M&A Deal Summary

Partners Group Acquires Wedgewood Pharmacy

On December 9, 2020, asset manager Partners Group acquired healthcare services company Wedgewood Pharmacy from New Harbor Capital, Maranon Capital and Promus Equity Partners

Acquisition Highlights
  • This is Partners Group’s 6th transaction in the Healthcare Services sector.
  • This is Partners Group’s 24th transaction in the United States.
  • This is Partners Group’s 1st transaction in New Jersey.

M&A Deal Summary

Date 2020-12-09
Target Wedgewood Pharmacy
Sector Healthcare Services
Buyer(s) Partners Group
Sellers(s) New Harbor Capital
Maranon Capital
Promus Equity Partners
Deal Type Secondary Buyout
Advisor(s) Lincoln International (Financial)
Reed Smith (Legal)

Target

Wedgewood Pharmacy

Swedesboro, New Jersey, United States
Wedgewood Pharmacy is a pharmacy specializing in animal health, addiction medicine, and urology. Wedgewood has a broad and diverse portfolio of offerings, leading to low customer and stock concentration; holds strategic partnerships with veterinary corporate groups; and offers a defined value proposition to veterinary clinics and pet owners. Wedgewood Pharmacy was founded in 1980 and is based in Swedesboro, New Jersey.

Search 214,107 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

Partners Group

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1996
PE ASSETS 174.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Partners Group is a global investment management firm with a variety of funds and institutional clients. The Firm's direct investment group looks to invest in or acquire market leading companies with growth opportunities linked to technology. Partners is a hands-on investor and looks to actively support its portfolio companies with expansion, operational, and governance structure support. Partners Group was established in 1996 and is headquartered in Zug, Switzerland.


DEAL STATS #
Overall 70 of 97
Sector: Healthcare Services M&A 6 of 8
Type: Secondary Buyout M&A Deals 35 of 53
State: New Jersey M&A 1 of 2
Country: United States M&A 24 of 39
Year: 2020 M&A 7 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-17 Telepass

Roma, Italy

Telepass is a provider of electronic tolling services. Telepass was founded in 2008 and is based in Roma, Italy.

Buy $2.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-01 Gren

Helsinki, Finland

Gren delivers eco-friendly energy solutions designed to serve the everyday energy requirements of both customers and communities. Gren is based in Helsinki, Finland

Buy -

Seller(S) 3

SELLER

New Harbor Capital

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2013
PE ASSETS 500M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

New Harbor Capital is a lower middle-market private equity firm focused on investing in and acquiring profitable, growth-oriented companies. New Harbor seeks opportunities in the healthcare services, education, and business services sectors and looks to invest $10 to $40 million per transaction. The Firm prefers control investment situations and typically looks to fund growth capital financings, management buyouts, and recapitalizations. New Harbor Capital was established in 2013 and is headquartered in Chicago, Illinois.


DEAL STATS #
Overall 6 of 11
Sector: Healthcare Services M&A 3 of 6
Type: Secondary Buyout M&A Deals 3 of 4
State: New Jersey M&A 1 of 1
Country: United States M&A 6 of 11
Year: 2020 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-09 Fix-It 24/7

Golden, Colorado, United States

Fix-It 24/7 is a provider of non-discretionary home maintenance, repair, and replacement services, across HVAC, electrical, and plumbing. The Company exclusively serves the residential home segment, providing around-the-clock services through a technically-skilled and certified staff of technicians and installers. Fix-It 24/7 is based in Golden, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-10 Certica Solutions

Wakefield, Massachusetts, United States

Certica Solutions, Inc. provides an education technology platform, content and data solutions that enable K-12 educators and administrators to improve instructional and organizational performance. Certica partners with a diverse network of education technology companies, publishers and assessment providers; and delivers solutions directly to over 500 school districts, charter schools and educational service agencies. Certica Solutions was founded in 2000 and is based in Wakefield, Massachusetts.

Sell -
SELLER

Maranon Capital

Chicago, Illinois, United States

Category Mezzanine Finance Firm
Founded 2007
PE ASSETS 4.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Maranon Capital is an investment firm that provides senior financing, mezzanine debt and equity co-investments for private equity backed and non-sponsored middle-market companies. Maranon seeks investments in financially healthy businesses with stable cash flows, diverse customers, and strong management. Areas of interest include business services, healthcare services, distribution, manufacturing and consumer products/services. Funds typically support acquisitions, recapitalizations, refinancings, consolidations, ESOPs and growth capital needs. Maranon Capital was formed in 2007 and is based in Chicago, Illinois. In 2019, Maranon Capital was acquired by asset management firm Eldrige.


DEAL STATS #
Overall 19 of 22
Sector: Healthcare Services M&A 1 of 1
Type: Secondary Buyout M&A Deals 13 of 15
State: New Jersey M&A 1 of 1
Country: United States M&A 19 of 22
Year: 2020 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-02 GeoLinks

Camarillo, California, United States

GeoLinks is a telecommunications company and competitive local exchange carrier (CLEC) public utility, providing innovative Internet and Hosted Voice solutions. GeoLinks was established in 2011 and is based in Camarillo, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-01 Vivo Infusion

Lakewood, Colorado, United States

Vivo Infusion is a provider of accessible, affordable, and safe community-based infusion and injection care for patients suffering from compromised immune systems, infectious disease, and other medical conditions. The company provides convenient, compassionate, expert care administered in safe and inviting state-of-the-art facilities using efficient and cost-effective patient-focused best practices. It currently serves communities in Colorado, Florida, Ohio, Oklahoma, and Texas with plans to expand into additional states. Vivo Infusion was formed in 2022 and is based in Lakewood, Colorado.

Buy -
SELLER

Promus Equity Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2011
PE ASSETS 700M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Promus Equity Partners is a private investment firm affiliated with Promus Holdings, a multi-family office. Promus looks to fund buyouts, management buyouts, and recapitalizations as well as growth equity financings and strategic add-ons for existing portfolio companies. Sectors of interest include consumer products, food, beverages, industrial products, specialty materials, distribution, and business services. Target platform companies generally have up to $15 million of EBITDA. Promus Equity Partners was founded in 2011 and is based in Chicago, Illinois.


DEAL STATS #
Overall 4 of 10
Sector: Healthcare Services M&A 1 of 1
Type: Secondary Buyout M&A Deals 3 of 8
State: New Jersey M&A 1 of 2
Country: United States M&A 4 of 10
Year: 2020 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-01 Anything Possible

Springfield, Missouri, United States

Anything Possible Brands is a supplier of innovative fishing tackle. Anything Possible products are span from rods, reels, and combos to fishing lures, apparel, and accessories. Our brands and licenses target a wide group of anglers from children to teens, young adults to elderly and recreational anglers to avid anglers. Anything Possible was founded year 2012 and is based in Springfield, Missouri.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-01 Better Butter

Salt Lake, Utah, United States

Better Butter produces butter, whole-food ingredients, rich, creamy, and flavorful. Better Butter Salt Lake, Utah.

Buy -