M&A Deal Summary

Owens & Minor Acquires Access Diabetic Supply

On April 29, 2005, Owens & Minor acquired distribution company Access Diabetic Supply from Palm Beach Capital

Acquisition Highlights
  • This is Owens & Minor’s 1st transaction in the Distribution sector.
  • This is Owens & Minor’s 1st transaction in the United States.
  • This is Owens & Minor’s 1st transaction in Florida.

M&A Deal Summary

Date 2005-04-29
Target Access Diabetic Supply
Sector Distribution
Buyer(s) Owens & Minor
Sellers(s) Palm Beach Capital
Deal Type Add-on Acquisition
Advisor(s) Brookwood Associates (Financial)

Target

Access Diabetic Supply

Deerfield Beach, Florida, United States
Access Diabetic Supply is a national mail-order supplier of diabetic testing supplies and respiratory medications to customers covered by Medicare and/or private insurance. Access is the only diabetic supply company in the country to receive accreditation from the Joint Commission on Accreditation of Healthcare Organizations (JCAHO).

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Buyer(S) 1

Buyer

Owens & Minor

Mechanicsville, Virginia, United States

Category Company
Founded 1882
Sector Distribution
Employees20,000
Revenue 10.3B USD (2023)
DESCRIPTION
Entrance to Owens & Minor's corporate headquarters in Mechanicsville, Virginia.
Entrance to Owens & Minor's corporate headquarters in Mechanicsville, Virginia.

Owens & Minor is a healthcare logistics company that connects the world of medical products to the point of care. Owens & Minor provides supply chain assistance to the providers of healthcare services and the manufacturers of healthcare products, supplies and devices. Owens & Minor was founded in 1882 and is based in Richmond, Virginia.


DEAL STATS #
Overall 1 of 9
Sector (Distribution) 1 of 3
Type (Add-on Acquisition) 1 of 6
State (Florida) 1 of 2
Country (United States) 1 of 7
Year (2005) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-06-30 Key Diabetes Supply

Livonia, Michigan, United States

Key Diabetes is a specialty diabetic supply company with approximately 8,000 active diabetic.

Buy -

Seller(S) 1

SELLER

Palm Beach Capital

West Palm Beach, Florida, United States

Investor


Category Private Equity Firm
Founded 2001
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Palm Beach Capital (PBC) is a generalist private equity firm that specializes in making investments in smaller private companies with at least $5 million in EBITDA. PBC prefers low technology business with high revenue growth rates. Target companies are typically valued between $20 to $300 million. PBC looks to commit $5 to $50 million per investment. Palm Beach Capital was formed in 2001 and is headquartered in Palm Beach, Florida.


DEAL STATS #
Overall 2 of 20
Sector (Distribution) 1 of 2
Type (Add-on Acquisition) 1 of 7
State (Florida) 2 of 13
Country (United States) 2 of 20
Year (2005) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-04-01 CAPRI Engineering

Sunrise, Florida, United States

CAPRI Engineering is a Florida based engineering firm that provides design services, private inspection services and condo defect mitigation services to builders.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-05-01 Global Care Solutions

Palm Beach Gardens, Florida, United States

Global Care Solutions, LLC is a twenty-one year old home furniture protection and services company that has grown to become one of the largest home furniture protection and service companies in the world servicing more than 40 of the top 100 furniture retailers.

Buy -