Hammond, Kennedy, Whitney & Company, Inc. Announces Add-on Acquisition by GMD Distribution Inc.
Indianapolis, IN – September 9, 2015 – GMD Distribution Inc. (“GMD”), a portfolio company of Hammond, Kennedy, Whitney & Company, Inc. (“HKW”), announced today further expansion in the patient support area with the acquisition of Adjuvantz Inc. Based in Toronto, Ontario, Adjuvantz specializes in providing patient support programs for a variety of therapeutic disciplines.
John Leombruno, CEO of GMD stated, “We are quite excited about the business combination of Adjuvantz and GMD. Adjuvantz, with its long industry tenure and impressive customer base, will be a tremendous addition to GMD.”
“Adjuvantz is truly complementary to GMD’s business and will further expand GMD’s footprint in patient support programs,” said Glenn Scolnik, HKW Chairman. John Carsello, HKW Partner added, “the talented, experienced team at Adjuvantz is an excellent fit with the GMD executive team. We are excited about the acquisition and believe the combination will fuel synergistic growth.”
GMD, headquartered in Oakville, Ontario, is a leading distributor to the pharmaceutical industry and specializes in supplying specialty ophthalmic pharmaceuticals to clinics across Canada. GMD develops customized programs for a variety of clients that enable the direct distribution of pharmaceuticals and other healthcare products to Canadian pharmacies and clinics.
HKW is a private equity firm founded in 1903 with offices in Indianapolis and New York. Since 1982, HKW has sponsored 48 platform transactions of lower middle-market companies throughout North America, as well as 54 add-on acquisitions. For further information on HKW, please visit www.hkwinc.com.