Thermo Fisher Scientific Inc. agreed to sell one of its lab units, Cole-Parmer, to private-equity firm GTCR for $480 million in cash.

The management team of Cole-Parmer reached out to GTCR this summer to solicit interest in a potential transaction, only two years after the Chicago PE firm exited its investment in the company.

Cole-Parmer responds with excellence to customer needs, and offers application expertise and technical support. For more information, contact Cole-Parmer, 625 East Bunker Court, Vernon Hills, IL ...