Compassion First Pet Hospitals

Abernathy MacGregor is handling the push of Luxembourg-based JAB Holdings, which has controlling stakes in Coty, Panera Bread, Keurig Dr Pepper, Krispy Kreme Doughnuts, Pret a Manger and Jacobs Douwe Egberts coffee, into the pet hospital business via its $1.2B deal for Compassion-First Pet Hospitals.

The move puts JAB in competition with pet care market leaders Nestle and Mars.

Founded in 2014, C-FPH operates 41 specialty, emergency and general veterinary care facilities in 13 states.

JAB partner David Bell called C-FPH an attractive investment opportunity as it “continues to deliver industry-leading organic growth and executes on its long-term strategy.”

JAB is acquiring the chain from Quad-C private equity firm in Charlottesville, VA.

AbMac’s Tom Johnson and Pat Tucker represent JAB.