Milwaukee, Wis., April 3, 2006 – Lakeview Equity Partners I, LP, a Milwaukee-based private equity fund, announced an investment in Firehouse Animal Health Centers of Denver, Colo. The company owns and operates two animal hospitals in the Denver metropolitan area.
This is the second investment made by Lakeview Equity Partners, a $40 million-plus fund. “Firehouse Animal Health Centers has developed a service delivery model that has proven to be both profitable and attractive to customers seeking superior service and medical care for their pets,” said W. Kent Velde, president of Lakeview Equity. “The company also has an exceptional management team. Our investment will provide capital to fund the company’s articulated growth strategy, including acquisition of existing animal hospitals and development of ancillary services.”
Founded in 2004, Firehouse Animal Health Centers offer a complete range of general medical, dental and surgical services for small animals. Founders Jed Rogers, DVM, and Greg Waldbaum will continue to own and manage the business. “We chose to work with Lakeview Equity because of their people, experience, attention to detail, commitment to our employees and access to capital,” said Waldbaum.
“The Lakeview partnership gives us additional tools to further execute our aggressive growth strategy,” added Rogers.
About Lakeview Equity Partners I, LP
Lakeview Equity Partners is a $40 million-plus private equity fund that focuses on investments in traditional, Midwest-based, middle market companies valued from $3 million to $50 million. Lakeview Equity makes investments in transactions that support ownership change; provide capital for growth; and create ownership change opportunities for managers and employees. The firm’s principals have more than a century of collective experience as successful entrepreneurs, chief executive officers and investors, with a broad base of financial, transactional and operating experience. Lakeview Equity’s mission is to identify and invest in strong, well-managed middle market companies to achieve continued growth and profitability. |
