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Generational Equity Advises East Hills Family Pharmacy in Sale to Rite Aid
By Generational Equity
06/18/2019
Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client, East Hills Family Pharmacy to Rite Aid. The acquisition closed May 29, 2019 and details were not disclosed.
East Hills Family Pharmacy is a retail pharmacy located in Johnstown, Pennsylvania. It provides a wide range of solutions, including brand name and generic prescription drugs, over-the-counter (OTC) medication, and other related products. In addition, the Company is a leading area retailer of nutraceuticals, homeopathic remedies, and pharmaceutical grade supplements.
Rite Aid is a national retail pharmacy chain headquartered in Camp Hill, Pennsylvania. The Company is ranked No. 94 in the 2018 Fortune 500 list of the largest United States corporations by total revenue. Rite Aid is the largest drugstore chain on the East Coast and the third largest in the U.S. East Hills Family Pharmacy was acquired by Rite Aid of Pennsylvania, a subsidiary of Rite Aid.
Generational Equity Executive Managing Director of M&A – Central Region, Michael Goss and his team, led by Managing Director, Mergers & Acquisitions Ryan Johnson, successfully closed the deal. Senior Managing Director Thomas Hamm established the initial relationship with East Hills Family Pharmacy.
“It was very important to the owner to find the buyer best able to provide continued job opportunities to his employee base, as well as allow him to enjoy retirement and travel at this stage of his life,” said Johnson. “Both parties saw the great fit, and were very committed to making the deal happen.”
About Generational
Headquartered in Dallas, Generational is one of the leading M&A advisory firms in North America.
With more than 350 professionals located throughout 17 offices in North America, the companies help business owners release the wealth of their business by providing growth consulting, merger, acquisition, and wealth management services. Their six-step approach features strategic and tactical growth consulting, exit planning education, business valuation, value enhancement strategies, M&A transactional services, and wealth management.
The M&A Advisor named the company Investment Banking Firm of the Year three years in a row, Valuation Firm of the Year in 2020, and North American Investment Bank of the Year in 2022 as well as Consulting Firm of the Year. For more information, visit https://www.generational.com.