DALLAS, April 12, 2017 /PRNewswire/ -- Generational Capital Markets, Inc., Member FINRA/SIPC, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client, R&S Drugs Inc. of Duncan, Oklahoma, to a private investor. The acquisition closed January 6, 2017. Details were not disclosed.
Founded in 1945, R&S Drugs Inc. operates three community pharmacies in Duncan which has a population of about 23,000. Combined, the three pharmacies fill approximately 250,000 prescriptions annually.
Majority owner Joe Pierce, a beloved fixture in Duncan, was passionate about finding a buyer who would continue to serve the patients of Duncan with the same care and attention he has provided for the last several decades.
Fortunately the buyer, a pharmacist with a background in pharmacy ownership and management, shares Pierce's commitment to superior service to the community.
Generational Capital Markets Managing Directors Tom Staszak and Chris Gain successfully closed the deal.
"Although R&S Drugs generated interest from several other potential acquirers, Joe Pierce was focused on maintaining local ownership of the company," said Staszak. "Selling the company to a person that already had a minority ownership position in R&S Drugs assured the existing commitment to outstanding personal service and local involvement will continue."
About Generational Capital, LLC
Generational Capital, LLC is a Dallas, Texas-based merger & acquisition advisory firm. Generational Capital wholly owns Generational Capital Markets, Inc., Member FINRA/SIPC. More information can be found at www.gencm.com. Generational Capital and Generational Capital Markets are part of the Generational Group and are affiliated with Generational Equity, LLC. Generational Equity's website is www.genequityco.com and its online newsroom is www.gecpress.com. GCM received The M&A Advisor's 2016 Corporate and Strategic Acquisition of the Year Award, as well as the 2016 Materials Deal of the Year for its work on the Stern Rubber Company transaction. It has also been recognized for the 2016 M&A Deal of the Year (for deals valued $10mm - $25mm) for the acquisition of Pro Trans Logistics Inc. by Action Resources.
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SOURCE Generational Capital Markets