Renovus-backed TJP buys FX2 Virtual in life sciences services deal

TJP, a portfolio company of Renovus Capital Partners, has acquired FX2 Virtual, PE Hub reported. FX2 Virtual is based in Mount Pleasant, South Carolina, and operates as a commercial operations agency focused on the life sciences sector.

The transaction adds FX2 Virtual to TJP’s corporate structure while preserving its market identity. According to PE Hub, FX2 Virtual will continue to operate as a standalone brand under the TJP corporate umbrella after the combination.

FX2 Virtual is led by Ed Kessig, Jeff Cino and Sal Paolozza, PE Hub reported. TJP was founded in 1972.

The deal reflects continued private equity interest in outsourced services tied to healthcare and life sciences, where specialist agencies can support commercial functions for companies operating in regulated markets. In this structure, a portfolio company backed by a financial sponsor expands through acquisition, while the acquired business retains its own brand rather than being immediately folded into a single operating name.

Renovus Capital Partners backs TJP as a portfolio company. PE Hub did not provide transaction value, financing terms or other deal conditions in the reported details.

This story draws on original reporting from PE Hub.