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  • Writer's pictureFalls River Group

Falls River Group Advises on The Sale of Helmer Scientific to Trane Technologies

Falls River Group (“FRG”) is pleased to announce the acquisition of Helmer Scientific Inc. ("HSI") by strategic investor Trane Technologies ("Trane") (NYSE:TT). FRG acted as the exclusive M&A Advisor to Helmer Scientific. The deal represents FRG’s continued emphasis and success in the cold technology and life sciences landscape. The specific terms of the transaction were not disclosed.

Helmer Scientific is an established, entrepreneurial, growth company that designs, integrates, manufactures, markets, and distributes specialized medical and laboratory equipment to clinical and life sciences customers in over 125 countries, as well as provides after-market service and support.

Trane Technologies is a global climate innovator. Through strategic brands Trane® and Thermo King®, and a portfolio of environmentally responsible products and services, Trane Technologies brings sustainable climate solutions to buildings, homes and transportation.

Trane Technologies’ acquisition of Helmer Scientific supports Trane Technologies’ strategy to bring climate innovation and temperature-control solutions to more industries, including the fast-growing life sciences and clinical health markets.​

This acquisition broadens Trane Technologies’ capabilities in precision temperature control and its existing portfolio of life science solutions and expertise under the FARRAR™ brand. Trane Technologies will leverage its world-class operating system, and expertise in sustainability, services, global distribution and commercialization to accelerate Helmer’s continued global growth.​

Helmer Scientific’s more than 425 associates have joined the Trane Technologies team and the business will continue its operations in Noblesville, Indiana.​

"The FRG team were indispensable partners that earned our trust throughout the process,” said Bruce King, CEO, Helmer Scientific. “Their specific life sciences market experience helped us identify, target, and access suitors that we hadn't even considered. They helped us discern and prove out the full value of our business through an approach that effectively balanced analytical reasoning and the relational aspects of our story. They also took the lead and kept us steady and focused through complex negotiations. What stood out most, though, is FRG’s commitment to relationships and service all the way through and beyond closing.”​

Founded in 1992, Falls River Group is a global Mergers & Acquisition (“M&A”) advisor based in Naples, Florida. FRG’s core capability is sell-side advisory services, generating shareholder wealth for sellers of middle-market companies who seek a proven and confidential process. FRG’s professionals are committed, trusted advisors to their clients and referral partners. The firm’s track record is success, advising in over 400 domestic and cross-border transactions. Falls River Group is the longest standing member of IMAP, a global M&A partnership of nearly 500 advisors in more than 40 countries. In 2022, IMAP closed 238 deals with an aggregate deal value of over $26bn.​

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