Small-town family business owners Kent and Linda Johnson approached BCMS keen to sell their company, Jewett Drugs Inc., to a major pharmacy group.
Discussions commenced with a number of major pharmacies, and each company sent us their specific questionnaire in order to evaluate the business. Several companies made offers without the need for a meeting with our client, and the ultimate acquirer of Jewett was Safeway Inc., who had always been the preferred choice for Kent and Linda.
The deal was easy to facilitate due to BCMS’s method and Safeway’s prior experience as an acquirer. Due diligence was swift and efficient, and the deal was completed a week prior to the set date. The process was so straight forward that Safeway expressed a great interest in working with BCMS again.