Covetrus, Inc.

Covetrus, Inc.

Covetrus, Inc.

Overview
Headquarters

7 Custom House Street,Portland, ME 04101

Type of Company

Public

Employees (Worldwide)

5,000

Industries

Computer Software

Company Description

Covetrus, Inc. engages in developing technologies and services for animal health industry. It also provides products, software, and services to help drive improved patient health, strong client relationships, and successful financial outcomes for veterinary professionals. The company was founded on April 13, 2018 and is headquartered in Melville, NY.

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Executives & Employees

President & Chief Executive Officer

Chief Financial Officer

Senior Vice President, General Counsel & Secretary

Chief Administrative Officer

Executive Vice President & President, APAC & Emerging Markets

Executive Vice President

Executive Vice President & President, Europe & North America

Senior Vice President & Operational Chief Financial Officer

Senior Vice President & Chief Transformation Officer

Senior Vice President, Corporate Development

Board of Directors

Former Vice Chairman & Managing Partner of the New York at Ernst & Young LLP

President & Chief Executive Officer at Covetrus, Inc.

Executive Vice President, Chief Financial Officer, Member of the Board of Directors at Henry Schein, Inc.

Co-Founder at Direct Vet Marketing, Inc.

Partner at General Catalyst Partners LLC

Former Executive Vice President-Finance & Chief Financial Officer at Telephone & Data Systems, Inc.

Senior Advisor-Principal Investors & Private Equity at The Boston Consulting Group, Inc.

Former Vice Chair at Ernst & Young LLP

Partner at Clayton Dubilier & Rice LLC

Founder at Direct Vet Marketing, Inc.

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Covetrus, Inc.
Owners & Shareholders
Details Hidden

Founded in 1978, Clayton, Dubilier & Rice LLC is a private equity firm located in New York City. The firm is a subsidiary of Clayton Dubilier & Rice Holdings LP. Their investors include financial institutions, university endowments and corporate and public pension funds.

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Freshford Capital's equity strategy focuses on a broad range of equity investment styles, including growth, core, and value. The firm employs a fundamental value investment strategy in which they seek to invest in asset-oriented securities they believe are undervalued by the market. Freshford Capital also engages in a capital growth investment strategy in which they seek to invest in securities of a company whose earnings they expect to grow at an above-average rate as compared to the company's specific industry or the overall market. The firm utilizes a variety of financial instruments such as derivatives, options, interest rate swaps, futures and forward contracts for risk management purposes.To maintain flexibility and profit, they engage in short selling strategies as a form of hedging to offset potential declines in long positions in similar securities. In addition, Freshford Capital pursues relative value strategies by taking long positions in securities believed to be undervalued and short positions in securities believed to be overvalued. Their investment program may employ the use of leverage.

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HCA employs bottom-up analysis and fundamental proprietary research which seeks long-term, risk-adjusted returns through. The firm invests globally with a particular focus on companies or assets having substantial relations with Asia. As part of their bottom-up analysis, they performs both qualitative and quantitative assessments of potential investments with a particular focus on opportunities upon which it can gain insights and discover value in an ever-changing world. HCA generally focuses on publicly-listed (or similarly liquid) investment opportunities across multiple industries, but it may also participate in private (or otherwise less liquid) investment opportunities. The firm invests primarily in reasonably priced companies that provide substantial long-term growth prospects. Although HCA monitors macro-economic factors and market trends, they generally avoid market-timing strategies and focuses primarily on bottom-up opportunities. HCA focuses on understanding fundamental risks, uncovering long-term growth potential, and targeting industries that it understands and can monitor.

Recent Transactions
Details Hidden

Heska Corp. purchases Scil Animal Care Co. GmbH from Covetrus, Inc.

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Covetrus, Inc. raised money in a private placement transaction

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Direct Vet Marketing, Inc. purchases Henry Schein Animal Health from Henry Schein, Inc. resulting in a new company Covetrus, Inc.

Insider Transactions
Details Hidden
Transaction Advisors
Legal Advisor

Advised onHeska Corp. purchases Scil Animal Care Co. GmbH from Covetrus, Inc.

Investment Advisor

Advised onHeska Corp. purchases Scil Animal Care Co. GmbH from Covetrus, Inc.

Legal Advisor

Advised onHeska Corp. purchases Scil Animal Care Co. GmbH from Covetrus, Inc.

Legal Advisor

Advised onHeska Corp. purchases Scil Animal Care Co. GmbH from Covetrus, Inc.

Legal Advisor

Advised onHeska Corp. purchases Scil Animal Care Co. GmbH from Covetrus, Inc.

Advisors & Consultants
Advisor

Chief Financial Officer & Principal Accounting Officer at Staples, Inc.

Advisor

President at Red Oak Sourcing

Advisor

Global President, Henry Schein Veterinary Solutions at Henry Schein, Inc.

Key Stats and Financials As of 2018
Market Capitalization
$1.35B
Total Enterprise Value
Earnings Per Share
$0.91
Revenue
$3.78B
EBITDAMargin
5.55%
Total Debt
$24.2M
EBITDA
$210M
Net Profit
$101M
Total Equity
$1.59B
Three Year Compounded Annual Growth Rate Of Revenue
8.25%
Suppliers
Merck & Co., Inc. Medical Support Services | Kenilworth, NJ

Merck & Co., Inc. , d.b.a. Merck Sharp & Dohme, MSD outside the United States and Canada, is an American pharmaceutical company and is one of the largest pharmaceutical companies in the world.

Bayer AG Medical Support Services | Leverkusen, NW

Bayer is a global enterprise with core competencies in the fields of health care, agriculture and high-tech materials. As an innovation company, it sets trends in research-intensive areas. Bayer’s products and services are designed to benefit people and improve the quality of life. At the same time, the Group aims to create value through innovation, growth and high earning power. Bayer is committed to the principles of sustainable development and acts as a socially and ethically responsible corporate citizen. In fiscal year 2012, Bayer employed 110,500 people and had sales of €39.8 billion. Capital expenditures amounted to €2 billion, R&D expenses to €3 billion.

C.H. Boehringer Sohn AG & Co. KG Holding Companies | Ingelheim am Rhein, RP

C.H. Boehringer Sohn AG & Co. KG is a holding company, with interests in the manufacturing of pharmaceutical products. It offers prescription drugs for the treatment of human respiratory, cardiovascular, gastrointestinal, and central nervous system diseases, including human immunodeficiency virus (HIV) infection and cancer. The company was founded on April 4, 1894 and is headquartered in Ingelheim am Rhein, Germany.

Competitors
AmerisourceBergen Corporation Wholesale: Consumer Non-Durables/Sundries - CHESTERBROOK, PA

AmerisourceBergen Corp. engages provision of pharmaceutical products and business solutions that improve access to care. It operates through the Pharmaceutical Distribution Services and Other segments. The Pharmaceutical Distribution Services segment distributes a comprehensive offering of brand-name, specialty brand-name & generic pharmaceuticals, over-the-counter healthcare products, home healthcare supplies & equipment, outsourced compounded sterile preparations, and related services to a wide variety of healthcare providers, including acute care hospitals and health systems, independent & chain retail pharmacies, mail order pharmacies, medical clinics, long-term care & alternate site pharmacies, and other customers. The Other segment focuses on global commercialization services and animal health and includes ABCS, World Courier, and MWI. The company is headquartered in Chesterbrook, PA.

Patterson Cos., Inc. Wholesale: Medical Supplies & Pharmaceuticals - St Paul, MN

Patterson Companies is an industry-leading specialty distributor serving the dental, veterinary and rehabilitation supply markets. Driven to meet the needs of healthcare professionals in these growing markets, Patterson provides a total-package approach to doing business. Our customers benefit from a diverse platform of products and services, as well as the convenience and peace of mind that come with relying on one trusted partner for everything they need.

IDEXX Laboratories, Inc. Medical Products & Equipment - Scarborough, ME

IDEXX Laboratories, Inc. engages in the development, manufacture, and distribution of products and services for the animal veterinary, livestock and poultry, dairy and water testing markets. It operates through the following segments: CAG, Water, LPD, and Other. The CAG segment develops, designs, manufactures, and distributes products and performs services for veterinarians and the biomedical analytics market, primarily related to diagnostics and information management. The Water segment develops, designs, manufactures, and distributes a range of products used in the detection of various microbiological parameters in water. The LPD segment develops, designs, manufactures, and distributes diagnostic tests and related instrumentation and performs services, which are used to manage the health status of livestock and poultry, to improve producer, and to ensure the quality and safety of milk and food. The Other operating segment combines and presents products for the human point-of-care medical diagnostics market with its out-licensing arrangements. The company was founded by David Evans Shaw on December 19, 1983 and is headquartered in Westbrook, ME.

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