HKW-backed GMD grows patient support footprint with Adjuvantz deal

GMD Distribution Inc, the logistics arm of GMD PharmaSolutions, has acquired Adjuvantz Inc, a provider of patient support programs for therapeutic disciplines with headquarters in Toronto. The financial terms of the deal were not released. Based in Oakville, Ontario, GMD specializes in the management and distribution of pharmaceuticals, biological and medical devices in Canada. Earlier in 2015, U.S. private equity firm Hammond Kennedy Whitney & Co (HKW) recapitalized the company’s two divisions, including GMD Distribution, and said it would support GMD’s expansion plans.

PRESS RELEASE

Hammond, Kennedy, Whitney & Company, Inc. Announces Add-on Acquisition By GMD Distribution Inc.

Indianapolis, IN – GMD Distribution Inc. (“GMD”), a portfolio company of Hammond, Kennedy, Whitney & Company, Inc. (“HKW”), announced today further expansion in the patient support area with the acquisition of Adjuvantz Inc. Based in Toronto, Ontario, Adjuvantz specializes in providing patient support programs for a variety of therapeutic disciplines.

John Leombruno, CEO of GMD stated, “We are quite excited about the business combination of Adjuvantz and GMD. Adjuvantz, with its long industry tenure and impressive customer base, will be a tremendous addition to GMD.”

“Adjuvantz is truly complementary to GMD’s business and will further expand GMD’s footprint in patient support programs,” said Glenn Scolnik, HKW Chairman. John Carsello, HKW Partner added, “the talented, experienced team at Adjuvantz is an excellent fit with the GMD executive team. We are excited about the acquisition and believe the combination will fuel synergistic growth.”

For additional information, please visit www.gmdpharma.ca and www.adjuvantz.com/our_company.asp

About GMD – GMD, headquartered in Oakville, Ontario, is a leading distributor to the pharmaceutical industry and specializes in supplying specialty ophthalmic pharmaceuticals to clinics across Canada. GMD develops customized programs for a variety of clients that enable the direct distribution of pharmaceuticals and other healthcare products to Canadian pharmacies and clinics.

About HKW – HKW is a private equity firm founded in 1903 with offices in Indianapolis and New York. Since 1982, HKW has sponsored 48 platform transactions of lower middle-market companies throughout North America, as well as 54 add-on acquisitions. For further information on HKW, please visit www.hkwinc.com.

U.S. mid-market private equity firm Hammond Kennedy Whitney & Co (HKW) has recapitalized GMD Distribution Inc and Ophthalmic Direct LP, two divisions of GMD PharmaSolutions. The financial details of the transaction were not released. Based in Oakville, Ontario, GMD is a distributor to the pharmaceutical industry and specializes in supplying specialty ophthalmic pharmaceuticals to clinics across Canada. The company said the partnership with HKW will help it pursue further expansion. Last August, HKW acquired RST Instruments Ltd, a manufacturer of geotechnical measurement instruments headquartered in Maple Ridge, British Columbia.

Photo courtesy of GMD PharmaSolutions