GXP-Storage Secures Strategic Growth Investment from Whistler Capital Partners to Advance Biorepository and Regulated Material Management Services
RALEIGH, N.C. & NASHVILLE, Tenn. – GXP-Storage (“GXP” or the “Company”), a leading provider of regulated material management services, today announced a strategic growth investment from Whistler Capital Partners (“Whistler Capital”), a leading healthcare-focused private equity firm. The investment will accelerate GXP’s expansion plans and technology initiatives. GXP will continue to be led by Founder and CEO, Jeff Johnson, who will remain a significant shareholder of the business. Financial terms of the investment were not disclosed.
“Our partnership with Whistler Capital marks GXP’s first institutional capital partner investment to rapidly scale our operations to meet client demand and represents an exciting milestone for our team as we expand our reach and advance our capabilities”
GXP is a premier provider of regulated material management solutions tailored for regulated life sciences research, manufacturing, and healthcare. The Company specializes in the outsourced management of regulated materials, including research assets, non-clinical specimens, clinical samples, and manufacturing and biomedical material. GXP ensures a compliant chain of custody across a full range of scalable storage environments in restricted-access facilities, from controlled ambient to ultra-low and cryogenic preservation. Central to GXP’s services is GXP-Guardian℠, a proprietary, validated 21 CFR Part 11 compliant system for real-time inventory management that supports research libraries and manufacturing material staging, buffering, and distribution. The Company’s focus on regulatory compliance and its cutting-edge, differentiated technology position it as a trusted partner.
“Our partnership with Whistler Capital marks GXP’s first institutional capital partner investment to rapidly scale our operations to meet client demand and represents an exciting milestone for our team as we expand our reach and advance our capabilities,” said Jeff Johnson, Founder and CEO of GXP. “In partnering with Whistler Capital, we can accelerate the development of our proprietary technology, expand our service delivery footprint, and continue delivering the reliability and compliance that our clients depend on. With Whistler Capital’s support, GXP will continue setting the stage for innovation to define new standards of operational excellence.”
The need for secure, scalable storage solutions continues to grow as the life sciences and healthcare sectors prioritize supply chain resilience, regulatory compliance, and the high-quality management of regulated material. The partnership will enable GXP to rapidly add additional capacity on its 30-acre campus in Middlesex, NC, and will support the accelerated development of GXP’s proprietary regulated material management platform technology, GXP-Guardian℠ , to capture digital automation opportunities.
“At Whistler Capital, we have significant expertise in expanding investments in technology-enabled and data-driven opportunities in highly regulated sectors. We are thrilled to collaborate with Jeff and his talented team as they drive growth and innovation in the biorepository services market,” said Geoff Clark, Managing Partner at Whistler Capital. “As the life sciences industry evolves, driven by advancements in personalized medicine, biomanufacturing, and increasing capacity demands, we’re looking forward to providing capital to allow GXP to further execute on its unique positioning to meet the market’s growing demand for secure and compliant storage solutions.”
“The ongoing trend toward onshoring critical operations in life sciences underscores the need for scalable, reliable, regulated material management capabilities. Whistler Capital’s investment in GXP reflects our confidence in the underlying business and Jeff and the team’s ability to continue their innovative leadership in this space. We are excited to support their future vision for expansion and innovation,” said Chris Hardy, Partner at Whistler Capital.
McDermott Will & Emery LLP served as legal advisor to Whistler Capital. Wyrick Robbins Yates & Ponton LLP served as legal advisor to GXP.
About GXP-Storage
GXP-Storage provides regulated storage and managed services that enable clients to focus on core operations while ensuring compliance and operational excellence. GXP’s validated GXP-Guardian℠ regulated material management system offers enhanced visibility and control, allowing clients to consolidate, manage, and distribute their regulated materials effectively. With decades of experience, GXP’s leadership team has built a proven reputation for delivering reliable, high-quality services to life sciences and healthcare organizations. GXP’s state-of-the-art campus, located in the Research Triangle Park (RTP) and BioPharma Crescent region of North Carolina, can support millions of cubic feet of environmentally controlled, restricted-access storage capacity, enabling efficient consolidation, rapid retrieval, and distribution with local access to diverse logistics. To learn more about GXP’s services, visit https://www.gxp-storage.com.
About Whistler Capital
Whistler Capital Partners is a Nashville-based private equity firm focused on growth buyouts and investments in the healthcare industry and related tech-enabled services verticals. With over $1 billion in assets under management, the firm partners with world-class leadership teams, supporting them with strategic resources and capital. The firm focuses particularly on deploying or expanding investments in technology-enabled and data-driven opportunities. To learn more about Whistler Capital, visit https://www.whistlercapital.com/.
