Liberty Mutual Investments (LMI) has provided growth capital in the form of debt financing to Synergy Pet Group (SPG) to accelerate its expansion across veterinary technology and pet services.
Backed by LoneTree Capital, SPG’s portfolio targets multiple facets of the veterinary and pet care ecosystem. The company operates Shepherd Veterinary Solutions, a subscription-based practice information management system. It also provides pet-related employee benefits and insurance programs for employers and brokers through its Wishbone family of brands.
Charles Nebenzahl, Synergy Pet Group CEO, stated that the new financing provides the flexibility to invest in the company’s business segments and “build software that helps veterinary teams run their practices.”
Financial terms were not disclosed.