Announcing New Growth Investment from LoneTree Capital

Synergy Pet Group is thrilled to announce that we’ve secured a significant investment from LoneTree Capital, a growth-focused investment firm known for partnering with exceptional companies to support their continued expansion and development.

The minority growth investment comes as Synergy is poised to expand even further into the highly competitive pet insurance and pet benefits market.

“Over the past two decades, Synergy Pet Group has become a pioneer in our markets,” relates Charles Nebenzahl, CEO of Synergy. “We have differentiated ourselves with the largest veterinary network across North America, and offer a broader range of pet benefits than any of our competitors. LoneTree’s investment validates the hard work our team has put in to establish Synergy in our space."

With a hands-on approach and strong industry expertise, LoneTree Capital stands ready to assist Synergy in achieving their full potential through strategic investments and guidance. Synergy’s strength, market position, and incredible growth potential were key to securing the deal.

“Synergy Pet Group has emerged as a leader in its markets through consistently working to understand its customers’ unique needs and providing transformative solutions,” adds Matt Koven, Managing Partner at LoneTree. “Synergy has an excellent team, an excellent company culture, and are dedicated to revolutionizing the pet care industry with solutions that improve the entire pet care ecosystem. We are looking forward to supporting Synergy in the next chapter of their growth and evolution.”

Synergy Pet Group is dedicated to pushing the boundaries of the pet care industry to create an ecosystem that cultivates relationships between veterinarians, pets, and their families. With LoneTree’s growth investment, they will now be able to expand their extensive family of brands that encourage better pet care at affordable prices, improve veterinary practice experiences and profitability, and provide inclusive employee pet benefits for companies that care about every member of their employees’ families – including their beloved animal companions.

Mr. Nebenzahl added,

We chose LoneTree because of the firm’s sector expertise, flexible investment approach, and experience with helping companies accelerate their growth. They will be an invaluable ally as we roll out new offerings, build new business lines, and look for strategic add-ons to our current businesses.”