Red Barn Equity Partners has announced it has made a majority investment in ReproTech, a company specializing in long-term cryostorage and fertility preservation. Terms of the transaction were not disclosed.
ReproTech offers a broad array of fertility preservation services coupled with industry-leading security, monitoring and protocols as well as facilities that are built to withstand the danger of natural disasters, including hurricanes, tornadoes, and wildfires. The company maintains four regional facilities throughout the United States and intends to strategically scale its footprint as a result of Red Barn’s growth investment.
“ReproTech has long been an industry leader in long-term cryostorage and fertility preservation, and we believe the Company has a significant opportunity to further expand its business,” said Luis A. Fernandez, Co-Founder and Partner, Red Barn Equity Partners. “We are looking forward to serving as a strategic capital partner to ReproTech and to partnering with Brent and his team to help the Company build upon its proven track record of safety and reliability.”
In conjunction with Red Barn’s investment, ReproTech’s executive management team will continue to lead the business on a day-to-day basis. The Company’s operating model of making reproductive cryostorage services available to patients with low fees, financial assistance for those who need it, and safety in shipping and security of storage will also remain unchanged.
“Red Barn’s proven experience as a business and capital partner combined with the Company’s existing leadership and expertise, is a logical next step in putting ReproTech on the right path for continued success,” said Brent Hazelrigg, President and CEO of ReproTech. “We are looking forward to a strong partnership in the years to come.”
