Boomerang Laboratories, a subsidiary of a portfolio company of Centre Partners Management, has been acquired by Elevation Labs, a portfolio company of Knox Lane.
WHO: Headquartered in Spring Park, Minnesota, Boomerang Laboratories is a contract development and manufacturing organization (CDMO) for beauty and personal care brands founded in 1999. They provide “lab to label” services within liquid fill categories to assist customers from product ideation to final production.
Founded in 1986, Centre Partners has invested over $2.7 billion of equity capital in more than 90 transactions across the consumer, business services, and healthcare sectors. Centre Partners is headquartered in New York, New York, with an additional office in Los Angeles, California.
Elevation Labs is a formulator and manufacturer of premium skincare, haircare, and color products offering custom development and comprehensive contract manufacturing solutions in both traditional and high-performance clean beauty. Elevation Labs has facilities in both Denver, Colorado and Idaho Falls, Idaho.
Knox Lane is a growth-oriented investment firm with a track record of partnering with leading companies to accelerate transformational growth. Knox Lane employs an investor-operator mindset and seeks to provide support across a number of business components, including human capital, brand management, end-to-end digital transformation, sourcing, supply chain and logistics, strategic acquisitions and business development. Knox Lane is headquartered in San Francisco, California.
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