TSG Consumer Partners Acquires Majority Stake in Pathway Vet Alliance

May 20, 2023

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.

Buyers
TSG Consumer Partners
Targets
Pathway Vet Alliance LLC
Sellers
Investment funds managed by Morgan Stanley Capital Partners (MSCP)
Industry
Veterinary
Location
Texas, United States
Transaction Type
Buyout

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