Destination Pet LLC
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Destination Pet LLC - overview
Established
2016
Location
Highlands Ranch, CO, US
Primary Industry
Consumer Products
About
Destination Pet LLC is a US-based company focused on enhancing pet health and wellness through a diverse array of veterinary services and pet care solutions, ensuring the well-being of pets and their owners. Founded in 2016 and headquartered in Highlands Ranch, US, Destination Pet LLC specializes in comprehensive pet care services. The company was involved in a significant acquisition in October 2019 when LetterOne agreed to acquire Destination Pet from The Firmament Group. The firm has conducted a total of 3 deals, with its most recent funding round being a GROWTH round that raised USD 30.
00 mn in 2019, led by The Firmament Group and Opus Equity Partners. Jennifer Fowler is the current CEO, and the founder is Thomas Wille. Destination Pet offers a wide range of services that promote total pet health care through its Connected Care approach. These services include veterinary care, pet resort operations, and wellness programs designed to improve the quality of life for pets and provide reassurance to their owners.
The offerings encompass routine health check-ups, emergency services, grooming, and behavioral training, addressing the varied needs of pet owners. Destination Pet operates a national client network across urban and suburban areas, ensuring accessibility to its services for a broad demographic of pet families. Revenue for Destination Pet is primarily generated from service transactions related to its veterinary and pet resort offerings. The company operates on a direct-to-consumer model, allowing pet owners to schedule services such as veterinary consultations, grooming, and boarding directly.
Additionally, partnerships with pet product retailers may supplement revenue through the sale of health and wellness products. The firm emphasizes transparency in pricing, with clients paying for services at the time of provision, thereby effectively capturing a substantial share of the pet care market. Following the acquisition by LetterOne in October 2019, Destination Pet LLC aims to expand its service platform within the US and enter the European market. The recent funding of USD 30.
00 mn will support these initiatives to grow their offerings and geographic reach, with specific plans for new product launches and market expansions expected in the coming years.
Current Investors
Opus Equity Partners, The Firmament Group
Primary Industry
Consumer Products
Sub Industries
Pet Products, Healthcare
Website
www.destination.pet/
Company Stage
Mature - Growth Capital
Total Amount Raised
Subscriber access only
Destination Pet LLC - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Roscoe’s Bed + Bark | - | ||||||||
| Add-on | Completed | Pet Palace Pet Boarding Resort | - | ||||||||
| N/A | Completed | 779 Peninsula Boulevard | - | ||||||||
| N/A | Completed | 435 South Main Street | - | ||||||||
| N/A | Completed | 8827 US-377 | - |
Displaying 1 - 5 of 8
Destination Pet LLC - employee data
Destination Pet LLC - key contacts
| Name | Position | Start Date | End Date | Vcard | Bio | ||
|---|---|---|---|---|---|---|---|
| Investor and Board member | BM |
BM Board Member
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