Rarebreed Veterinary Partners Completes New Funding Round Led by Existing Investors Halle Capital Management and Trilantic North America

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PORTLAND, Maine – (COMMERCIAL THREAD) – Rarebreed Veterinary Partners (“Rarebreed” or the “Company”), a technology veterinary services platform, today announced the closing of a new round of funding, led by existing investors Halle Capital Management and Trilantic North America, both leading private equity firms. The investment will be used to support Rarebreed’s continued growth through the acquisition of additional veterinary hospitals and the improvement of the services it provides to healthcare teams within its network.

Rarebreed partners with veterinary clinics to provide the best tools and solutions that allow employees to focus on providing the highest quality patient care. Established in 2018, the company currently employs 800 people in 33 clinics in the Northeast, roughly doubling its footprint since the company’s previous fundraiser led by Trilantic North America in September 2020.

“At Rarebreed, we are passionate about taking care of the people who care for animals,” said Dan Espinal, CEO of Rarebreed Veterinary Partners. “We are delighted to announce this new round of funding, which will allow us to continue to offer an exceptional work experience to animal health professionals in our network, while expanding our platform to reach even more people who have dedicated their professional life in veterinary care. ”

“Our goal is to allow veterinary professionals to focus on their business at the top of their profession while Rarebreed does the rest,” said Sean Miller, COO of Rarebreed Veterinary Partners. “We believe this makes a significant difference not only for our patients, but also for the employees in our network. ”

Espinal and Miller retain significant stakes in the business and will continue to lead the company through its next phase of growth.

“Dan and Sean’s leadership has been instrumental in Rarebreed’s rapid growth over the past three years,” said JP Gutfreund, Managing Partner at Halle Capital Management. “We are excited to be a part of the company’s journey and look forward to supporting its continued expansion as it seeks to enhance the work experience of veterinary professionals across the country. ”

“The Rarebreed team continues to impress us with the execution of its strategy and the support of its partners in a high growth environment,” said Jamie Manges, partner at Trilantic North America.

“We are excited to support the team with additional capital to continue investing to meet the growing wave of demand for animal health services,” added Ted Rosenwasser, director at Trilantic North America.

Gunderson Dettmer Stough Villeneuve Franklin & Hachigian, LLP provided legal advice to Rarebreed in connection with the transaction.

About Rarebreed Veterinary Partners

Rarebreed Veterinary Partners is a thriving community of North East veterinary hospitals that values ​​healthcare teams and provides top quality medical and compassionate care for companion animals. Rarebreed creates exceptional work experiences, one partnership at a time, and believes that when healthcare teams thrive, economic and emotional well-being thrives. As a result, customers and pets get the veterinary experience they expect and deserve. Rarebreed’s goal is to become the employer of choice for those who dedicate their professional lives to veterinary care. Rarebreed achieves this through cutting-edge innovation and benefits, including share buyback, inordinate parental leave, pet medical benefits, and top-notch healthcare benefits. Rarebreed invests in business operations and a technology backend that provides in-depth analyzes of practices.

About Halle Capital Management

Halle Capital Management is a New York-based growth equity-focused investment firm that provides capital and strategic advice to companies in the healthcare, consumer and business services industries. We leverage our vast experience, strong professional network, collaborative spirit, and deep understanding of growth drivers to partner with mission-driven management teams. For more information, please visit www.hallecapital.com.

About Trilantic North America

Trilantic Capital Management LP (“Trilantic North America”) is a leading growth-oriented private equity firm focused on control and significant minority investments in North America. Trilantic North America focuses its investments in the business services, consumer and energy sectors. Trilantic North America has managed six families of private equity funds with total capital commitments of $ 9.7 billion. Trilantic North America was recognized by Inc. Magazine’s 2019 list of the 50 Best Founder-Friendly Private Equity Firms. For more information visit www.trilanticnorthamerica.com.

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