BioLife Solutions Acquisition, Valuation & Financials

BioLife Solutions was acquired by Repligen for $1.5B in July 2026.

BioLife Solutions acquisition price

$1.5B

Acquired by Repligen · Jul 2026

BioLife Solutions revenue as a public company

$109M

Last twelve months · Sep 2026 · 26% EBITDA margin

BioLife Solutions revenue multiple before the deal

16.9x

EV/Revenue · last month listed · Sep 2026

BioLife Solutions EBITDA multiple before the deal

65.3x

EV/EBITDA · last month listed · Sep 2026

BioLife Solutions Overview

About BioLife Solutions

BioLife Solutions Inc is a life sciences company that develops, manufactures, and markets bioproduction products and services that are designed to improve quality and de-risk biologic manufacturing, distribution, and transportation in the cell and gene therapy ("CGT") industry. The company provides solutions such as Cell Processing, Cold Chain, and Thawing. The company generates the majority of its revenue from Cell Processing through the biopreservation product "CryoStor". Geographically the company generates the majority of its revenue from the United States.


Founded

1987

HQ

United StatesSeattle, WA

Status

Acquired

Customer focus

B2B

Revenue model

Product sales, Services

Revenue

$109M (Sep 2026)

Valuation

$1.5B (acquired Jul 2026)

BioLife Solutions Acquisition

BioLife Solutions was acquired by Repligen for $1.5B on 21 July 2026.

Repligen agreed to acquire BioLife Solutions in a cash-and-stock transaction valued at approximately USD 1.5 billion, with BioLife stockholders receiving USD 11.25 in cash and 0.1442 shares of Repligen common stock per share, for total consideration of USD 31.00 per BioLife share. The deal structure is described as 64% Repligen common stock and 36% cash, and the consideration implies a 24% premium to BioLife’s 90-day VWAP. BioLife also reported preliminary second-quarter 2026 revenue of USD 28.5 million, up 21% year over year from USD 23.4 million. Repligen said it expects the acquisition to expand its cell-therapy capabilities and biopreservation-media offering, while one report said the company expects at least USD 20 million of first-year cost savings and more than USD 30 million in the second year. BioLife is described as a leading developer and supplier of cell processing tools and services for the cell and gene therapy market, with a recurring-revenue consumables business centered on biopreservation media and other cell-processing tools. Repligen said the acquisition strengthens its position in the fast-growing cell-therapy market and broadens its presence in higher-margin consumables. The transaction was announced on July 21, 2026 and is subject to customary closing conditions; one report said closing is expected in the fourth quarter of 2026.

BioLife Solutions acquisition details
AcquirerDateTypePrice
21 Jul 2026Strategic M&A$1.5B

BioLife Solutions as a Public Company

BioLife Solutions traded as NAS: BLFS before it was taken private. Its acquisition was announced in July 2026. September 2026 is its last month on record as a listed company, with a market cap of $1.9B and an enterprise value of $1.8B.

Last-twelve-month revenue was $109M, with EBITDA of $28M (26% margin), and the shares traded at 16.9x EV/Revenue and 65.3x EV/EBITDA.

Over the 4 years before that, its market cap grew from $971M in September 2022 to $1.9B, while revenue fell from $152M to $109M.

BioLife Solutions market cap while listed

BioLife Solutions EV/Revenue (LTM) while listed

BioLife Solutions financials and trading multiples by year while listed
As ofMarket capRevenue (LTM)EBITDA (LTM)EBITDA marginEV/RevenueEV/EBITDA
Sep 2026$1.9B$109M$28M26%16.9x65.3x
Sep 2025$1.2B$97M$22M23%12.0x53.1x
Sep 2024$1.2B$118M$10M8%9.8x120.9x
Sep 2023$601M$152M($11M)-7%3.9x(56.4x)
Sep 2022$971M$152M$3M2%6.2x309.7x

Market cap, enterprise value and last-twelve-month figures are month-end values, up to the last month BioLife Solutions traded.

Acquisitions by BioLife Solutions

BioLife Solutions has acquired 4 companies to date.

Last acquisition by BioLife Solutions was on April 7th 2025. BioLife Solutions acquired PanThera CryoSolutions for $10M.


Latest Acquisitions by BioLife Solutions

PanThera CryoSolutions
Sexton Biotechnologies
Stirling Ultracold
Savsu Technologies
Description
PanThera CryoSolutions is a developer of dry-state cryopreservation media for cells, tissues, and organs. Its products replace liquid nitrogen storage with ambient temperature shipping via vapor-phase containers, minimizing ice formation and toxicity while preserving post-thaw viability above 90 percent for stem cells and reproductive tissues. Based in Israel, the company targets fertility clinics and cell therapy manufacturers.
Sexton Biotechnologies is an Indianapolis-based biotechnology firm that produces container closure systems and media supplements for cell and gene therapy manufacturing. Incubated by Cook Regentec, the company raised growth capital to expand commercialization of its bioproduction tools. These products support scalable processing of therapeutic cells in cleanroom environments.
Stirling Ultracold is a manufacturer of ultra-low temperature freezers operating below -86°C, a division of Global Cooling, Inc. Athens-headquartered in Ohio, it utilizes free-piston Stirling engine technology instead of cascade refrigeration or dry ice. The product line includes upright and chest models for biological sample storage in labs and pharmacies. Stirling Ultracold freezers achieve energy efficiency and reduce greenhouse gas emissions.
Savsu Technologies is a Boise-based provider of cryogenic transport solutions for cell and gene therapies, including the CryoStork system that maintains -150°C temperatures during shipping. The company equips biotech firms like Novartis, couriers such as World Courier, and research institutions with passive shippers using liquid nitrogen technology. Savsu Technologies supports global logistics for CAR-T therapies and vaccines, with deployments in over 50 countries.
HQ CountryCanadaUnited StatesUnited StatesUnited States
HQ City
Edmonton
Indianapolis, IN
-
Albuquerque, NM
Deal Date7 Apr 20259 Aug 202122 Mar 20218 Jul 2019
Valuation$10M$30M$235M$63M
EV/Revenue
EV/EBITDA

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Investments by BioLife Solutions

BioLife Solutions has invested in 4 companies to date.

Latest investment by BioLife Solutions was on January 26th 2023. BioLife Solutions invested in iVexSol in their $24M Series A round.


Latest Investments by BioLife Solutions

iVexSol
PanThera CryoSolutions
iVexSol
Sexton Biotechnologies
Description
iVexSol is a U.S.-based biotechnology platform producing lentiviral vectors for cell and gene therapies. The company's scalable manufacturing system uses stable producer cell lines to generate high-titer vectors in reduced footprints, addressing supply shortages for CGT developers. Operating from dedicated facilities, iVexSol shortens clinical timelines for therapies targeting genetic disorders and cancers.
PanThera CryoSolutions is a developer of dry-state cryopreservation media for cells, tissues, and organs. Its products replace liquid nitrogen storage with ambient temperature shipping via vapor-phase containers, minimizing ice formation and toxicity while preserving post-thaw viability above 90 percent for stem cells and reproductive tissues. Based in Israel, the company targets fertility clinics and cell therapy manufacturers.
iVexSol is a U.S.-based biotechnology platform producing lentiviral vectors for cell and gene therapies. The company's scalable manufacturing system uses stable producer cell lines to generate high-titer vectors in reduced footprints, addressing supply shortages for CGT developers. Operating from dedicated facilities, iVexSol shortens clinical timelines for therapies targeting genetic disorders and cancers.
Sexton Biotechnologies is an Indianapolis-based biotechnology firm that produces container closure systems and media supplements for cell and gene therapy manufacturing. Incubated by Cook Regentec, the company raised growth capital to expand commercialization of its bioproduction tools. These products support scalable processing of therapeutic cells in cleanroom environments.
HQ CountryUnited StatesCanadaUnited StatesUnited States
HQ City
Lexington, KY
Edmonton
Lexington, KY
Indianapolis, IN
Deal Date26 Jan 20234 Dec 20201 Dec 202024 Sep 2019
RoundSeries ASeries ASeries ASeries A
Raised$24M$2M$13M$5M
InvestorsCharles River; Asahi Kasei Medical Europe; Casdin Capital; Bristol-Myers SquibbCasdin CapitalCasdin CapitalBioCrossroads; Cook Regentec; Casdin Capital
Valuationundisclosedundisclosedundisclosedundisclosed
EV/Revenue
EV/EBITDA

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BioLife Solutions Competitors

BioLife Solutions competitors include listed companies like Sotera Health, Avantor, Chengzhi and Wintech Nano (Suzhou) Co, and private ones like Capsule and Pathway Genomics.

Public and private companies comparable to BioLife Solutions
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Sotera HealthUnited StatesUnited StatesPublicly listed$1.2B$440M$5.1B5.7x
AvantorUnited StatesUnited StatesPublicly listed$6.6B$139M$11B2.2x
ChengzhiChinaChinaPublicly listed$1.7B$130M$1.5B1.3x
Wintech Nano (Suzhou) CoChinaChinaPublicly listed$79M$34M$1.5B-
CapsuleUnited StatesNew York City, NYPrivate--$1B-
Pathway GenomicsUnited StatesSan Diego, CAPrivate--$933M-

BioLife Solutions Public Comps

BioLife Solutions is no longer listed, but its public comps include Chengzhi, Wintech Nano (Suzhou) Co, Haier Biomedical, Azenta, Inner Mongolia Furui Medical Science, Diagnósticos da América, Kestra Medical Technologies, Gerresheimer, Dentsply Sirona and Sopharma.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Chengzhi$1.7B$130M1.2x1.3x15.6x-
Wintech Nano (Suzhou) Co$79M$34M20.1x-46.9x-
Haier Biomedical$349M$54M3.9x3.6x25.2x21.9x
Azenta$594M$35M2.2x2.1x36.7x22.6x
Inner Mongolia Furui Medical Science$239M$65M6.6x5.5x24.1x19.7x
Diagnósticos da América$2.2B$353M1.2x1.4x7.6x6.6x
Kestra Medical Technologies$95M($123M)16.4x13.3x(12.6x)(18.0x)
Gerresheimer$2.6B$55M1.4x1.3x65.0x7.7x

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Common questions about BioLife Solutions

When was BioLife Solutions founded?BioLife Solutions was founded in 1987.
Where is BioLife Solutions headquartered?BioLife Solutions is headquartered in Seattle, WA, United States.
Is BioLife Solutions publicly listed?No, BioLife Solutions was acquired by Repligen in July 2026.
Who acquired BioLife Solutions?BioLife Solutions was acquired by Repligen in July 2026.
How much was BioLife Solutions acquired for?BioLife Solutions was acquired for $1.5B in July 2026.
Which companies are comparable to BioLife Solutions?Companies comparable to BioLife Solutions include Sotera Health, Avantor, Chengzhi, Wintech Nano (Suzhou) Co, Capsule and Pathway Genomics.
What was BioLife Solutions' market cap before the acquisition?BioLife Solutions had a market cap of $1.9B in September 2026, its last month on record as a listed company, trading at 16.9x EV/Revenue.
What was BioLife Solutions' revenue as a public company?BioLife Solutions' last reported twelve-month revenue was $109M (September 2026), with EBITDA of $28M.
How many companies has BioLife Solutions acquired?BioLife Solutions has acquired 4 companies, including PanThera CryoSolutions, Sexton Biotechnologies, Stirling Ultracold and Savsu Technologies.
What was the largest acquisition by BioLife Solutions?The $235M acquisition of Stirling Ultracold in March 2021 is the largest acquisition BioLife Solutions has made to date.
How many companies has BioLife Solutions invested in?BioLife Solutions has invested in 4 companies, including iVexSol, PanThera CryoSolutions, Sexton Biotechnologies and Savsu Technologies.
What was BioLife Solutions' last investment?In January 2023, BioLife Solutions invested in iVexSol's $24M Series A alongside Charles River, Asahi Kasei Medical Europe, Casdin Capital and 1 other investor.

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