Peloton Capital Management has made an investment in Oakville, Ontario-based P3 Veterinary Partners, one of Canada’s largest network of veterinary practices. No financial terms were disclosed. CCC Investment Banking was financial adviser to P3 on the transaction.
TORONTO – January 10, 2020 – Peloton Capital Management (PCM) today announced that it has made a significant investment in P3 Veterinary Partners (P3), one of Canada’s largest networks of veterinary practices. Capital provided by PCM will support P3’s expansion across Canada to complement its existing network of practices in British Columbia, Alberta and Ontario and to further strengthen its back office, marketing, and operational capabilities for its practice partners. Terms of the transaction were not disclosed.
Founded in Oakville, Ontario in 2015, P3 Veterinary Partners is an innovative and differentiated Canadian-based veterinary practice group. The company serves its veterinary partners and offers a variety of partnership and exit strategies to practice owners who are looking for a change and care about their work and legacy.
“P3 is the second investment in PCM’s inaugural fund and we are very excited about partnering with the company’s management team and by the opportunities and solutions they bring to veterinarians.” said Steve Faraone, Managing Partner at PCM. “An investment in P3 is consistent with our strategy of investing in businesses with compelling long-term growth opportunities in attractive markets. It also highlights the tremendous progress we have made since our launch in early 2019 and further establishes PCM as an active player in the market with a differentiated value proposition.”
Leading up to this transaction, P3 was raising its third round of long-term capital to support its growth strategy. “Having the right capital partners is incredibly important when building an organization. Drive, experience, patience and a thoughtful, collaborative approach are some of the things we have seen in the team at PCM and we’re thrilled with the partnership we have started with them” said Bruce Campbell, Managing Director and CEO at P3. “In addition, the PCM team brings deep sector expertise, having previously invested in one of the largest networks of veterinary clinics in the United States.”
CCC Investment Banking acted as exclusive financial advisor to P3 on the transaction.
About P3 Veterinary Partners
P3 is a Canadian veterinary practice group whose mission is to empower veterinary teams to live their passion and focus on unparalleled care for pets and the people who love them. Through its group of hospitals, P3 strives to be the best place to work in veterinary health care. For more information please visit: www.p3vetpartners.ca.
About Peloton Capital Management
Peloton Capital Management is a private equity firm that utilizes a long-term investment philosophy and sector-focused strategy to partner with founders and management teams to help build exceptional businesses and create attractive returns for our investors. PCM focuses on North American businesses in the Healthcare Services, Financial Services and Consumer Products & Services sectors. Headquartered in Toronto, Canada, PCM was founded and is led by a team with extensive private equity experience. For more information please visit: www.pelotoncapitalmanagement.com.