CHICAGO--(BUSINESS WIRE)--Partners Group, the global private markets investment manager, has agreed to make a significant equity investment on behalf of its clients in Blue River PetCare ("Blue River" or "the Company"), a US-based operator of veterinary hospitals for companion animals. Blue River’s founders will continue to hold a sizeable equity stake following the transaction.
Founded in 2009 and headquartered in Chicago, Illinois, Blue River is a leading operator of veterinary hospitals caring for household pets, managing a network of over 90 general practice hospitals and 300+ veterinarians across 23 states in the US. Blue River's unique operational model allows for high-levels of clinical autonomy.
Following the investment, Partners Group will work closely with Blue River's management team, led by CEO Dan Blumenthal, on strategic initiatives to support ongoing organic and acquisitive growth. Key areas of focus for these initiatives will include implementing best-in-class customer engagement, continuing the emphasis on clinical excellence, and pursuing M&A partnership opportunities.
Dan Blumenthal, CEO, Blue River, notes: "Since its inception, Blue River has operated as a founder-run business, aiming to preserve the legacy that our veterinarians have worked so hard to establish in their communities and we are extremely proud of the unique culture we have built and of the great care that our hospitals provide to our patients and customers. We are very excited to be welcoming Partners Group as a value-added partner to our business and look forward to building on our reputation as an employer of choice for leading veterinarians across the US."
Chris Russell, Managing Director, Private Equity Directs Americas, Partners Group, states: "Blue River is a well-established brand in a resilient industry, supported by a highly-capable management team. The Company is uniquely positioned to capitalize on the attractive opportunity in the veterinary sector, which is highly-fragmented and benefits from favorable market tailwinds driving overall growth. We are excited to bring our experience and operational capabilities in partnership with Blue River's talented management team in order to create value and long-term growth for all stakeholders."
BofA Merrill Lynch acted as exclusive financial advisor to Blue River PetCare in connection with this investment.
About Blue River PetCare
Founded in 2009, Blue River is a multi-state owner and operator of high-quality veterinary hospitals, focusing primarily on general practice small companion animal medicine. Blue River seeks to acquire veterinary practices that have established businesses in their respective communities and enjoy a loyal following among pet owners.
About Partners Group
Partners Group is a global private markets investment management firm with USD 83 billion in investment programs under management in private equity, private real estate, private infrastructure and private debt. The firm manages a broad range of customized portfolios for an international clientele of institutional investors. Partners Group is headquartered in Zug, Switzerland and has offices in Denver, Houston, Toronto, New York, São Paulo, London, Guernsey, Paris, Luxembourg, Milan, Munich, Dubai, Mumbai, Singapore, Manila, Shanghai, Seoul, Tokyo and Sydney. The firm employs over 1,200 people and is listed on the SIX Swiss Exchange (symbol: PGHN) with a major ownership by its partners and employees.