Millpond Portfolio Company Science Interactive Group Announces Strategic Acquisition of eScience Labs
Denver, Colorado – Science Interactive Group (“SIG”), a provider of science, technology, engineering, and math (“STEM”) products to the higher education and K-12 markets, and a portfolio company of Millpond Equity Partners (“Millpond”) and Wasena Capital Management, has announced the strategic acquisition of eScience Labs (“eScience”), a provider of hands-on science lab experiments, virtual learning tools, and customized digital curriculum. Founded in 2007 and headquartered in Denver, Colorado, eScience provides higher education institutions with a traditional hands-on science laboratory experience to students engaged in online and blended learning. eScience serves more than 350 colleges and universities and offers 18 science kit-supported course subjects and 400 lab experiments that can be customized to meet academic needs.
“eScience is a premier provider of science lab kits and curriculum, is a leader in its market, and is complementary to Science Interactive Group’s Hands-on Labs science kit business. The combination of eScience will enable greater scale and the ability to deliver a complete set of highly effective solutions to the students and professors that we serve,” commented Science Interactive Group Chief Executive Officer, Tim Loomer. Millpond Partner, Larry Shagrin, commented, “We view the eScience acquisition as a key step in building a broader STEM education platform and continue to seek additional highly strategic acquisitions to complement our world-class portfolio of STEM education brands.”
