- TM Capital served as exclusive financial advisor to VIP Petcare (“VIP”) in its sale to PetIQ, Inc. (NasdaqGS:PETQ) for approximately $230 million in cash, stock and notes
- VIP is a nationwide provider of veterinary wellness services through more than 2,900 community clinics hosted at local pet retailers, and also distributes pet wellness products
- PetIQ, a distributor and manufacturer of pet medications, is the leading seller to the retail channel of pet products that were previously available for purchase primarily from veterinary clinics
- The transaction will enhance PetIQ’s current product offering with complementary veterinary services, substantially expanding the company’s addressable market
Client Testimonial
My partner and I founded VIP over 20 years ago, and have remained focused on building our business. We recognized that negotiating a merger, particularly with a publicly traded company, required significant additional expertise. TM Capital provided both critical skills and deep industry knowledge. Their expertise in structuring complex, public transactions to create a “win” for both parties was key to achieving a transformative outcome for our team and the pet sector."Will Santana, Co-Founder & CEO, VIP Petcare
