The private equity firm announced the acquisition of Vetnique Labs to support the growth of the pet health and wellness brand.
Leading middle-market private equity firm Gryphon Investors has acquired Vetnique Labs, a pet health and wellness platform. Vetnique’s Founder and CEO, James Bascharon, will remain in his current role and maintain a significant stake in the business, partnering with Gryphon to expand the company’s product and geographic reach. Matt Ferry, Matt Farron, and Eddie Douglas will join Vetnique’s Board of Directors.
Vetnique Labs is known for specialty pet products, including supplements and topical solutions for digestive health, allergy and dermatological support, ear care, active lifestyle, and calming support. It retails through direct-to-consumer channels, pet specialty retail outlets, and veterinary distributors.
Gryphon Operating Partner Mike Ferry believes that Vetnique’s innovative products stand out in the market. He added, “Vetnique occupies a unique position in the $2 billion pet supplement market as a company with innovative products benefitting from compelling tailwinds.”
Eddie Douglas, Principal in Gryphon’s Consumer Group, expressed excitement about working with James and his outstanding team at Vetnique. “After many years of evaluating the overall pet space, we are excited to support Vetnique’s efforts to build the premier pet health and wellness platform. We are impressed with the business to date and are honored to welcome such a unique brand into the Gryphon family.”
Dr. Bascharon from Vetnique remarked, “We believe this investment will allow us to accelerate the incredible momentum we have built over the last few years.”
The deal marks Gryphon’s first investment in the pet products space and its second in the broader pet health and wellness ecosystem. In 2019, Gryphon invested in the veterinary support organization Heartland Veterinary Partners.
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