Capital provided by PCM will support P3’s expansion across Canada to complement its existing network of practices in British Columbia, Alberta and Ontario and to further strengthen its back office, marketing, and operational capabilities for its practice partners. Terms of the transaction were not disclosed.
Founded in Oakville, Ontario in 2015, P3 Veterinary Partners is an innovative and differentiated Canadian-based veterinary practice group. The company serves its veterinary partners and offers a variety of partnership and exit strategies to practice owners who are looking for a change and care about their work and legacy.
Leading up to this transaction, P3 was raising its third round of long-term capital to support its growth strategy. “Having the right capital partners is incredibly important when building an organization. Drive, experience, patience and a thoughtful, collaborative approach are some of the things we have seen in the team at PCM and we’re thrilled with the partnership we have started with them” said Bruce Campbell, Managing Director and CEO at P3. “In addition, the PCM team brings deep sector expertise, having previously invested in one of the largest networks of veterinary clinics in the United States.”