Scrip Products Buys Allegro Medical

Scrip Products Corp., which is backed by Beecken Petty O’Keefe & Co., has bought Allegro Medical. Financial terms weren’t announced. Allegro is an internet-based distributor of medical equipment and supplies selling direct to consumers and businesses throughout the U.S.  Beeken Petty is a Chicago PE firm. News of the deal was disclosed by Livingstone, an investment bank, which advised Scrip.


Livingstone, the leading independent, international investment banking
firm, is pleased to announce that its client, Scrip Products Corporation (“Scrip” or the “Company”) has
acquired Allegro Medical (“Allegro”), a leading internet-based distributor of medical equipment and
supplies selling direct to consumers and businesses throughout the U.S. Terms of the deal were not

Livingstone served as exclusive financial advisor to Scrip and the Company’s majority owner, Beecken
Petty O’Keefe & Company, (“BPOC”). Livingstone worked with the Company for several months to
identify, pursue, and complete a strategic acquisition to broaden its existing product and customer

Based in Bollingbrook, Illinois, Scrip is the premier specialty healthcare distribution company serving the
chiropractic, massage therapy, spa, and physical therapy markets. BPOC created the platform company in
2006 when it combined Scrip and Massage Warehouse, Inc. to become a market leading specialty

“The acquisition of Allegro expands Scrip’s product offering and web presence, and provides new and
exciting growth opportunities” said Scrip CEO Matt Taylor. “Allegro is a synergistic and complementary
fit to our strategy of adding new markets and leveraging our operating infrastructure and capabilities.”

“We are pleased to have assisted Scrip on a successful acquisition,” commented Livingstone managing
director and healthcare head Jim Moskal. “The addition of Allegro truly cements the Company’s position
as an industry leader.”

“Livingstone enjoyed the opportunity to work with our friends at BPOC on this important strategic
transaction,” added partner and private equity head David Sulaski. “We take particular pride in helping
the middle market’s premier financial sponsors get deals done.”

The Scrip transaction represents the fourth healthcare deal closed by Livingstone in 2011, and the
second in specialty healthcare distribution, following January’s sale of Dispensing Solutions to PSS World



BPOC is a Chicago-based private equity management firm founded in 1996 to invest in middle-market
buy-out transactions, recapitalizations, and growth platforms in the healthcare industry. BPOC is
currently investing out of BPOC Fund III, a $400 million investment fund raised in 2010.

Livingstone is a leading independent, international investment banking firm focused on M&A, capital raising and
special situations transactions with values up to $500 million. Across four principal offices in the U.S. and Europe,
Livingstone’s 60 corporate finance professionals specialize in six key global sectors: Business Services, Consumer,
Environmental Services, Healthcare, Industrial, and media:tech.