SAN FRANCISCO and IRVINE, Calif., January 6, 2022 / PRNewswire / – Percheron Capital (“Percheron”), a private equity firm focused on partnering with high quality essential service companies, today announced the acquisition of a controlling stake in Animal Dermatology Group , Inc. (“ADG”), the largest group of veterinary dermatologists in the United States As part of the transaction, ADG’s management team will continue to lead the company and the founders and veterinarians of ‘ADG will retain a significant stake in the business.
Along with this investment, ADG completed the acquisition of Animal Dermatology and Allergy Specialists (“ADAS”), a leading veterinary dermatology firm founded by Dr. Andrew Rosenberg, DACVD, at the service of New York Metropolitan area. With this addition, ADG’s specialist veterinary dermatology services now expand to 12 states across the country. Financial terms of the transactions were not disclosed.
ADG was founded in 1980 with a mission to provide the highest quality veterinary dermatological care to pet owners everywhere. The company has since grown into the largest U.S. group of veterinary dermatology specialists engaged in the diagnosis and treatment of acute and chronic skin conditions in companion animals, with more than 40 primary and satellite sites in the United States and the United States. foreigner. ADG also operates the largest American College of Veterinary Dermatology (ACVD) qualified dermatology residency training program in the United States, supporting the development of future dermatologists through comprehensive training and research. The company expects to build on its momentum and significant growth over the next several years, as the growing demand for high-quality veterinary dermatology services increases along with favorable industry winds, including increasing demand. number of pet owners.
Chris collins, co-founder and CEO of Percheron, commented: “We are delighted to partner with ADG to continue to develop the largest veterinary dermatology group in the country. There is a significant demand among pet owners for specialized skin care and ADG has built a network of the industry’s leading dermatologists to meet this need. We look forward to supporting ADG’s talented team as they continue to grow, innovate and provide the highest quality pet care across the country.
Dr. Craig griffin, ADG Co-Founder, said, “We founded ADG with a mission to make cutting-edge veterinary dermatology available to pet owners everywhere. We believe that we are at a natural inflection point in our history of growth, and this partnership with Percheron Capital allows us to take ADG to the next level and bring our innovative services to new and existing markets in order to support and caring for more pets and pet owners. ”
Dr. Wayne Rosenkrantz, co-founder of ADG, added, “We are incredibly proud of our team of physicians and ADG support staff for their commitment to medical excellence, innovation and expansion that make us a leader in veterinary dermatology. – markets in demand, such as the North East through our recent acquisition of ADAS, we are delighted to have a leading partner in Percheron Capital who shares our vision for growth and our commitment to excellent service.
Steven mrha, Chairman and CEO of ADG, said: “As we envision the next chapter in ADG’s evolution, we can’t think of a better partner than Percheron Capital. Their support and resources will allow us to continue to invest in our best physicians, support staff and cutting edge residency program, and accelerate our expansion organically and through acquisitions. “
About Percheron Capital
Percheron Capital is a private equity firm focused on partnering with exceptional teams to build market-leading service companies. The firm’s goal is to help high-quality companies accelerate their growth and increase their long-term value. Percheron manages more $ 850 million committed capital and focuses on investing in strong service companies in resilient end markets including animal health, automotive, education, food and beverage, health and wellness and the residential. For more information, please visit www.percheroncapital.com.
About the Animal Dermatology Group
Animal Dermatology Group (“ADG”) is the largest veterinary dermatology company in the United States, providing the highest quality care to pets with acute and chronic skin conditions. ADG has more than 40 primary and satellite sites where its veterinary dermatology specialists are actively involved in the provision of clinical care, research and academic training. For more information, please visit www.animaldermatology.com.
Woomi yun / Erik Carlson
Joële frank, Wilkinson Brimmer Katcher
SOURCE Percheron Capital