because the details were private.

The current management team, including Chief Executive Officer Ben Davis, will be reinvesting as part of the transaction while the Pritzker family investment firm and Vesey Street Capital Partners will retain a minority stake, according to a statement Friday confirming an earlier Bloomberg News report. Former Labcorp ...