Berkshire Partners has invested in VetStrategy and Groupe Daubigny, a Woodbridge, Ontario-based operator of veterinary clinics and hospitals. No financial terms were disclosed. Established in 2006, VetStrategy acquires ownership of animal clinics and hospitals across Canada and helps to manage practices.
Woodbridge, ON, July 28, 2020 – VetStrategy and Groupe Daubigny, Canada’s leading and largest operator of veterinary clinics, today announced an investment from Berkshire Partners. The transaction is expected to close on July 31, 2020.
“This partnership is an exciting opportunity for our company. It will give us the ability to further invest in our exceptional network of clinics across Canada and provide us with flexibility to continue to grow through acquisition for years to come.” said Orin Litman, CEO of VetStrategy. “I’m extremely proud of how this business has evolved over the past 15 years and I look forward to leading our continued growth for many years to come.”
The current investment from Berkshire Partners is the largest in a series of financings that have backed VetStrategy’s growth since 2013, helping it to keep up with demand in the Canadian market and expand its support services.
“We partner with growth-oriented companies with strong management teams committed to building the business in the future,” said Chris Hadley, Managing Director, Berkshire Partners. “We are backing a great team at VetStrategy and are excited to partner with Orin, his executive team, and Quebec partners, all of whom will remain owners of the business. We believe in VetStrategy’s current vision for growth and their core beliefs that put patients, clients, and people first.”
Berkshire Partners is an investment firm with a long history of partnering with Canadian companies, including Aritzia, Farm Boy and Husky.
VetStrategy along with Groupe Daubigny is a Canadian company that facilitates the acquisition of veterinary clinics, and the forging of partnerships with veterinarians across Canada based on our core beliefs – patient care, client service and our people.