Falls River Group Advises on The Sale of Overlook Industries to Enpro

Falls River Group (“FRG”) is pleased to announce the acquisition of Overlook Industries Inc. ("OVLK") by strategic investor Enpro (NYSE:NPO). FRG acted as the exclusive M&A Advisor to Overlook. The deal represents FRG’s continued emphasis and success in the life sciences landscape – with multiple deals closed in the space since 2020. The specific terms of the transaction were not disclosed. 

About Overlook Industries 

Overlook Industries, headquartered in Easthampton, Massachusetts, specializes in the design and fabrication of single-use technologies and other critical componentry for biopharmaceutical production processes.  The acquisition of Overlook expands Enpro’s biopharmaceutical capabilities in liquid dose biologics, where more stringent aseptic processing is essential to contamination prevention. 

About Enpro 

Enpro (NYSE: NPO), headquartered in Charlotte, North Carolina, is a leading industrial technology company focused on critical applications across many end-markets, including semiconductor, industrial process, commercial vehicle, sustainable power generation, aerospace, food and pharma, photonics, and life sciences.   

Combined with Garlock Hygienic Technologies, Overlook’s technologies enhance Enpro’s solutions across the value chain of biopharma production.  These strengthened capabilities provide Enpro more customer intimacy and technology expertise to better meet the industry’s growing need for tailored, single-use consumables as the production and use of biologics and cell and gene therapies accelerate. Overlook’s more than 20 associates have joined the Enpro team, and the business will continue its operations in Easthampton, Massachusetts. 

Transaction Summary 

Overlook engaged FRG to lead a successful exit that would maximize value for its shareholders and identify a new partner with the strategic vision and expertise to further its leadership position in the final fill space. Under FRG’s advisory, the Company received a variety of competitive offers through a targeted process to both strategic and financial investors. Enpro  will be providing global commercial reach, and operational insights to support Overlook’s mission and next phase of growth. 

“I knew the process of selling our small business would be a challenge given our highly specialized products and niche market,” said John Morin, CEO and founder. "From the initial broad search for interested parties, working down to a select few, through LOI and due diligence, the highly skilled and personable FRG staff were by my side. Falls River Group was up to the task from day one and guided me throughout the entire process. "  

“We are very happy about this outcome for John Morin, who built a highly successful business over the course of 30 years”, said Steve Maddox, CEO of Falls River Group. “Under John’s leadership, Overlook has grown to become a market leader in final fill solutions for Bioprocessing. This transaction provides a great illustration of our mission – to help entrepreneurs realize the value of their work, achieve their goals, and successfully transition to their next projects. It was also an opportunity for Falls River Group to leverage its deep industry knowledge around Bioprocessing and Life Sciences Tools. Finally, it has been a pleasure working with the great team of professionals at Enpro; we would like to congratulate them on this strategic acquisition and are pleased that Overlook remains in good hands.”