Press launch: Caitec
Caitec Inc., a portfolio firm of Fairchild Capital Companions, LLC, introduced its acquisition of VetPet Field, the one veterinarian-owned and operated pet subscription field in the marketplace. Based in 2016 and headquartered in Houston, Texas, VetPet Field is a subscription service that sends a month-to-month field of vet accepted toys, treats, wellness merchandise and pet care schooling supplies to canine and cat house owners all through North America. VetPet Field has a 5 star score on Fb and has acquired a 5 star score and several other Readers’ Alternative Awards from My Subscription Dependancy. VetPet Field is the one subscription field to sponsor and exhibit on the Texas A&M School of Veterinary Drugs’s Open Home — which helps educate kids and the general public on correct pet care.
“We’re excited to have VetPet Field be a part of our crew. This transaction permits Caitec to increase our present canine enterprise into the rising pet subscription field service channel,” stated Terry Gao, CEO of Caitec. “Caitec shares a typical purpose with VetPet Field – to offer prime quality merchandise that enrich the lives of pets and their mother and father. We’ll now have a veterinarian experience to boost our product growth throughout all of our product classes together with canine, fowl, small animal and cat.”
“Partnering with Caitec will permit VetPet Field to develop like by no means earlier than,” stated Stephanie Malmquist, DVM, founding father of VetPet Field. “Caitec’s breadth of product choices for canines and cats together with its advertising and sourcing capabilities make it an ideal match. We’re additionally trying ahead to working with Caitec on creating new merchandise that put pet care and enrichment at their core.”
Based in 1992, Caitec has been main the best way in pet product innovation by providing pet house owners a variety of high-quality, inexpensive pet merchandise. Caitec’s custom is creating Improvements in Pet Take care of a Higher Method of Life.
VetPet Field was based in 2016 by Stephanie Malmquist, DVM in Houston, Texas. VetPet Field is the one pet subscription field owned and operated by a veterinarian. Every product included within the field has been reviewed and hand chosen by the VetPet Field crew for security and efficacy. With VetPet Field pet mother and father may be assured they’re receiving the best high quality merchandise for his or her pets.
Fairchild Capital Companions, LLC is a Buffalo, New York-based non-public fairness agency centered on investing in corporations that function within the middle-market and decrease middle-market. Fairchild seeks to accomplice with corporations usually producing revenues between $5 million and $75 million led by robust, entrepreneurial administration groups, offering capital for acquisitions, administration buyouts, household transitions, property planning, recapitalizations, company divestitures and development and growth.