M&A Deal Summary

Cardinal Equity Partners Acquires Guardian Pharmacy

On July 1, 2003, private equity firm Cardinal Equity Partners acquired healthcare services company Guardian Pharmacy

Acquisition Highlights
  • This is Cardinal Equity Partners’ 1st transaction in the Healthcare Services sector.
  • This is Cardinal Equity Partners’ 10th transaction in the United States.
  • This is Cardinal Equity Partners’ 1st transaction in Georgia.

M&A Deal Summary

Date 2003-07-01
Target Guardian Pharmacy
Sector Healthcare Services
Buyer(s) Cardinal Equity Partners
Deal Type Recapitalization

Target

Guardian Pharmacy

Atlanta, Georgia, United States
website
Guardian Pharmacy is a closed-door, institutional pharmacy focused on meeting the needs of individuals that reside in assisted living and skilled nursing facilities. Guardian Pharmacy was founded in 2003 and is headquartered in Atlanta, Georgia.

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Buyer(S) 1

Buyer

Cardinal Equity Partners

Indianapolis, Indiana, United States

Investor Investor Investor

website


Category Private Equity Firm
Founded 1993
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Cardinal Equity Partners is a privately owned partnership that targets investments in lower middle-market businesses headquartered in the central portion of the US. Cardinal looks for light manufacturing, distribution, or service businesses with $5 to $50 million in revenue and at least $1 million of EBITDA. Prospective transaction situations include management buyouts, recapitalizations, family successions, and corporate spin-offs. Cardinal prefers businesses with proven management, recurring revenue, and no major customer concentration issues. Cardinal will not invest in software, heavy manufacturing, automotive, consulting, or companies with a significant percentage of non-US sales. Cardinal Equity Partners was formed in 1993 and is based in Indianapolis, Indiana.


DEAL STATS #
Overall 10 of 24
Sector (Healthcare Services) 1 of 2
Type (Recapitalization) 1 of 6
State (Georgia) 1 of 1
Country (United States) 10 of 24
Year (2003) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-08-01 Angi

Denver, Colorado, United States

Angi is an online subscription-based service that compiles and maintains customer satisfaction reports on local service providers from its subscribers. ANGI Homeservices was founded in 2017 and is based in Denver, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-01 Better Way Partners

New Paris, Indiana, United States

Better Way Products is a manufacturer of fiberglass and composite resin products to the RV and marine industry. Vacuum bagging and RTM light are also utilized.

Sell -