Generational Equity Announces Sale of Waipahu Town Pharmacy to Walgreens

PRLog (Press Release) – Oct 14, 2009 – Generational Equity, a leading advisor to privately held and family-owned businesses for mergers, acquisitions, and strategic growth initiatives, today announced the successful sale of its client, Waipahu Town Pharmacy to Walgreens.

Waipahu Town Pharmacy, retail pharmacy based in Waipahu, HI, was engaged in the sale of prescription drugs as well as over-the-counter medications and health-related items such as wheelchairs, walkers, and commodes. Waipahu Town Pharmacy was acquired by Walgreens, the nation’s largest drugstore, for an undisclosed amount.

Managing Directors, Stephen Crisham and Lori Galloway, with help from Ed Weber, formed the Generational Equity deal team in marketing and negotiating the transaction.

With the acquisition, Walgreens has expanded its services to Waipahu, Hawaii, thus increasing its island presence.  

The transaction successfully closed in April 2009.

About Generational Equity
Generational Equity is one of the nation's leading middle-market mergers and acquisitions companies, providing private business owners with the information and expertise they require to exit their business successfully. A unique, four-phase approach that includes education, financial analysis and reporting, sales documentation and deal-making ability combine to offer business owners an unparalleled level of commitment and experience, all focused on helping to release the generational equity and wealth in every business.  Generational Equity has more than 250 professionals and affiliates nationwide and is headquartered in Dallas, with affiliate offices in Chicago and Irvine, Calif.  For more information, contact Generational Equity at 877-213-1792 or info-us@genequityco.com or visit www.genequityco.com.

About Waipahu Town Pharmacy
Waipahu Town Pharmacy is a retail pharmacy engaged in the sale of prescription drugs, as well as over-the-counter medications and health related items such as wheelchairs, walkers, and commodes. The Company also fills a niche in providing medication and supplies for diabetic patients, such as test strips, glucometers, and custom made diabetic shoes.  With a significant percentage of customers residing in residential care facilities, Waipahu Town Pharmacy’s delivery service differentiates the Company from chain-store pharmacies.

About Walgreens
Walgreens is the nation’s largest drugstore chain with fiscal 2009 sales of $63.3 billion. The company operates 7,042 drugstores in all 50 states, the District of Columbia and Puerto Rico. Walgreens provides the most convenient access to consumer goods and services and cost-effective pharmacy, health and wellness services in America through its retail drugstores, Walgreens Health Services division and Walgreens Health and Wellness division.