Covetrus - M&A Summary, Ownership, and Business Overview

Consumer ServicesCompany

Covetrus M&A Summary

Covetrus has acquired 7 companies of its own, including 2 in the last 5 years. A total of 4 acquisitions came from private equity firms. It has also divested 1 asset.

Covetrus has acquired in 5 different US states, and 2 countries. The Company’s most targeted sectors include consumer products (34%) and consumer services (34%).

Covetrus Ownership

Who owns Covetrus?

Covetrus is owned by CD&R and TPG. It was acquired on May 25, 2022.

Is Covetrus PE-backed?

Yes. Covetrus is owned by private equity investors CD&R and TPG.

Was Covetrus formerly PE-backed?

Yes. Covetrus was formerly owned by 3 private investors.

Covetrus Business Overview

Where is Covetrus headquartered?

Covetrus is headquartered in Portland, Maine.

What is Covetrus’ revenue?

Covetrus disclosed revenue of 4,339M USD for 2020 and 3,976M USD for 2019.

How many employees does Covetrus have?

Covetrus has 5,275 employees.

What sector is Covetrus in?

Covetrus is a consumer services company.

When was Covetrus founded?

Covetrus was founded in 2010.

M&A Summary

  • M&A Total Activity7
    • M&A Buy Activity6
    • M&A Sell Activity1
  • Total Sectors Invested 4
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 7
  • M&A Advisors 2

Covetrus

Covetrus, Inc.

7 Custom House Street,
Portland, Maine 04101
United States,
(888) 280-2221
www.covetrus.com

Covetrus is a provider of technology-enabled healthcare services for companion and equine veterinary practitioners. The company partners with veterinarians to create insight into gaps in patient care and offer professionalized pro-active prescription management to drive client engagement and improve compliance. Covetrus was formed in 2010 and is based in Portland, Maine.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 5 - 1 - - - 6
Sell (0.2/yr) # - 1 - - - - 1
  7

Most Recent M&A

Company Date Value Type
H3 Financial Services, Inc. 2021-06-30 - Add-on Acquisition
Irvine, California · www.vcp.vet
scil animal care company GmbH 2020-01-14 - Divestiture
Viernheim, Germany · www.scilvet.com
SmartPak Equine LLC 2019-02-13 - Add-on Acquisition
Plymouth, Massachusetts · www.smartpakequine.com
scil animal care company GmbH 2018-12-26 - Merger
Viernheim, Germany · www.scilvet.com
Henry Schein Animal Health 2018-04-23 - Merger
Dublin, Ohio · www.henryscheinvet.com
Roadrunner Pharmacy, Inc. 2017-08-10 - Add-on Acquisition
Phoenix, Arizona · www.roadrunnerpharmacy.com
VetCentric, Inc. 2012-01-17 - Add-on Acquisition
Portland, Maine · www.vetcentric.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Consumer Products 2 (33%) - 1 (100%) -
Consumer Services 2 (33%) - - -
Distribution 1 (17%) - - -
Retail 1 (17%) - - -
Total 6 - 1 -

By Geo

State/Country Buy Value Sell Value
United States 5 - - -
  Ohio 1 - - -
  Massachusetts 1 - - -
  Maine 1 - - -
  California 1 - - -
  Arizona 1 - - -
Germany 1 - 1 -
Domestic 5 (83%) - - -
Cross-border 1 (17%) - 1 (100%) -
Total 6 - 1 -

Top M&A Advisors

Financial Deals
Lincoln International
1
Legal Deals
White and Williams
1

M&A Connections

Deals
Acquired from
Investor(s)
50%
3 (50%)
Strategic(s)
50%
3 (50%)
Divested to
Strategic(s)
100%
1 (100%)

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