June 29, 2017

Trive Capital Partners with Redmond & Greer Pharmacy Supply to Support Growth Initiatives

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Dallas, Texas

Trive Capital (“Trive”), the Dallas-based private equity firm, is proud to announce its partnership with Redmond & Greer Pharmacy Supply (“Redmond & Greer” or the “Company”). Headquartered in Dallas, TX, Redmond & Greer is a wholesale pharmaceutical distributor specializing in the sale of prescription drugs to pharmacies throughout the United States.  The partnership will provide Redmond & Greer with the operational resources and capital to pursue its growth initiatives and expand the Company’s product and service offerings for its customers in the independent pharmacy channel.

Andrew Coney, Chief Executive Officer of Redmond & Greer, stated, “This is a very exciting time for the Redmond & Greer team.  Our partnership with Trive will be instrumental as we continue to build out our business and accelerate our growth initiatives.  Trive’s operational focus, flexible approach, and ability to move rapidly aligns perfectly with our culture and the needs of our customers.”

Conner Searcy, Managing Partner at Trive Capital, shared, “Redmond & Greer is a dynamic business that has demonstrated a unique ability to scale rapidly.  We look forward to leveraging Trive’s deep operational experience in the distribution sector and working collaboratively with the Redmond & Greer team to execute on organic and inorganic growth opportunities.”

Dan Lenahan, Managing Director at Trive Capital, commented, “Trive is proud to partner with Redmond & Greer to pursue a multitude of exciting value creation initiatives in front of the Company. Together we will strive to expand the Company’s supplier relationships and continue to enhance our customer service levels via a data-driven focus on continuous operational improvement.”

 

 

About Redmond & Greer Pharmacy Supply

Headquartered in Dallas, TX, Redmond & Greer Pharmacy Supply is a wholesale distributor of prescription pharmaceuticals.  From its three distribution locations, the Company provides full line generic pharmaceuticals to independent pharmacies and medical clinics in 47 states.

 


About Trive

Trive Capital is a Dallas, Texas based private equity firm with more than $7 billion of regulatory assets under management. Trive focuses on investing equity and debt in what it sees as strategically viable middle-market companies with the potential for transformational upside through operational improvement. We seek to maximize returns through a hands-on partnership that calls for identifying and implementing value creation ideas.

The Trive team is comprised of seasoned investment professionals who have been involved in over 250 middle-market transactions representing in excess of $7 billion in revenue across Trive’s targeted industry sectors and situations.

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