Freeman Spogli Invests in EverVet Partners; Tailwind Capital Remains Equal Partner

Varsity Healthcare Partners Acquires VetEvolve from Align Capital Partners

October 16, 2023

Veterinary

Varsity Healthcare Partners completed a strategic growth investment to acquire VetEvolve, a Richmond, Virginia-based multi-location veterinary care platform. The transaction was a sale by Align Capital Partners; VetEvolve operates 32+ clinics across the Mid-Atlantic and employs over 600 team members, and VHP will partner with management to expand the platform into new geographies.

Revelstoke Capital Partners Makes Growth Equity Investment in Vet's Best Friend

March 1, 2021

Veterinary

Revelstoke Capital Partners, a Denver-based private equity firm, completed a growth equity investment in Vet's Best Friend, a Waltham, Massachusetts-based operator of general practice veterinary clinics. The capital will provide liquidity to support VBF's expansion through acquisitions and de novo development across the Northeast.

Gryphon Investors Majority Recapitalizes Heartland Veterinary Partners

December 12, 2019

Veterinary

Gryphon Investors has made a majority recapitalization investment in Heartland Veterinary Partners, a Chicago-based veterinary support organization with nearly 100 practices and over 200 veterinarians. Tyree & D'Angelo Partners and Heartland management retain minority stakes; Varagon Capital Partners led financing for the transaction. Terms were not disclosed.

Tailwind Capital Invests in Valor Fleet Services

January 15, 2026

Trucking & Fleet

Tailwind Capital has made a control investment in Valor Fleet Services, a Leesburg, Virginia–based towing, recovery and roadside assistance platform operating roughly 14 locations. The partnership positions Tailwind to scale Valor through operational investment and add-on acquisitions in the highly fragmented towing and road services market; Full Guard Capital is the selling sponsor and Bruce Dressel will join Valor's board as Executive Chairman.

Freeman Spogli Acquires Majority Stake in VIO Med Spa

September 16, 2024

Healthcare Services

Freeman Spogli has made a majority investment in VIO Med Spa, a franchisor and operator of full-service med spas. VIO founders and management will remain significant minority investors and the incumbent executive team will continue to run the business as the company accelerates franchise growth and national expansion.

TSG Consumer Partners Acquires Majority Stake in Pathway Vet Alliance

May 20, 2023

Veterinary

TSG Consumer Partners has acquired a majority stake in Pathway Vet Alliance from investment funds managed by Morgan Stanley Capital Partners (MSCP); Pathway management will continue to lead the company and retain a significant minority interest. Pathway is a multi-site operator of more than 270 general practice, specialty and emergency veterinary hospitals and 86 THRIVE clinics in the United States, and also operates Veterinary Growth Partners, an MSO serving ~5,500 member hospitals.