M&A Deal Summary

Compass Group Equity Partners Acquires CareVet

On January 1, 2018, private equity firm Compass Group Equity Partners acquired consumer services company CareVet

Acquisition Highlights
  • This is Compass Group Equity Partners’ 1st transaction in the Consumer Services sector.
  • This is Compass Group Equity Partners’ 4th transaction in the United States.
  • This is Compass Group Equity Partners’ 1st transaction in Missouri.

M&A Deal Summary
Date 2018-01-01
Target CareVet
Sector Consumer Services
Buyer(s) Compass Group Equity Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

CareVet

St. Louis, Missouri, United States
CareVet is a veterinary practice management group building a network of veterinary hospitals throughout the United States. CareVet practices are staples of the community with a focus on a high standard of care, strong engagement from the team, and a record of stability. The holistic approach to veterinary medicine focuses on five pillars of care all designed to benefit the pets and their owners. CareVet was founded in 2018 and is based in St. Louis, Missouri.

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Buyer(S) 1

Buyer

Compass Group Equity Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2015
Size Small
Type Sector Agnostic
DESCRIPTION

Compass Group Equity Partners is a private equity firm focused on lower middle-market companies. The Firm looks to invest between $1 to $15 million for companies generating sales of $20 to $100 million. Prospective transaction types include management buyouts, growth financings, and stake purchases. Sectors of interest include manufacturing, distribution, and business services. Compass Group was formed in 2015 and is based in St. Louis, Missouri.

DEAL STATS #
Overall 4 of 17
Sector (Consumer Services) 1 of 2
Type (Buyout (LBO, MBO, MBI)) 4 of 10
State (Missouri) 1 of 4
Country (United States) 4 of 17
Year (2018) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-27 Manufactured Assemblies

Vandalia, Ohio, United States

Manufactured Assemblies Corp. is a manufacturer of custom cable assemblies, wire harnesses, and kiosks for large and small OEMs. MAC expanded its capabilities from making custom cable assemblies and wire harnesses, into a wide range of products including the manufacture of electronic and mechanical assemblies such as kiosks, box builds, panel boards, digital signs, and other custom components. Manufactured Assemblies was founded in 1976 and is based in Vandalia, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-15 Logic PD

Eden Prairie, Minnesota, United States

Logic PD, Inc. designs and develops embedded and connected devices serving the aerospace, defense, control and automation, Internet of Things (IoT), and medical/life sciences markets. Logic has evolved into a leading provider of electronics manufacturing services offering a complete suite of product lifecycle management solutions. With integrated capabilities in research, design, engineering, quality, regulatory, manufacturing, and aftermarket services, Logic helps its clients identify opportunities, reduce risk, and control costs to deliver the next generation of innovative products into the world’s most demanding markets. Logic PD was founded in 1960 and is based in Eden Prairie, Minnesota.

Buy -
Mergr

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