M&A Deal Summary

VCA Acquires BrightHeart Veterinary Centers

On July 10, 2011, VCA acquired consumer services company BrightHeart Veterinary Centers from Caltius Structured Capital and LLR Partners for 50M USD

Acquisition Highlights
  • This is VCA’s 3rd transaction in the Consumer Services sector.
  • This is VCA’s 5th largest (disclosed) transaction.
  • This is VCA’s 7th transaction in the United States.
  • This is VCA’s 1st transaction in New York.

M&A Deal Summary

Date 2011-07-10
Target BrightHeart Veterinary Centers
Sector Consumer Services
Buyer(s) VCA
Sellers(s) Caltius Structured Capital
LLR Partners
Deal Type Add-on Acquisition
Deal Value 50M USD

Target

BrightHeart Veterinary Centers

Armonk, New York, United States
BrightHeart Veterinary Centers is a national network of advanced-care specialty/emergency veterinary hospitals across the U.S. and Canada.

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Buyer(S) 1

Buyer

VCA

Los Angeles, California, United States

Category Company
Founded 1986
Sector Consumer Services
Employees11,500
Revenue 2.1B USD (2015)
DESCRIPTION
VCA's corporate headquarters in Los Angeles, California.
VCA's corporate headquarters in Los Angeles, California.

VCA, Inc. is an animal healthcare company operating in the United States and Canada. VCA provides veterinary services and diagnostic testing to support veterinary care, sells diagnostic imaging equipment and other medical technology products and related services to the veterinary market and provide various communication, marketing solutions and other services to the veterinary community. VCA provides pharmaceutical products and performs a variety of pet wellness programs including health examinations, diagnostic testing, routine vaccinations, spaying, neutering and dental care. VCA, Inc. was formed in 1986 and is based in Los Angeles, California.


DEAL STATS #
Overall 7 of 8
Sector (Consumer Services) 3 of 3
Type (Add-on Acquisition) 5 of 6
State (New York) 1 of 1
Country (United States) 7 of 8
Year (2011) 2 of 2
Size (of disclosed) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-10 Vetstreet

Yardley, Pennsylvania, United States

Vetstreet is a software as a service (SaaS) provider of marketing solutions and health information analytics to veterinary practices and animal health product manufacturers. Vetstreet was formed in 2000 and is based in Yardley, Pennsylvania.

Buy $146M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-12 Vetstreet

Yardley, Pennsylvania, United States

Vetstreet is a software as a service (SaaS) provider of marketing solutions and health information analytics to veterinary practices and animal health product manufacturers. Vetstreet was formed in 2000 and is based in Yardley, Pennsylvania.

Sell -

Seller(S) 2

SELLER

Caltius Structured Capital

Los Angeles, California, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1997
PE ASSETS 1.4B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Caltius Structured Capital is an investment firm focused on providing junior debt and minority equity to lower middle-market companies throughout North America. The Firm looks to invest between $7 to $50 million in companies with revenues of $15 to $250 million. The Firm pursues a variety of transaction types, including management buyouts, growth financings, and acquisition financings. Sectors of interest include business services, consumer products/services, healthcare services, manufacturing, tech-enabled services, and staffing. Caltius Structured Capital was formed in 1997 and is based in Los Angeles, California.


DEAL STATS #
Overall 14 of 32
Sector (Consumer Services) 2 of 2
Type (Add-on Acquisition) 5 of 10
State (New York) 2 of 2
Country (United States) 14 of 32
Year (2011) 3 of 3
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-05-01 Dickinson Frozen Foods

Eagle, Idaho, United States

Dickinson Frozen Foods, Inc. is a provider of frozen roasted potatoes, onions and vegetable blends to large industrial food processors and food service companies.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-01 Radiant Logistics

Renton, Washington, United States

Radiant Logistics is a non-asset-based transportation and logistics company providing domestic and international freight forwarding services. Radiant Logistics was founded in 2001 and is based in Renton, Washington.

Buy -
SELLER

LLR Partners

Philadelphia, Pennsylvania, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 6.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

LLR is a private equity firm that makes growth capital, buyout, and recapitalization investments in mid-sized growth companies with sustainable competitive advantages. LLR looks to invest $30 to $150 million per transaction and will consider both control and minority situations. Target companies generally have at least $10 million in annual sales and are valued up to $250 million. Broad industry sectors of interest include general business services, financial services, healthcare services, education, manufacturing, consumer/retail and information technology/software. LLR will consider investments throughout the US with an emphasis on opportunities located in the Eastern and Mid-Atlantic regions of the US. LLR Partners was formed in 1999 and is based in Philadelphia, Pennsylvania.


DEAL STATS #
Overall 17 of 76
Sector (Consumer Services) 1 of 1
Type (Add-on Acquisition) 11 of 47
State (New York) 3 of 5
Country (United States) 17 of 75
Year (2011) 2 of 5
Size (of disclosed) 13 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-07 CyberShift

Parsippany, New Jersey, United States

CyberShift, Inc. is a provider of workforce management software solutions to Fortune 1000 companies.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-13 Peachtree Settlement Funding

Radnor, Pennsylvania, United States

Peachtree Settlement Funding, LLC is a specialty finance company that purchases structured legal settlements and other payment streams to provide tax-efficient liquidity to consumers.

Sell -