Established Market Presence With a history dating back to 1948 and serving the biotechnology research industry on the West Coast, Laboratory Equipment Company (LEC) has a well-established reputation and a loyal customer base, presenting opportunities for expansion into new geographic markets or niche segments.

Diverse Product Portfolio LEC's wide range of brands including PHCbi, Spire, Lancer, and others indicates a comprehensive product offering, making it a one-stop shop for lab equipment needs and enabling cross-selling of complementary products and services.

Recent Strategic Acquisition The acquisition by MYCO Instrumentation in March 2024 presents a chance to leverage combined resources for targeted sales efforts, expanding into new customer networks and increasing market share through integrated solutions.

Growth and Revenue Potential With an annual revenue estimate between 10 million and 25 million dollars, LEC is positioned as a mid-sized player in the laboratory equipment sector, offering substantial growth opportunities through upselling, new product lines, and expanded service offerings.

Industry Engagement & Innovation Participation in recent industry events like DOST Region 1 awards signals active engagement with research initiatives and government-supported projects, providing avenues to connect with research institutions and government agencies for new sales contracts.