Simpson Thacher is representing Advanced Instruments, a Patricia Industries portfolio company, in connection with its definitive agreement to acquire Artel for up to $140 million. The acquisition is expected to close during the second quarter of 2022 and is subject to regulatory approval and the satisfaction of other customary closing conditions.~~Artel is a leading provider of analytical instruments, consumables, software and services used by life science laboratories within the biopharmaceutical, clinical and diagnostics industries to calibrate, validate and automate their liquid handling processes. Artel’s technologies are recognized globally for enabling its customer base to work more accurately and efficiently, and bring valuable therapies to patients more quickly. Artel is headquartered in Westbrook, Maine.~~Advanced Instruments is a global provider of analytical products and services for the clinical, biopharmaceutical and food & beverage markets. With a strong brand reputation and deep customer relationships, it is recognized as the global authority on osmolality testing, and its products are the standard within each of its core markets. Advanced Instruments is based in Norwood, Massachusetts and is majority owned by Patricia Industries.~~The Simpson Thacher team includes Michael T. Holick, Heesu Kim and Humberto Romero Carrillo (M&A); Jeannine McSweeney, Scott Schilson and Hannah Daniels (Executive Compensation and Employee Benefits); Timothy Gallagher (Real Estate); Sophie Staples and Lina Pan (Tax); Alden Millard, Robert Meyer and Kyle Nelson (Credit); Vanessa Burrows and Tera Rule (Healthcare); Tim Mulvihill (Environmental); Lori Lesser, Samuel Watters and Mark Natividad (Intellectual Property); and Steven DeLott (Insurance).