Covetrus, Inc.

Covetrus, Inc.

Covetrus, Inc.

Date Founded



7 Custom House Street,Portland, ME 04101

Type of Company


Employees (Worldwide)



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 by Benjamin J. Shaw in 2014 and is headquartered in Portland, ME.

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Executives & Employees

President, Chief Executive Officer & Director

Global Chief Financial Officer

Secretary, Senior Vice President & General Counsel

Chief People Officer

Chief Product Officer

President-North American Distribution Business

Executive Vice President & President, APAC & Emerging Markets

Executive Vice President & Chief Transformation Officer

Executive Vice President, Corporate Development

Executive Vice President

Board of Directors

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

Former Executive Vice President, Chief Financial Officer & Director at Henry Schein, 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.

Vice Chair at Ernst & Young LLP

Investor at Broadway Angels

Partner at Clayton Dubilier & Rice LLC

Founder at Direct Vet Marketing, Inc.

Paths to Covetrus, Inc.
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Covetrus, Inc.
Owners & Shareholders
Details Hidden

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.

Details Hidden

SCHF manages a global portfolio invested in different regions and assets by investing through third party managers and pursuing direct investments. They employ an approach that has its origins in the techniques of large foundations, trusts, and endowments as well as the more opportunistic and contrarian styles of leading family offices. SCHF draws on the practice of regular rebalancing: selling as relative values and returns rise for a given asset class or manager, and simultaneously buying other asset classes and investments with managers that they regard as comparatively undervalued. Like family offices, the Adviser incorporates an emphasis on absolute, rather than relative, returns. The firm employs a number of techniques to monitor, stress-test, and manage liquidity under a variety of different potential market conditions. Among these is a liquidity ladder at the portfolio level to understand the funds' liquidity positions over time. In constructing the funds' portfolios, SCHF assembles equities, debt, and real assets. Taken in different combinations, these assets form the primary asset classes (public equity, real estate, natural resources, uncorrelated strategies, private equity, and fixed income).

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KIG's equity selection philosophy is based on adopting a business owner mentality and adhering to a \"Margin of Safety\" principle. The firm looks to invest in industry leading, prudently capitalized (focus on use of leverage) companies that have a competitive advantage. They base their decision to buy, sell, or hold stocks on how the intrinsic value of the business compares to the market price of the stock instead of what others think the market or the economy is going to do. KIG's method of analysis is primarily fundamental and they rely heavily on their review of publicly available filings and other proprietary research. For fixed income, the firm believes that a quality bond portfolio, constructed and rebalanced to a thoughtful asset allocation, helps to mitigate risk by adding a low correlated asset class to equities. They try to carry out their investment approach by patiently bidding on bonds (municipal and corporate) owned by third party bond sellers and by their willingness to buy odd (smaller) lots of bonds, bonds selling at a premium, AMT bonds, and sinking fund bonds.

Recent Transactions
Details Hidden

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

Details Hidden

Covetrus, Inc. raised money in a private placement transaction

Details Hidden

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

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

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


President at Red Oak Sourcing


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


Heart + Paw LLC engages in pet growing services. The company was founded on June 1, 2018 and is headquartered in DE.

Key Stats and Financials As of 2019
Market Capitalization
Total Enterprise Value
Earnings Per Share
Total Equity
Total Debt
Net Profit
Debt TEV
TEVNet Income
Enterprise Value EBITDAOperating
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Non-Profit Donations & Grants
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