Private equity firm Court Square Capital Partners LP recapitalized J. Knipper and Co. Inc. and its affiliate KnippeRx.
The Knipper family is selling its majority stake but will remain as a minority owner of the company.
Court Square appointed COO Michael Laferrera to be CEO. Frank McNicholas will take over from Laferrera as COO while remaining as CFO.
Edgemont Capital Partners LP was the financial adviser to J. Knipper for the transaction.
