M&A Deal Summary

Covetrus Acquires VetCentric

On January 17, 2012, Covetrus acquired consumer products company VetCentric from Sherbrooke Capital Partners

Acquisition Highlights
  • This is Covetrus’ 1st transaction in the Consumer Products sector.
  • This is Covetrus’ 1st transaction in the United States.
  • This is Covetrus’ 1st transaction in Maine.

M&A Deal Summary
Date 2012-01-17
Target VetCentric
Sector Consumer Products
Buyer(s) Covetrus
Sellers(s) Sherbrooke Capital Partners
Deal Type Add-on Acquisition

Target

VetCentric

Portland, Maine, United States
VetCentric, Inc. is a veterinary-focused pharmacy offering home delivery of FDA- and EPA-approved pharmaceuticals, compounded medications, and therapeutic and wellness diets to pet owners on behalf of veterinary practices.

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Buyer(S) 1

Buyer

Covetrus

Portland, Maine, United States
Category Company
Founded 2010
Sector Consumer Services
Employees5,275
Revenue 4.3B USD (2020)
DESCRIPTION

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.

DEAL STATS #
Overall 1 of 6
Sector (Consumer Products) 1 of 2
Type (Add-on Acquisition) 1 of 4
State (Maine) 1 of 1
Country (United States) 1 of 5
Year (2012) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-10 Roadrunner Pharmacy

Phoenix, Arizona, United States

Roadrunner Pharmacy, Inc. is a provider of technology-enabled healthcare services for companion and equine veterinary practitioners. Roadrunner Pharmacy, Inc. was established in 1999 and is based in Phoenix, Arizona.

Buy -

Seller(S) 1

SELLER

Sherbrooke Capital Partners

Category Growth Capital Firm
Founded 1999
Size Small
Type Sector Agnostic
DESCRIPTION

Sherbrooke Capital Partners is a private equity firm focused on growth oriented investments in consumer companies. The Firm looks to invest up to $10 million in companies generating $5 to $25 million in revenue. Specific areas of interest include food, beverages, nutrition/wellness, personal care, household products, animal care, green living, education, and e-commerce. Sherbrooke Capital Partners was formed in 1999 and is based in Wellesley, Massachusetts.

DEAL STATS #
Overall 5 of 9
Sector (Consumer Products) 1 of 1
Type (Add-on Acquisition) 4 of 7
State (Maine) 1 of 1
Country (United States) 5 of 9
Year (2012) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-05-01 Angie’s Artisan Treats

Mankato, Minnesota, United States

Angie’s Artisan Treats LLC (dba Angie’s Kettle Corn) is an outdoor vendor operation selling Angie’s classic Sweet & Salty Kettle Corn recipe. Today, Angie’s has increased in sales and popularity, having grown into a national player with a strong consumer following. Angie’s lineup of great-tasting products includes flavors such as Boomchickapop™ Sea Salt, Sweet & Salty, Lightly Sweet, White Cheddar and Caramel & Cheddar Mix, as well as new innovations such as Salted Caramel and Sweet & Spicy Kettle Corn.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-02-29 FoodShouldTasteGood

Needham Heights, Massachusetts, United States

FoodShouldTasteGood, Inc. manufactures food products like chips. All chip varieties are gluten free, cholesterol free, and have no trans fats. The chips combine the crunchiness of a chip, the crispiness of a cracker, and the dippability of a tortilla chip.

Sell -
Mergr

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