Zoetis - M&A Summary and Business Overview

Life ScienceCompany

Zoetis M&A Summary

Zoetis has acquired 13 companies, including 6 in the last 5 years. A total of 1 acquisition came from private equity firms. It has also divested 2 assets.

Zoetis’ largest acquisition to date was in 2018, when it acquired Abaxis for $2.0B. It’s largest disclosed sale occurred in 2024, when it sold Zoetis Medicated Feed Additive Portfolio to Phibro Animal Health for $350M. Zoetis has acquired in 5 different US states, and 5 countries. The Company’s most targeted sectors include life science (54%) and medical products (24%).

Zoetis Business Overview

Where is Zoetis headquartered?

Zoetis is headquartered in Parsippany, New Jersey.

What is Zoetis’ revenue?

Zoetis disclosed revenue of 8,544M USD for 2023 and 8,080M USD for 2022.

How many employees does Zoetis have?

Zoetis has 11,300 employees.

What sector is Zoetis in?

Zoetis is a life science company.

When was Zoetis founded?

Zoetis was founded in 1952.

M&A Summary

  • M&A Total Activity15
    • M&A Buy Activity13
    • M&A Sell Activity2
  • Total Sectors Invested 5
  • Total Countries Invested 5
  • M&A Buy/Sell Connections 4
  • M&A Advisors 3

Zoetis

Zoetis, Inc.

10 Sylvan Way,
Parsippany, New Jersey 07054
United States,
(973) 822-7000
www.zoetis.com

Zoetis engages in the discovery, development, manufacture and commercialization of a diverse portfolio of animal health medicines and vaccines designed to meet the real-world needs of veterinarians and the livestock farmers and companion animal owners they support. Zoetis was founded in 1952 and is based in Parsippany, New Jersey.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.6/yr) # 10 1 1 1 - - 13
vol $3.1B $50M $3.1B
Sell (0.4/yr) # - - - - 1 1 2
vol $350M $350M
  15

Most Recent M&A

Company Date Value Type
Zoetis Medicated Feed Additive Portfolio 2024-04-28 350M USD Divestiture
Parsippany, New Jersey
Pumpkin Insurance Services, Inc. 2023-05-16 - Divestiture
New York, New York · www.pumpkin.care
Basepaws, Inc. 2022-06-07 50M USD Add-on Acquisition
Torrance, California · www.basepaws.com
Jurox Pty Ltd.. 2021-08-04 - Add-on Acquisition
Rutherford, Australia · www.jurox.com.au
Ethos Diagnostic Science 2020-02-07 - Divestiture
San Diego, California · www.ethosdiagnostics.com
ZNLabs LLC 2019-11-22 - Add-on Acquisition
Louisville, Kentucky · www.znlabs.com
Phoenix Central Laboratory for Veterinarians, Inc. 2019-10-31 - Add-on Acquisition
Mukilteo, Washington · www.phoenixlab.com
Platinum Performance 2019-07-22 - Add-on Acquisition
Buellton, California · www.platinumperformance.com
Abaxis, Inc. 2018-05-16 2.0B USD Add-on Acquisition
Union City, California · www.abaxis.com
Nexvet Biopharma PLC 2017-04-13 85M USD Add-on Acquisition
Tullamore, Ireland · www.nexvet.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Life Science 7 (54%) 290M (9%) - -
Medical Products 3 (23%) 2.8B (91%) - -
Consumer Products 1 (8%) - 1 (50%) 350M (100%)
Consumer Services 1 (8%) - - -
Food 1 (8%) - - -
Insurance - - 1 (50%) -
Total 13 $3.1B 2 $350M

By Geo

State/Country Buy Value Sell Value
United States 8 2.2B 2 350M
  California 4 2.1B - -
  Washington 1 - - -
  North Carolina 1 155M - -
  Louisiana 1 - - -
  Kentucky 1 - - -
  New York - - 1 -
  New Jersey - - 1 350M
Australia 2 - - -
Denmark 1 80M - -
Ireland 1 85M - -
Norway 1 765M - -
Domestic 8 (62%) 2.2B (70%) 2 (100%) 350M (100%)
Cross-border 5 (38%) 930M (30%) - -
Total 13 $3.1B 2 $350M

Top M&A Advisors

Financial Deals
Guggenheim Securities
2
Barclays Investment Bank
1
Legal Deals
Wachtell, Lipton, Rosen & Katz
2

Deal Values

buy # Total
> $1B 1 $2.0B
$100M to $1B 2 $920M
< $100M 3 $215M
TOTAL $3.1B
Largest Abaxis, Inc.
$2.0B (2018-05-16)
sell # Total
$100M to $1B 1 $350M
TOTAL $350M
Largest Zoetis Medicated Feed Additive Portfolio
$350M (2024-04-28)

M&A Connections

Deals
Acquired from
Investor(s)
8%
1 (8%)
Strategic(s)
8%
1 (8%)
Divested to
Investor(s)
50%
1 (50%)
Strategic(s)
50%
1 (50%)

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