M&A Deal Summary

PetIQ Acquires Community Veterinary Clinics

On January 8, 2018, PetIQ, Inc. acquired consumer services company Community Veterinary Clinics LLC for 220M USD

Acquisition Highlights
  • This is PetIQ’s 1st transaction in the Consumer Services sector.
  • This is PetIQ’s 1st largest (disclosed) transaction.
  • This is PetIQ’s 1st transaction in the United States.
  • This is PetIQ’s 1st transaction in California.

M&A Deal Summary

Date 2018-01-08
Target Community Veterinary Clinics LLC
Sector Consumer Services
Buyer(s) PetIQ, Inc.
Deal Type Add-on Acquisition
Deal Value 220M USD
Advisor(s) TM Capital Corp. (Financial)
Carle Mackie Power & Ross LLP (Legal)

Target

Community Veterinary Clinics LLC

Windsor, California, United States
website
Community Veterinary Clinics LLC is a provider of preventative and wellness veterinary services throughout the United States via its network of clinics. The Company’s more than 2,500 community clinics, located in locally-based pet stores and feed stores, offer a wide variety of preventative pet care services, including diagnostic tests, vaccinations, prescription medications, microchipping and wellness checks. In addition, CVC sells a wide variety of prescription diets, medication, and other pet supplies through its online ecommerce store.

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Buyer(S) 1

Buyer

PetIQ, Inc.

Eagle, Idaho, United States

website


Category Company
Founded 2010
SectorConsumer Services
Employees1,015
Revenue 780M USD (2020)
DESCRIPTION

PetIQ is a distributor and supplier of branded and generic pet pharmaceuticals and over-the-counter (OTC) products to national retailers. PetIQ was founded in 2010 and is based in Eagle, Idaho.


DEAL STATS #
Overall 1 of 3
Sector (Consumer Services) 1 of 2
Type (Add-on Acquisition) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 2
Year (2018) 1 of 1
Size (of disclosed) 1 of 3
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-08 Perrigo Company PLC - Perrigo Animal Health

Dublin, Ireland

Perrigo Company PLC - Perrigo Animal Health makes quality products that help protect furry family member’s well-being. Perrigo Animal Health brands include PetArmor®, SENTRY®, and Sergeant’s®. With a pet health and well-being heritage dating back to 1868, Perrigo Animal Health unit continues to develop products that empower pet parents to care for their pets at home. Perrigo Animal Health products include flea and tick treatments, behavior products, allergy relief, de-wormer medications and more.

Buy $185M