July 2019

Stonehenge Partners Exits Investment in MedVet Through Recapitalization

MedVet

September 2019:  Stonehenge Partners (“Stonehenge”), a private equity firm based in Columbus, Ohio, is pleased to announce the recapitalization of MedVet Associates (“MedVet” or the “Company”). The recapitalization is Stonehenge’s eighth investment realization from Stonehenge Opportunity Fund III. Terms of the transaction were not disclosed. Stonehenge initially invested in MedVet in 2013 and supported the Company’s growth with a follow-on investment in 2015.   

Based in Columbus, Ohio, MedVet is a growing nationwide network of specialty and emergency veterinary hospitals committed to delivering the highest quality, most compassionate specialty and emergency veterinary care available in the nation. More than two thousand team members, working in 24 locations throughout the Midwest, Gulf Coast, Texas, and Western United States, help to advance MedVet’s mission of Leading Specialty Healthcare for Pets. Through this effort, MedVet serves more than 250 thousand pets and their families and over seven thousand referral partners each year. 

Stonehenge Managing Partner, Pete Davies, served on MedVet’s board of directors, providing strategic oversight of the Company during Stonehenge’s investment period. “It was Stonehenge Partners’ privilege to back the management team’s vision to execute a national expansion of its unique specialty and emergency veterinary services platform,” states Pete Davies. “This highly successful outcome is a testament to the management team’s deep experience and ability to drive organic growth as well as assimilate a number of strategic acquisitions. We are grateful for the opportunity to have supported this team over the last six years, and we wish MedVet the best as they continue to expand into new geographic markets.”  

If you have information regarding new investment opportunities, or strategic acquisitions for our portfolio companies, please contact one of the members of our team.   

Investment Parameters

$1 billion of private capital under management

Flexibility to invest equity, debt, or any combination

Control or minority ownership equity investments

$5 to $50 million targeted investment range

Buyouts, recapitalizations & growth capital

Manufacturing, distribution, healthcare & business services

Stonehenge Investment Team

Andrew Bohutinsky, Managing Partner

Pete Davies, Managing Partner

Bob Eversole, Managing Partner

Tom Utgard, Managing Partner

Mike Arguelles, Managing Director

Keith Bishop, Managing Director

Sean Dunn, Director

Nathan McGill, Director

Marc Elberson, Senior Associate

Patrick Shevelson, Senior Associate

Steven Briggs, Associate

About Stonehenge

We are a private equity firm partnering with management teams to grow companies. We have a 25+ year history and over $1.4 billion of capital commitments