On October 29, 2024, SV Labs Corporation, a portfolio company of San Francisco Equity Partners (SFEP), acquired Toronto-based Sigan Industries Group, Inc., a contract development and manufacturing organization (CDMO) specializing in beauty and personal care products. While financial terms were not disclosed, Sigan Industries' shareholders retained a meaningful ownership stake in the combined entity. The merged company will be led by SV Labs CEO Graham Orriss.

Sigan Industries, with a 26-year history, provides services across haircare, skincare, body care, and OTC products. The acquisition strengthens SV Labs' capabilities by expanding its production footprint to four facilities covering over 500,000 square feet across California, Wisconsin, and Canada. The combined entity aims to enhance innovation, manufacturing capacity, and customer service for global CPG companies, emerging brands, and major retailers.

Stikeman Elliott LLP and Morrison Foerster LLP acted as legal counsel to SV Labs, with William Blair as its exclusive financial advisor. McMillan LLP served as legal counsel to Sigan Industries, while Dyens & Co. acted as its exclusive financial advisor.