M&A Deal Summary

Neighbourly Pharmacy Acquires Rubicon Pharmacies

On March 10, 2022, Neighbourly Pharmacy acquired retailer Rubicon Pharmacies from TorQuest for 435M USD

Acquisition Highlights
  • This is Neighbourly Pharmacy’s 1st transaction in the Retail sector.
  • This is Neighbourly Pharmacy’s largest (disclosed) transaction.
  • This is Neighbourly Pharmacy’s 1st transaction in Canada.
  • This is Neighbourly Pharmacy’s 1st transaction in Saskatchewan.

M&A Deal Summary
Date 2022-03-10
Target Rubicon Pharmacies
Sector Retail
Buyer(s) Neighbourly Pharmacy
Sellers(s) TorQuest
Deal Type Add-on Acquisition
Deal Value 435M USD

Target

Rubicon Pharmacies

Regina, Saskatchewan, Canada
Rubicon owns and operates a network of retail pharmacies located in rural towns and neighborhood communities across Western Canada. Rubicon’s pharmacies serve as a critical component of the health care delivery system in these geographies. Rubicon was established as a succession vehicle for owners of independent pharmacies and operates across a broad range of retail pharmacy banners. Rubicon Pharmacies is based in Regina, Saskatchewan.

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Buyer(S) 1

Buyer

Neighbourly Pharmacy

Toronto, Ontario, Canada
Category Company
Sector Life Science
DESCRIPTION

Neighbourly Pharmacy is a network of community pharmacies provides an accessible healthcare with a personal touch. Neighbourly Pharmacy is based in Toronto, Ontario.

DEAL STATS #
Overall 1 of 1
Sector (Retail) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Saskatchewan) 1 of 1
Country (Canada) 1 of 1
Year (2022) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

TorQuest

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2002
PE ASSETS 3.0B CAD
Size Large
Type Sector Agnostic
DESCRIPTION

TorQuest Partners is a Canadian mid-market private equity firm. TorQuest invests in established companies that deal in manufacturing, business services, financial services, industrial products, food, consumer products, and chemicals. Prospective transaction situations include family successions, recapitalizations, corporate carve-outs, and buyouts. Torquest targets businesses valued from C$40 to C$250 million where the firm can commit C$20 to C$100 million. TorQuest Partners was formed in 2002 and is based in Toronto.

DEAL STATS #
Overall 20 of 26
Sector (Retail) 1 of 1
Type (Add-on Acquisition) 9 of 12
State (Saskatchewan) 1 of 1
Country (Canada) 15 of 20
Year (2022) 1 of 5
Size (of disclosed) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-01 Trailcon

Brampton, Ontario, Canada

Trailcon is a lessor of transportation trailers in Canada, offering lease, rental, and maintenance services. Trailcon serves a high-quality customer base who deliver goods across Canada. Trailcon was formed in 1992 and is based in Brampton, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-13 VersaCold Logistics Services

Vaughan, Ontario, Canada

VersaCold Logistics Services is a supply chain solutions company focused exclusively on the handling of temperature-sensitive food products. The company delivers a suite of fully integrated logistics services through its national network of industry-leading facilities, transportation fleet, and advanced technologies that set the benchmark for accessibility, information visualization, real-time tracking and inventory management. VersaCold was formed in 1946 and is based in Vaughan, Ontario.

Sell -
Mergr

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