Crawford Scientific

Sector Scientific Technology
Deal Type Realisation
Initial Investment August 2014
Location Strathaven
Maven Office Edinburgh
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Since investing in Crawford Scientific, a leading supplier of chromatography products and analytical services to the laboratory research and testing sectors, in August 2014, Maven worked collaboratively with the business to execute a number of strategic initiatives, including the acquisition of Hall Analytical Laboratories which Maven’s clients also funded. Following the acquisition, Crawford critically increased its global reach, entering new markets in the US, China and Europe, leveraging Hall’s reputation for pharmaceutical, agrochemical, and environmental analysis and more recently e-cigarette testing.

During the time of Maven’s investment Crawford’s turnover and headcount both doubled and profitability almost trebled, as a result of both the successful acquisition of Hall Analytical and the robust organic growth achieved across its distribution and knowledge transfer divisions.

Maven exited its investment in Crawford Scientific in October 2017 realising a return for Maven clients of 4.7x the initial investment in just over three years, with an IRR of 70%. 

It was obvious during our very first meeting that Crawford had something special in terms of its technical know-how, customer service and strong culture and it has been a real pleasure working with this talented and dynamic management team over the past three years. This investment has of course also been a huge success for Maven, delivering a 4.7x money multiple return and 70% IRR for our clients.
David Milroy, Investment Director at Maven
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