OPTrust acquires minority stake in Imperial Capital-backed AmeriVet
OPTrust has made a minority investment in AmeriVet Veterinary Partners, a San Antonio, Texas-based veterinary clinic management business. Terms weren't disclosed. AmeriVet is a portfolio company of Imperial Capital Group, a Canadian mid-market private equity firm. Imperial helped launch the company in 2016. AmeriVet acquires majority positions in U.S. veterinary practices and supports their operations. At present, it has interests in 33 practices in 15 states. The $20-billion OPTrust invests and manages Canada's OPSEU Pension Plan. Sandra Bosela, managing director and global head of private equity, said the investment will back further growth of the AmeriVet platform.
14 June 2019•3 mins read
