Pet Care Lures Private Equity

Pet Care Lures Private Equity Yes, and: compass group equity partners' carevet is poised to hit the market later this year via lincoln international, sources add. led and co founded by former l catterton operating partner greg siwak just four years ago, carevet is now close to some $50 million of ebitda, sources say. carevet has built a successful model centered on small. In recent years, pe firms have been snatching up veterinary clinics across the country—a trend accelerated by the pandemic—as investors flock to profitable industries that are resilient in the face of market downturns. since the start of 2017, private equity dealmaking in the us veterinary sector has totaled over $45 billion, according to.

Resilient Pet Industry Shows Private Equity Is Barking Up The Right Vip pet care, owned by petiq, has acquired 300 new vet clinics since january 2022, and now owns more than 4,000 locations in total. vetcor (a private equity firm backed by harvest partners) has acquired more than 209 new clinics since january 2022, and has more than 900 clinics on their books in total. Pet food processing sat down with seth kaufman and nate thomas, co founders and partners at bsm partners, at superzoo 2022 to discuss the current private equity interest in the pet industry, common pitfalls for long term success, and advice for firms looking to enter the pet space. Pet industry trends signal strong opportunities for private equity firms. 4 min read. today’s pet owners care deeply about the well being of their four legged family members. in turn, companies in the pet industry continue expanding products and services to meet increased demand. As pet ownership soared during the covid 19 pandemic, private equity followed close behind. the pandemic years of 2020 2022 were “the peak years for private equity acquisitions of veterinary services and practices,” said michael fenne, senior coordinator for health care at the private equity stakeholder project, a nonprofit watchdog group that advocates for communities affected by private.