M&A Deal Summary

VCA Acquires Pet DRx

On June 2, 2010, VCA acquired healthcare services company Pet DRx from HCAP Partners, St. Cloud Capital, Camden Partners and Galen Partners for 41M USD

Acquisition Highlights
  • This is VCA’s 3rd transaction in the Healthcare Services sector.
  • This is VCA’s 6th largest (disclosed) transaction.
  • This is VCA’s 5th transaction in the United States.
  • This is VCA’s 1st transaction in Tennessee.

M&A Deal Summary

Date 2010-06-02
Target Pet DRx
Sector Healthcare Services
Buyer(s) VCA
Sellers(s) HCAP Partners
St. Cloud Capital
Camden Partners
Galen Partners
Deal Type Add-on Acquisition
Deal Value 41M USD

Target

Pet DRx

Brentwood, Tennessee, United States
website
Pet DRx Corp. is a provider of primary and specialty veterinary care services to companion animals through a network of veterinary hospitals.

Search 177,729 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

VCA

Los Angeles, California, United States

website


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 5 of 8
Sector (Healthcare Services) 3 of 4
Type (Add-on Acquisition) 4 of 6
State (Tennessee) 1 of 1
Country (United States) 5 of 8
Year (2010) 2 of 2
Size (of disclosed) 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-04-01 Firehouse Animal Health Centers

Denver, Colorado, United States

Firehouse Animal Health Centers is a provider of veterinary care. The company's two animal hospitals in the Denver metropolitan use a unique service model that is both profitable and attractive to customers seeking superior medical care for their pets.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-10 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.

Buy $50M

Seller(S) 4

SELLER

HCAP Partners

San Diego, California, United States

Investor Investor Investor Investor Investor

website


Category Growth Capital Firm
Founded 2000
PE ASSETS 320M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Huntington Capital is a mezzanine finance firm that provides both debt and equity financing to established, lower middle-market companies throughout California and the Southwest US. The Firm targets growth companies with positive cash flow, diversified customers, defensible market positions, and experienced management. The Firm looks to invest $2 to $15 million in companies generating revenues of $10 to $100 million. Areas of interest include manufacturing, services, healthcare, software, homeland security, retail, and information technology. Prospective transaction situations include buyouts, acquisitions, recapitalizations, and growth capital financings. Huntington Capital was formed in 2000 and is based in San Diego, California.


DEAL STATS #
Overall 2 of 29
Sector (Healthcare Services) 1 of 5
Type (Add-on Acquisition) 1 of 14
State (Tennessee) 1 of 1
Country (United States) 2 of 29
Year (2010) 1 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-11-16 Web Products

Kansas City, Kansas, United States

Web Products, Inc. is a designer, manufacturer and distributor of a full line of furnace filters, air conditioning filters, air filters, allergy filters, and air filter accessories used to improve residential air quality and fragrance.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-06-04 Paragon Airheater Technologies

Mexico Beach, Florida, United States

Paragon Airheater Technologies is a manufacturer of seals and related parts for rotary, regenerative air heaters to improve the fuel efficiency of fossil fuel-fired power generation plants. Paragon Airheater Technologies was founded in 1967 and is based in Mexico Beach, Florida.

Buy -
SELLER

St. Cloud Capital

Los Angeles, California, United States

website


Category Private Equity Firm
Founded 2001
PE ASSETS 530M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

St. Cloud Capital is an investment firm that invests in lower middle-market private and public companies. The Firm provides both debt and equity capital financing. St. Cloud targets well-managed, undervalued companies with successful products or services, proven technologies, and market niches. It looks to invest $3 to $20 million per transaction in companies with revenue of $10 to $150 million. Prospective transactions types include recapitalizations, buyouts, and growth capital financing. St Cloud Capital was formed in 2001 and is based in Los Angeles, California.


DEAL STATS #
Overall 3 of 13
Sector (Healthcare Services) 1 of 2
Type (Add-on Acquisition) 1 of 5
State (Tennessee) 1 of 1
Country (United States) 3 of 13
Year (2010) 1 of 2
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-12-03 Tuff Shed

Denver, Colorado, United States

Tuff Shed, Inc. is a manufacturer and installer of wooden storage buildings, garages and larger building shells and is the most recognized brand in the industry.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-07-16 Earl Scheib

Sherman Oaks, California, United States

Earl Scheib Paint & Body is the world's largest company-owned and operated auto-painting and body repair service, painting more than 150,000 cars and trucks every year. Made famous in its early years by Earl's slogan, "I'll paint any car, any color for $29.95. No Ups! No Extras," the company has painted more than 10 million cars over its 72 years in business, and continues to adhere to Earl's original commitment of offering the greatest price in town on auto painting. A commitment they guarantee.

Sell -
SELLER

Camden Partners

Baltimore, Maryland, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1995
PE ASSETS 700M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Camden Partners is a private investment firm that specializes in direct company investments, investments in third-party funds, and investments in public small-cap companies. Camden's direct private equity practice targets equity investments up to $15 million in businesses operating in the business services, financial services, healthcare, and education sectors. Prospective companies generally have proven management, proprietary products or high barriers to entry, recurring revenue, and proven business models. Camden Partners was formed in 1995 and is based in Baltimore, Maryland.


DEAL STATS #
Overall 5 of 25
Sector (Healthcare Services) 1 of 2
Type (Add-on Acquisition) 2 of 13
State (Tennessee) 1 of 2
Country (United States) 5 of 24
Year (2010) 2 of 4
Size (of disclosed) 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-05-17 TradeBeam

San Mateo, California, United States

TradeBeam, Inc. is a Global Trade Management (GTM) software and services company providing on demand solutions that streamline global trading for enterprises and their partners.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-06-21 medSR

Brentwood, Tennessee, United States

medSR is a Healthcare Strategy and IT Consulting company that brings integrity, quality, and dependability when delivering outstanding services and value to Academic Institutions, Community Hospitals, Medical Practices, and Health Systems. Its services and solutions are evolving and adapting to fit the ever-changing landscape of the healthcare industry. medSR is based in Brentwood, Tennessee.

Buy -
SELLER

Galen Partners

Stamford, Connecticut, United States

Investor Investor Investor Investor Investor

website


Category Growth Capital Firm
Founded 1990
PE ASSETS 1.0B USD
Size Large
Type Sector Focused
DESCRIPTION

Galen Partners is a private equity firm that targets investments in the healthcare industry. Areas within healthcare that Galen will consider include medical devices & technology, specialty pharmaceuticals, and information technology/services. Galen typically invests between $10 and $30 million per transaction in companies with a proprietary product or service that have attained revenues above $10 million. Prospective transactions include growth equity investments, complete buyouts, family business or other recapitalizations, going-private transactions, roll-overs of a portion of existing equity, and management buyouts. Galen Partners was formed in 1990 and is based in Stamford, Connecticut.


DEAL STATS #
Overall 14 of 25
Sector (Healthcare Services) 5 of 8
Type (Add-on Acquisition) 13 of 21
State (Tennessee) 1 of 1
Country (United States) 14 of 25
Year (2010) 2 of 3
Size (of disclosed) 11 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-05-03 InTouch Health

Santa Barbara, California, United States

InTouch Health, Inc. is a provider of Acute Care Telemedicine (ACT) solutions for high-acuity applications. InTouch Health is based in Santa Barbara, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-11-08 CBLPath

Ocala, Florida, United States

CBLPath, Inc. is a physician‐owned medical practice providing surgical pathology and cytopathology services to eight hospitals and five referring physician group clients in Central and Southern Alabama.

Sell $124M