Hammond, Kennedy Whitney recaps pharmaceutical distributor GMD
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.
30 March 2015•2 mins read
