The Clarke Companies recently acquired Covex, LLC, a global provider of validation and compliance services for the life sciences, food & beverage, and chemical industries based in Wayne, Pa.
The Clarke Companies provides packaging, automation, validation, and vision inspection services to the Life Sciences Industry and is based in Fishers, Ind.
The acquisition will enable the combined organization to provide a more connected IT, manufacturing, and software systems environment for its FDA-regulated Life Sciences customers.
“The acquisition of Covex expands Clarke’s midwestern geographic footprint into the Northeast and Southeast’s biopharma and medical device markets and integrates the expertise of both companies for its enterprise customers who require a highly specialized and efficient single-source solution,” John Duffin, president of The Clarke Companies, said. “This expansion benefits our clients by bridging the firewall between Information and Operational Technology, which is increasingly important as products, devices, and systems become more connected.”
The acquisition was led by private equity sponsor Lightview Capital and Maranon Capital, which provided debt financing. It doubles the size of The Clarke Companies and extends its geographic footprint.
“The Covex team shares The Clarke Companies’ mission of trust, and as a single solution company we now bridge the gap between information and operational technologies for enterprise companies that produce life-saving drugs and medical devices,” Covex, LLC President Rich Tabarrini, who remains with the company in his current position, said. “With Covex’s strong, established relationships with larger pharmaceutical companies, the combined organization provides connected, cohesive, compliant IT, manufacturing, and software systems. Plus, our teams will expand the geographic reach of these synergized services in the regulated life sciences arena.”