Heritage Vet Partners Acquires Muleshoe Veterinary Businesses with $25.9M Follow-On Investment from Main Street Capital
May 14, 2024
Main Street Capital Corporation made a $25.9 million first-lien senior secured follow-on loan to Nebraska Vet AcquireCo, LLC (dba Heritage Vet Partners) to support Heritage's acquisition of Muleshoe Animal Clinic, PLLC, Muleshoe Vet Labs, LLC and Muleshoe Vet Supply, LP in Muleshoe, Texas. Heritage, a West Point, Nebraska–headquartered platform focused on rural, mixed and large animal veterinary services, has used Main Street financing to execute an acquisition-driven growth strategy since Main Street's initial minority recapitalization in December 2020.
- Buyers
- Main Street Capital Corporation (NYSE: MAIN), Nebraska Vet AcquireCo, LLC (dba Heritage Vet Partners, P.C.)
- Targets
- Muleshoe Animal Clinic, PLLC, Muleshoe Vet Labs, LLC, Muleshoe Vet Supply, LP
- Platforms
- Heritage Vet Partners, P.C. (Nebraska Vet AcquireCo, LLC)
- Industry
- Healthcare Services
- Location
- Texas, United States
- Transaction Type
- Addon
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