M&A Deal Summary

Rarebreed Acquires Vet’s Best Friend

On June 30, 2022, Rarebreed acquired business services company Vet’s Best Friend from Revelstoke Capital Partners

Acquisition Highlights
  • This is Rarebreed’s 1st transaction in the Business Services sector.
  • This is Rarebreed’s 2nd transaction in the United States.
  • This is Rarebreed’s 1st transaction in Massachusetts.

M&A Deal Summary

Date 2022-06-30
Target Vet’s Best Friend
Sector Business Services
Buyer(s) Rarebreed
Sellers(s) Revelstoke Capital Partners
Deal Type Add-on Acquisition

Target

Vet’s Best Friend

Waltham, Massachusetts, United States
Vet’s Best Friend owns and operates a portfolio of general practice veterinary clinics across seven states in the Northeast. Vet’s Best Friend was founded in 2019 and is based in Waltham, Massachusetts.

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Buyer(S) 1

Buyer

Rarebreed

Portland, Maine, United States

Category Company
Founded 2018
Sector Consumer Services
DESCRIPTION

Rarebreed is a network of veterinary hospitals that partners with practices to provide medical, operational, and business support, helping veterinarians focus on delivering quality pet care. Rarebreed was founded in 2018 and is based in Portland, Maine.


DEAL STATS #
Overall 2 of 2
Sector: Business Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
State: Massachusetts M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-05 Maine Veterinary Medical Center

Scarborough, Maine, United States

Maine Veterinary Medical Center is a specialty/referral hospital offering advanced medical care for pets, including neurology, internal medicine, oncology, ophthalmology, surgery, rehabilitation, emergency care, and critical care.

Buy -

Seller(S) 1

SELLER

Revelstoke Capital Partners

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2013
PE ASSETS 5.6B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Revelstoke Capital Partners is a private equity firm focused on acquiring and building industry leading companies. For platform acquisitions, Revelstoke seeks profitable companies (> $5 million) and looks to commit $10 to $250 million per transaction. The Firm will consider majority and minority positions and seeks situations where companies have opportunities for growth, either organically or through add-ons. Targeted industries include healthcare services, transportation, logistics, specialty distribution, business services, and insurance. Revelstoke Capital Partners was formed in 2013 and is based in Denver, Colorado.


DEAL STATS #
Overall 7 of 7
Sector: Business Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 4 of 4
State: Massachusetts M&A 2 of 2
Country: United States M&A 7 of 7
Year: 2022 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-18 HealthAxis

Tampa, Florida, United States

HealthAxis is a provider of modern Core Administrative Processing Solutions and related software and services to healthcare payors. We offer our clients scalable and flexible solutions for their most complex challenges. Its next-generation enterprise solution suite, HxOne, is a comprehensive healthcare management solution that combines our HxPro, core benefits administration software platform, HxLogic, data-driven analytics tools, and HxOps, tech-enabled business process outsourcing capabilities under one unified offering. HealthAxis was founded in 1965 and is based in Tampa, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-29 Monte Nido

Miami, Florida, United States

Monte Nido is a provider of treatment for eating disorders and exercise addiction to adults and adolescents. Monte Nido Holdings was founded in 1996 and is based in Miami, Florida.

Buy -