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Generational Equity Advises Live Well Medical Supplies in its Recapitalization by Montgomery DME

By Generational Equity

05/06/2021

Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the recapitalization of its client, Live Well Medical Supplies, Inc., by Montgomery DME, a holding of Monument MicroCap Partners, LLC. The transaction closed April 6, 2021.

Located in Riverside, California, Live Well Medical Supplies (LiveWell) is a distributor of DME (Durable Medical Equipment) and HME (Home Medical Equipment), serving primarily hospice and home healthcare markets in Southern California. LiveWell’s mission is to provide information and products that improve the quality of life for those mobility-impaired, the aged, those with debilitating illnesses, or other persons specifically in a home care setting. LiveWell has become a strong competitor in hospice markets with a very high client retention rate due to superior service and efficient operations.

Montgomery DME (MDME), headquartered in Santa Fe Springs, California (with an additional location in Poway, California), was founded in 1996 and is a leading provider of DME on a rental basis to hospices located primarily in Los Angeles and surrounding counties. MDME rents and services equipment such as hospital beds, wheelchairs, oxygen concentrators, oxygen tanks, and recliners. MDME currently services approximately 5,000 hospice patients.

Located in Indianapolis, Indiana, Monument MicroCap Partners (Monument) is a private equity firm focused on investments in North American businesses with EBITDA of $2-8 million. Monument seeks to partner with honest, hard-working and talented management teams across a wide variety of industries, including niche manufacturing, business services and industries positioned to capitalize on demographic trends and the growing need for infrastructure investment.

LiveWell represents the second recapitalization by MDME since its acquisition by Monument in December 2018. In January 2019, Montgomery DME recapitalized Abundant Home Care, a provider of DME on a rental basis to hospices in San Diego.

“We are very excited and proud to partner with LiveWell as we continue to expand our service to new clients and their patients”, said Ron Galan, President of MDME. “LiveWell and MDME provide each other with expanded geographies and greater resources to better assist patients. We welcome LiveWell’s hospice partners, patients, and patient families to our MDME family.”

Generational Equity Executive Managing Director of M&A – Western Region, Stephen Crisham, and his team, led by Managing Director Mergers & Acquisitions, Mike Meredith, successfully negotiated the recapitalization of LiveWell. Senior Managing Director Eric Colton established the initial relationship with LiveWell.

“Montgomery DME’s acquisition of Live Well Medical Supplies will enable Montgomery to expand its footprint in California,” said Meredith.

About Generational

Headquartered in Dallas, Generational is one of the leading M&A advisory firms in North America.

With more than 350 professionals located throughout 17 offices in North America, the companies help business owners release the wealth of their business by providing growth consulting, merger, acquisition, and wealth management services. Their six-step approach features strategic and tactical growth consulting, exit planning education, business valuation, value enhancement strategies, M&A transactional services, and wealth management.

The M&A Advisor named the company Investment Banking Firm of the Year three years in a row, Valuation Firm of the Year in 2020, and North American Investment Bank of the Year in 2022 as well as Consulting Firm of the Year. For more information, visit https://www.generational.com.