Generational Equity Announces the Acquisition of Aqua Regia By Pharmacy Alternatives

By Generational Equity


Aqua Regia, based in Redding, California, is comprised of a retail pharmacy and a closed-door pharmacy that delivers medicine to long-term care facilities and care providers. The company also provides medical supplies and equipment.

Pharmacy Alternatives is a leading national provider of pharmacy services to group homes, assisted living facilities and other homes and facilities, with a focus on serving complex populations and seniors. The closed-door, long-term care pharmacy is one of the few pharmacies in the nation specializing in serving persons with intellectual and developmental disabilities.

Pharmacy Alternatives is known for exceptional service, uses state-of-the art packaging and dispensing technology specifically designed for special population and provides options with types of medical records delivery via a responsive medical records team. Additionally, the company offers pharmacist- and nurse-driven clinical supports for nurses, staff, and consumers. It is based in Louisville, Kentucky.

Generational Equity Senior Managing Director Stephen Crisham’s team, led by James Hermann with support from VP Lori Galloway, successfully closed the deal. Senior Managing Director Thomas Braun established the initial relationship with Aqua Regia.

“This was a transaction that came to a successful conclusion due in large part to the cooperating effort by both parties and their advisers,” said Hermann. “It was a pleasure to be part of such a successful transaction that allowed our clients to benefit from all their years of hard work.”

For more information:

Carl Doerksen


SOURCE Generational Equity

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