M&A Deal Summary

Pelmeds Acquires Apothecare

On August 29, 2024, Pelmeds acquired life science company Apothecare from Clearview Capital and Starboard Capital Partners

Acquisition Highlights
  • This is Pelmeds’ 1st transaction in the Life Science sector.
  • This is Pelmeds’ 1st transaction in the United States.
  • This is Pelmeds’ 1st transaction in Massachusetts.

M&A Deal Summary

Date 2024-08-29
Target Apothecare
Sector Life Science
Buyer(s) Pelmeds
Sellers(s) Clearview Capital
Starboard Capital Partners
Deal Type Add-on Acquisition

Target

Apothecare

Brockton, Massachusetts, United States
Apothecare is a rapidly growing institutional pharmacy targeting the behavioral health sector in group homes and community-based settings in Massachusetts. Apothecare is based in Brockton, Massachusetts.

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Buyer(S) 1

Buyer

Pelmeds

Waltham, Massachusetts, United States

Category Company
Sector Retail
DESCRIPTION

Pelmeds is a full-service pharmacy that specializes in medication management services, compounding (human & vet), specialty products, specialized packaging, and delivery service. Its customers range from residential schools, group homes, palliative care/hospice, assisted living residents, individual patients, and pet owners/veterinarians. Pelmeds is based in Waltham, Massachusetts.


DEAL STATS #
Overall 1 of 1
Sector: Life Science M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Massachusetts M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2024 M&A 1 of 1

Seller(S) 2

SELLER

Clearview Capital

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 645M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Clearview Capital LLC is a private equity firm that targets investments in North American companies with operating profits between $4 and $20 million. Sectors of interest include general manufacturing, plastics, food processing, furniture, education, healthcare, outsourcing, distribution, oil field services, consumer products, and industrial. The Firm prefers majority investment situations in transaction types that include corporate divestitures, management buyouts, and ownership transfers of closely-held companies. Clearview Capital was formed in 1999 and has offices in Connecticut, California.


DEAL STATS #
Overall 25 of 26
Sector: Life Science M&A 1 of 1
Type: Add-on Acquisition M&A Deals 6 of 6
State: Massachusetts M&A 1 of 1
Country: United States M&A 25 of 26
Year: 2024 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-19 Pediatric Health Choice

Tampa, Florida, United States

Pediatric Health Choice is a provider of alternative-site healthcare services for medically-complex, technology-dependent, and behaviorally-challenged children. Pediatric Health Choice is based in Tampa, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-20 Nielsen-Kellerman

Boothwyn, Pennsylvania, United States

Nielsen-Kellerman designs manufactures and distributes rugged, waterproof environmental and sports performance instruments for active lifestyles and technical applications, including Kestrel Weather & Environmental Meters, Kestrel Ballistics Meters for long-range shooting accuracy, NK Electronics for Rowing and Paddling, and Blue Ocean Rugged Megaphones PA Systems. Nielsen-Kellerman was founded in 1978 and is based in Boothwyn, Pennsylvania.

Sell -
SELLER

Starboard Capital Partners

Southport, Connecticut, United States

Investor Investor Investor


Category Private Equity Firm
Founded 2004
PE ASSETS 700M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Starboard Capital Partners LLC is an unsponsored investment group that works with private equity investors and management in acquiring mid-sized businesses valued between $25 and $100 million. In addition to investing, Starboard earns equity for initiating transactions and for ongoing advisory services. Sectors of interest include automotive, consumer products, building materials, construction, distribution, e-commerce, franchising, manufacturing, healthcare, and real estate. Starboard Capital was formed in 2004 and is based in Southport, Connecticut.


DEAL STATS #
Overall 11 of 12
Sector: Life Science M&A 1 of 1
Type: Add-on Acquisition M&A Deals 8 of 9
State: Massachusetts M&A 1 of 1
Country: United States M&A 11 of 12
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-26 Theraplay

West Chester, Pennsylvania, United States

Theraplay is a provider of physical, occupational, speech, and feeding therapy services, treating children from birth through age 21. Theraplay was established in 1991 and is based in West Chester, Pennsylvania.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-02-18 PureRED

Stone Mountain, Georgia, United States

PureRED Integrated Marketing is an advertising agency that designs and executes integrated retail marketing programs including pre-media advertising execution, digital creative/design, digital asset management services, photographic services, and interactive services for national retailers. PureRED was founded in 1967 and is based in Stone Mountain, Georgia.

Sell -