Nutri-Vet, LLC

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Nutri-Vet, LLC - overview

Established

1998

Location

Boise, ID, US

Primary Industry

Retail

About

Nutri-Vet, LLC develops veterinarian-formulated supplements for pets, focusing on quality ingredients that support health and wellness for dogs and cats. Founded in 1998 and headquartered in Boise, US, Nutri-Vet, LLC specializes in high-quality pet health supplements. The company was acquired on December 11, 2011, by Manna Pro Products, LLC, a portfolio company of Carlyle Group, from Imperial Capital Group and Petra Pet, Inc. Nutri-Vet® specializes in veterinarian-formulated supplements for dogs and cats, focusing on high-quality, effective ingredients without unnecessary fillers.


Their core product offerings include functional biscuits, vitamins, soft chews, and dental care products that cater to various health needs, such as joint support, skin and coat health, digestion, and overall wellness. Released at different times to cater to specific pet health concerns, Nutri-Vet's products are designed to improve mobility, agility, and quality of life for pets. The end users of these products primarily consist of pet owners who are seeking reliable, effective health solutions for their furry companions. Nutri-Vet's products are distributed across multiple geographical markets, including the United States, Canada, and select international markets, making them accessible to a broad range of pet owners and veterinary clinics.


Nutri-Vet derives its revenue primarily through direct-to-consumer sales and partnerships with retailers and wholesalers. Their transactional model involves selling products such as their flagship Functional Biscuits with Glucosamine and other wellness supplements through various channels, including pet specialty stores, veterinary clinics, and online platforms. Customers typically purchase products on a one-time basis, although there may be opportunities for repeat purchases as pet owners maintain their pets' health with ongoing supplement needs. Nutri-Vet's diverse product range, including offerings like Senior-Vite Dog Vitamins and Shed-Defense Soft Chews, caters to a wide array of health issues, allowing for a comprehensive approach to pet wellness.


Specific pricing details for these products are structured to provide affordability while ensuring high-quality ingredients. Nutri-Vet plans to expand its product line with new veterinary-formulated supplements, aiming for a release in the coming year. The company is also targeting expansion into additional international markets by the end of 2024. The recent acquisition by Manna Pro Products, LLC, will support these initiatives through enhanced operational resources and distribution capabilities.


Current Investors

Carlyle Group, Manna Pro Products, LLC

Primary Industry

Retail

Sub Industries

Pet Products, Biomaterials

Website

www.nutri-vet.com

Verticals

Manufacturing

Company Stage

Add-on

Total Amount Raised

Subscriber access only

Nutri-Vet, LLC - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-on, Trade SaleCompletedNutri-Vet, LLC-
Add-onCompletedNutri-Vet, LLC-

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