Millpond Invests in Pharmacy Development

Millpond Equity Partners has made an investment in Pharmacy Development Services (PDS), a provider of consulting services and data analytics to independent pharmacies.

In addition to its consulting practice, which is sold under a membership model, PDS also operates the PDS Super-Conference, an annual conference and trade show attended by owners and operators of independent pharmacies. PDS was founded in 1998 by Dan Benamoz and is headquartered near Palm Beach in Lake Worth, FL (www.pharmacyowners.com).

“PDS was founded with the mission of providing better business outcomes for pharmacies and we’re proud of our membership base, the success they have enjoyed, and our long history of serving the independent pharmacy community,” said Mr. Benamoz, “We view Millpond as the ideal partner to assist us in broadening and enhancing our service offering. Our growing membership base is our most important asset and this partnership will allow us to better serve them.”

Millpond Equity Partners invests in companies with EBITDA up to $15 million that are active in the education, training and outsourced business services sectors. The firm is headquartered in Boca Raton, FL (www.millpondequity.com).

“We are excited to partner with Dan and his current team, led by CEO Jeff Phillip,” said Millpond Equity Partner Larry Shagrin. “Since its founding, PDS has been laser-focused on the growth and health of its members. The strength of the PDS value proposition and its differentiated, broad service offering attracted us to the company.”

Additional institutional financing for this transaction was provided by BMO Sponsor Finance, New Canaan Funding, RCP Advisors, and Private Advisors.

© 2018 Private Equity Professional | August 8, 2018

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