Vet’s Best Friend Partners With Equity Firm
The practice consolidator will use the investment to grow its 12-clinic network.
Vet’s Best Friend, the owner of 12 veterinary practices in seven Northeast states, is planning further expansion after receiving what was described only as “a significant investment” from the private equity firm Revelstoke Capital Partners.
“We are excited to leverage Revelstoke’s experience in helping to grow multisite health care services businesses,” Vet’s Best Friend CEO Jeff Wilson said.
“We expect that this investment will enable the company to rapidly expand our presence across new and existing markets through acquisitions and de novo locations, working with like-minded veterinarians.”
Vet’s Best Friend, founded in 2019, focuses on marketing, recruiting and back-office support at the practices it purchases while permitting the clinics to keep their name and culture.
Revelstoke’s investment portfolio includes several human health care companies.
“With more emerging pet parents across the nation and increasing pet life expectancy, the veterinary services sector has experienced substantial consolidation and tailwinds over the last decade that we believe will continue for years to come,” said Revelstoke principal Anthony Hayes.
The Vet’s Best Friend executive team includes vice president of veterinary relations Cheryl Brocki, DVM, and vice president of veterinary operations Lora LaBranche, DVM.
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