Investment Summary

LoneTree Capital Invests In Synergy Pet Group

On May 4, 2023, private equity firm LoneTree Capital invested in consumer services company Synergy Pet Group

Investment Highlights
  • This is LoneTree Capital’s 1st transaction in the Consumer Services sector.
  • This is LoneTree Capital’s 6th transaction in the United States.
  • This is LoneTree Capital’s 1st transaction in New Jersey.

Investment Summary

Date 2023-05-04
Target Synergy Pet Group
Sector Consumer Services
Investor(s) LoneTree Capital
Deal Type Growth Capital
Advisor(s) Brown Rudnick (Legal)

Target

Synergy Pet Group

Lakewood, New Jersey, United States
Synergy Pet Group is a veterinary care/pet prescription discount plan in North America and also offers pet insurance and veterinary software. Synergy Pet Group was founded in 1995 and is based in Lakewood, New Jersey.

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Investor(S) 1

DESCRIPTION

LoneTree is a growth-focused private capital firm that provides operational and M&A support alongside flexible capital to accelerate revenue growth. The Firm looks to commit $10 to $75 million in business generating $5 to $30 million in revenue. LoneTree Capital's areas of interest include software, digital infrastructure, healthcare IT services, business, and consumer services, and financial technology/specialty finance. LoneTree Capital was founded in 2021 and is based in New York City.


DEAL STATS #
Overall 6 of 10
Sector: Consumer Services M&A 1 of 1
Type: Growth Capital M&A Deals 4 of 7
State: New Jersey M&A 1 of 1
Country: United States M&A 6 of 10
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-26 OneReach

Denver, Colorado, United States

OneReach is a software company created to democratize digital communications and machine learning. The Company’s Communication Studio G2 platform is a Gartner Magic Quadrant leader in conversational AI that provides a powerful, flexible, and trusted microservices-based conversational AI platform, targeted at enterprise implementations. OneReach was founded in 2013 and is based in Denver, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-20 DocuPhase

Clearwater, Florida, United States

DocuPhase is a SaaS business that provides market-leading enterprise automation platform solutions that improve the efficiency of enterprise operations. DocuPhase was founded in 2000 and is based in Clearwater, Florida.

Sell -