Avantik partners with investor, names new CEO

Dawn Furnas//February 15, 2023//

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Avantik, a health care equipment supplier based in Pine Brook, is partnering with investor Water Street Healthcare Partners to expand its services, the company announced Feb. 15.

In addition, the firms announced a new CEO, Mark Zacur, to help steer this growth.

Avantik said Water Street committed “significant capital” into the company, but did not disclose the amount.

Founded in 1971, Avantik said its growth plans include investing in “organic initiatives and acquisitions to expand its portfolio of consumables and equipment and enhance its maintenance and repair services.”

“Avantik is a trusted partner that lab managers count on to maintain their operations. The company’s rapid response time and extensive product portfolio have been instrumental in achieving high customer satisfaction,” Robert Womsley, Water Street partner, said in a statement. “We look forward to advancing our shared goal of building Avantik into a provider addressing the full scope of laboratories’ operational needs on a national scale.”

Zacur comes to Avantik from Owens & Minor, where he most recently was executive vice president and chief commercial officer, according to his LinkedIn profile. He also held leadership positions at companies such as Thermo Fisher Scientific, Bayer and others.

“I am honored to be joining Avantik and helping to build on its important work in supporting physicians and healthcare providers with diagnosing and treating their patients,” Zacur said.

Avantik works with anatomic pathology and histology laboratories, supplying them with a broad portfolio of maintenance and repair services and consumables, parts and equipment. The company also has a national network of engineers and service hubs to repair equipment.

In addition to its Pine Brook headquarters, Avantik has offices in California, Maryland, Massachusetts and Texas, according to its website.