Long Island Veterinary Specialists, a portfolio company of Susquehanna Private Capital, has partnered with Compassion-First Pet Hospitals, a portfolio company of JAB Holding Co.
April 30, 2020
Long Island Veterinary Specialists (“LIVS” or “the Company”), a leading veterinary specialty hospital in the Northeast United States, has partnered with Compassion-First Pet Hospitals. Cain Brothers, a division of KeyBanc Capital Markets (“Cain Brothers”), served as LIVS’ exclusive financial advisor in connection with the transaction.
Founded in 1998, Long Island Veterinary Specialists is a 24-hour emergency, trauma and specialty care veterinary hospital internationally recognized for its innovative procedures and research. LIVS provides a wide variety of services, including surgery, ophthalmology, emergency, neurology, and oncology. The Company primarily serves animals in New York and New Jersey, but also receives referrals from across the U.S and internationally.
Susquehanna Private Capital (“SPC”), funded by the founders of Susquehanna International Group – one of the world’s largest privately-held financial services firms – was founded in 2016. With a flexible capital structure, SPC empowers founders, entrepreneurs and operators to build businesses with enduring value. SPC targets U.S. businesses in the franchise services, healthcare services or industrial technologies with $3 million to $15 million in EBITDA.
Compassion-First Pet Hospitals (“Compassion-First”), founded in 2014, is a family of well-known and respected specialty, emergency, and general practice veterinary hospitals in the U.S. that are at the forefront advancement in specialty medicine. Compassion-First’s mission is to provide world-class veterinary care at the hometown level. Headquartered in Tinton Falls, NJ, Compassion-First is one of the largest and fastest-growing veterinary networks in the country with 43 hospitals across 12 states.