Healthcare Services, Consumer, Healthcare | Corporate Finance Advisory, Mergers & Acquisitions

VIP Petcare Acquired by PetIQ

  • 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

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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