M&A Deal Summary

Wedgewood Pharmacy Acquires Diamondback Drugs

On July 24, 2018, Wedgewood Pharmacy acquired consumer services company Diamondback Drugs from Tailwind

Acquisition Highlights
  • This is Wedgewood Pharmacy’s 1st transaction in the Consumer Services sector.
  • This is Wedgewood Pharmacy’s 1st transaction in the United States.
  • This is Wedgewood Pharmacy’s 1st transaction in Arizona.

M&A Deal Summary

Date 2018-07-24
Target Diamondback Drugs
Sector Consumer Services
Buyer(s) Wedgewood Pharmacy
Sellers(s) Tailwind
Deal Type Add-on Acquisition

Target

Diamondback Drugs

Scottsdale, Arizona, United States
Diamondback Drugs LLC is a veterinary compounding pharmacy that distributes pharmaceutical products to individual pet owners, veterinary offices and clinics. The company's compounding facility allows Diamondback to provide a broad veterinary compounded pharmaceutical offering, ranging from anti-infectives and ophthalmic preparations to cancer treatment solutions. Diamondback has grown from a small veterinary compounder into a growing platform serving pets in 50 states, as well as Canada and Mexico.

Search 201,292 Deals Now

SEARCH BY

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

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Wedgewood Pharmacy

Swedesboro, New Jersey, United States

Category Company
Founded 1980
Sector Healthcare Services
DESCRIPTION

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.


DEAL STATS #
Overall 1 of 3
Sector (Consumer Services) 1 of 2
Type (Add-on Acquisition) 1 of 3
State (Arizona) 1 of 1
Country (United States) 1 of 3
Year (2018) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-10 Wildlife Pharmaceuticals

Windsor, Colorado, United States

Wildlife Pharmaceuticals focused on serving veterinarians and patients in the wildlife and zoo markets. Its wholly-owned pharmacy subsidiary, ZooPharm is a veterinary compounding pharmacy that provides veterinary-anesthesia and pain-management medications to care for non-domestic species, resident wildlife, captive exotic breeds, and companion animals. Wildlife Pharmaceuticals is based in Windsor, Colorado.

Buy -

Seller(S) 1

SELLER

Tailwind

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2003
PE ASSETS 3.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Tailwind is an independent private equity firm focused on making control investments in companies operating in the healthcare, media/communications, and business services sectors. Tailwind looks to invest $25 to $200 million in profitable businesses valued above $500 million. The Firm seeks companies with proven business models and strong opportunities for growth, either organically or through acquisition. Tailwind Capital was formed in 2003 and is based in New York, New York.


DEAL STATS #
Overall 14 of 33
Sector (Consumer Services) 1 of 1
Type (Add-on Acquisition) 6 of 11
State (Arizona) 1 of 1
Country (United States) 14 of 33
Year (2018) 4 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-02 Hamilton State Bancshares

Hoschton, Georgia, United States

HSB is a Georgia-based bank holding company that specializes in providing commercial banking services to small- to medium-sized businesses in North Georgia through its bank subsidiary, Hamilton State Bank. Hamilton was formed in 2004 and is based in Hoschton, Georgia, which is approximately 50 miles north of Atlanta.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-17 Core BT

Indianapolis, Indiana, United States

Core BTS is a solution provider focused on Cisco-centric software, technology and related IT infrastructure, and technology services to corporate and government clients. Core BTS solves complex business needs across networking, collaboration, security, and data center infrastructure. Core BTS’s capabilities include technical support and managed services of existing infrastructure, security and networking advisory and assessments, and remote monitoring support for both Cisco and non-Cisco hardware and software. Core BTS was founded in 2004 and is based in Indianapolis, Indiana.

Buy -