Scottsdale, AZ – June 24, 2022; City Capital Advisors, a results-oriented investment banking firm serving the middle market, announced today that it has advised Rowpar Pharmaceuticals, Inc., developer and marketer of the ClōSYS® branded product line of oral care products, in a sale of the Company to Arcadia Consumer Healthcare, an entity controlled by the New York City based private investment fund Bansk. City Capital Advisors was hired as the exclusive financial advisor to Rowpar Pharmaceuticals in order to assist with a transaction involving the sale of all of the common stock held by Rowpar’s shareholders via a reverse-triangular merger.
City Capital assisted Rowpar’s Board of Directors in evaluating the possible sale of the Company in order to maximize shareholder value as well as to seek a buyer with greater resources for helping the ClōSYS® brand to expand its market share. After running a market-clearing process to identify such a buyer, City Capital provided Rowpar’s Board of Directors with multiple proposals from interested parties. The proposal most preferred by Rowpar’s Board was from Arcadia Consumer Healthcare, a consumer personal care products company seeking entry into the oral care product sector. In response to the transaction, Rowpar’s CEO Jim Ratcliff commented “Dick King, Mark Timmerman, and the entire City Capital team identified the right opportunity for our shareholders as well as the right strategic partner in Arcadia to help the business reach its full potential”.
About Rowpar Pharmaceuticals, Inc.
Founded in 1991, Rowpar develops and markets innovative, “better for you” oral care products with above category margins under the ClōSYS® brand to dental industry professionals and consumers through Amazon, Walmart, CVS, Walgreens, Kroger and other prominent retailers. The Company’s mouth rinses and toothpastes are sought by a growing and loyal customer base fostered by the clinical benefits associated with their products. All ClōSYS® product formulas utilize Rowpar’s proprietary stabilized chlorine dioxide ingredient Cloralstan® and are proven effective in eliminating bad breath among other benefits. Rowpar’s products were designed in consultation with dental professionals and are supported by numerous leading clinicians within the dental and periodontal oral care industry.
About City Capital Advisors, LLC
City Capital Advisors is a FINRA registered broker-dealer. Client engagements are managed exclusively by experienced senior investment bankers who deliver business owners optimal performance in capitalizing on the value of their companies and meeting shareholder objectives. City Capital’s professionals have successfully advised clients on merger and capital markets transactions totaling in excess of $60 billion