Intrepid Investment Bankers (Intrepid), a leading middle-market investment bank, announced today that it acted as the exclusive financial advisor to Mini Pharmacy Enterprises, Inc. (Mini) on its sale to Angeles Equity Partners, LLC (Angeles). Based in Los Angeles, Calif., Mini is a leading specialty distributor of diabetic testing and medical supplies. Founded in 1980 by Allen Fox, Mini has grown to become one of California’s largest distributors of insulin and diabetic supplies, serving tens of thousands of patients. The company offers continuous glucose monitors, general prescriptions, nutritional formulas, and durable medical equipment, leveraging deep relationships with referral sources across California.
Richard Fox will carry on his father’s legacy at Mini as he continues to lead its commercial activities as Vice President of Sales. After 14 years of running the business, Isaac Mizraki, Mini’s Chief Operating Officer will be retiring. “We believe Angeles’s operational capabilities are well-suited to steward our family’s business to its full potential for years to come,” said Richard Fox. “Intrepid’s guidance and management of the sale process was paramount to our finding the right partner for Mini and my family, and I couldn’t be more thrilled to partner with the Angeles team.”
“We congratulate the Fox family and Mini for creating a differentiated market leader in California, one whose legacy will continue, as it partners with Angeles,” said Gary Rabishaw, Managing Director at Intrepid. “Under the leadership of Angeles, we are confident that Mini is in excellent hands.”
“As the stakeholders in the healthcare industry explore ways to control costs and improve care, investors are paying close attention to opportunities to better manage massive chronic conditions like diabetes,” said Jonathan Bluth, Director and Co-Head of the Healthcare Group at Intrepid. “This is our team’s eighth transaction in the specialty supplies and pharmacy sectors, and we look forward to working with other state-wide and national healthcare leaders like Mini in the future.”
Deal Team Contacts
About Intrepid Investment Bankers
Intrepid provides M&A, capital raising and strategic advisory services to entrepreneurs and middle-market companies in various industry sectors. Our heritage breeds a culture that embraces teamwork, tenacity and creativity to help our clients win big. We believe that every company has an entrepreneurial passion that drives it and a story that defines it. Our team delivers results through skillful positioning and relentless execution. Based in Los Angeles, Intrepid augments its international capabilities through its active participation in Oaklins, an exclusive global alliance of M&A advisory firms.
About Intrepid’s Healthcare Group
Intrepid’s Healthcare Group is dedicated to providing strategic advice in capital raises and mergers and acquisitions across a broad range of healthcare sectors, including physician practice management, diagnostics and labs, revenue cycle management, behavioral health, hospitals, IT, pharmacy, post-acute care, and medical devices. Our team maintains extensive relationships with strategic buyers and institutional investors across these sectors.