Ancor Capital Partners Sells WellSpring Pharma Services, Inc.

Ad blocking detected

Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following two offers if you want an ad-free experience.

Canadian Insider Club
$299/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads
10-day money back guarantee*
JOIN THE CLUB
Canadian Insider Ad-Free
$49/ year*
All benefits of basic registration
No 3rd party display ads
10-day money back guarantee*
GO AD-FREE

* Price is subject to applicable taxes. Money back guarantee: For bona fide Ad-Free or Canadian Insider Club subscribers, if you downgrade to Basic or cancel with-in 10 days of first subscribing, we will refund your payment upon request. Immediately after downgrading or cancelling, using the same email that is associated with your account, request a refund via our Contact Us form at the bottom of the page. We will only consider one refund request per household or organization. We cannot accommodate refund requests where an account holder has not provided verifiable address and billing information.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

Aug 13, 2018 11:07 am
SOUTHLAKE, Texas -- 

Ancor Capital Partners, a Dallas private equity firm, announces the sale of WellSpring Pharma Services, Inc. to ANI Pharmaceuticals, Inc., an emerging leader in the specialty pharmaceuticals industry based in Baudette, Minnesota. The sale was finalized Aug. 6, 2018, and terms were not disclosed.

WellSpring Pharma Services Inc., headquartered in Ontario, Canada, has established itself as a leading pharmaceutical contract manufacturing organization by emphasizing quality, precision and constant improvement. Today WellSpring provides pharmaceutical manufacturing services for virtually all nonsterile finished dosage form products, including solids, semisolids, and oral liquids and suspensions, as well as primary and secondary packaging in a variety of presentations.

When Ancor, along with co-investor Sentinel Capital Partners, acquired the WellSpring business in 2011, it consisted of three separate business operations – prescription drugs, consumer health care and over-the-counter products, and contract manufacturing of pharmaceutical products. Ancor sold the prescription drug business in 2014 and the consumer health care division in 2017. This transaction represents the sale of the contract manufacturing operation, the final WellSpring business segment.

“We are extremely pleased with our WellSpring business investment,” said Randall Keene, a founding partner at Ancor. “On our watch, the operation was able to advance its position as a market leader and has emerged into a powerful platform poised for continued and sustainable growth.”

Keene continued, “Along with our outstanding partners on this deal, Sentinel, and the leadership of WellSpring CEO Wendy Shusko, we have been able to achieve a number of key strategic initiatives over the course of this investment. I am confident the company’s talented management team and state-of-the-art facilities will continue to drive them toward new opportunities in the industry.”

About Ancor Capital Partners

Ancor Capital Partners is a Dallas, Texas-based private equity firm focused on helping companies reach their next level of growth. Ancor’s experienced team has the acumen, expertise and resources to invest wisely in existing successful companies through private equity buyouts. As a seasoned operating partner, Ancor works to operationally optimize businesses, maximize growth opportunities and instill a lasting culture. With a proven track record of over 50 successful acquisitions to date, Ancor targets health care, consumer staples, industrial manufacturing, automotive and emerging market businesses with an EBITDA of $5-$15 million. For more information about Ancor, visit www.ancorcapital.com.

About Sentinel Capital Partners

Sentinel Capital Partners specializes in buying and building businesses at the lower end of the midmarket in the United States and Canada in partnership with management. Sentinel targets aerospace and defense, business services, consumer, distribution, food and restaurants, franchising, health care and industrial businesses. Sentinel invests in management buyouts, recapitalizations, corporate divestitures and going-private transactions of established businesses with EBITDA of up to $65 million. Sentinel also invests in special situations, including balance sheet restructurings and operational turnarounds. For more information about Sentinel, visit www.sentinelpartners.com.

for Ancor Capital Partners
Jeff Cheathum, 972-247-1369

Comment On!

140
Upload limit is up to 1mb only
To post messages to your Socail Media account, you must first give authorization from the websites. Select the platform you wish to connect your account to CanadianInsider.com (via Easy Blurb).