Imperial Capital Acquires Nutri-Vet

Imperial Capital Group of Toronto, Ontario, Canada, reported today that it has acquired Nutri-Vet LLC, the owner of Nutri-Vet and Best Pet Health brands. Financial terms of the deal were not disclosed.

Based in Boise, Idaho, Nutri-Vet markets vitamin-supplements, joint-care, dental-care and other health-focused products for dogs, cats and equines. Its products are sold in the United States, Canada and Mexico.
 
Nutri-Vet will be combined with Petra Pet Inc., which owns the Beefeaters and PetraVet brands and is a portfolio company of Imperial Capital.

"Nutri-Vet brings a comprehensive pet-wellness product offering to Petra Pet that will enhance the existing business," said Dean Triandafellos, CEO of Petra Pet. "Additionally, Nutri-Vet's established presence in multiple sales channels will be invaluable to the combined business going forward." 
Imperial Capital has bought Nutri-Vet for an undisclosed sum.

Nutri-Vet operations will remain in Boise, and the Nutri-Vet brand will remain intact, said Phil Brown, DVM, who is staying on with the company as vice president of marketing.

Nutri-Vet president Charles Francis and vice president of sales Stephen Twohig will also remain in their current roles and as shareholders, Imperial Capital reported.
 
"From the beginning, Stephen and I really liked the combination of strategic and financial expertise demonstrated in the partnership between Petra Pet and Imperial Capital," Francis said. "We think this will be very beneficial for our customers and their pets and look forward to a bright future for the business."

Brian Mirsky, chairman of Petra Pet, said he is eager to work alongside the Nutri-Vet team and to continue to grow the company.

"Nutri-Vet's management team has demonstrated the skill required to build a successful brand and create new, innovative products that address gaps in the nutraceutical market," he said.