Covetrus, Inc.

Covetrus, Inc.

Covetrus, Inc.

Overview
Date Founded

2014

Headquarters

7 Custom House Street,Portland, ME 04101

Type of Company

Public

Employees (Worldwide)

5,657

Industries

Computer Software
Consumer Services
Management Consulting
Hospitals & Patient Services

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 firm geographically operates through the segments: North America, Europe and Asia Pacific (APAC) & Emerging Markets. The company was founded by Benjamin J. Shaw in 2014 and is headquartered in Portland, ME.

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Executives & Employees

Director, Chief Executive Officer & President

Executive Vice President & Chief Financial Officer

General Counsel & Corporate Secretary

Global Chief Information Officer

Chief Consumer Officer

Chief Human Resources Officer

Vice President, Global Controller & Chief Accounting Officer

Executive Vice President & President, Europe

President, North America

Chief Administrative Officer

Board of Directors

Director at Capgemini Service SAS

Director, Chief Executive Officer & President at Covetrus, Inc.

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

Operating Partner at Clayton Dubilier & Rice LLC

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.

Director at Scale Management LLC

Former Vice Chair at Ernst & Young LLP

Partner at Clayton Dubilier & Rice LLC

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Owners & Shareholders
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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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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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Rock Springs’ funds aims to generate capital appreciation through investments in a combination of public and private securities of companies in healthcare and healthcare-related industries. The funds focus mostly on public equities, utilizing a long-term, research-intensive approach to investing in healthcare and healthcare-related industries, with a particular emphasis on those companies and/or products that Rock Springs believes serve critical unmet needs.

Recent Transactions
Details Hidden

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

Details Hidden

Covetrus, Inc. purchases Maravet SRL

Details Hidden

purchases Covetrus, Inc.

Insider Transactions
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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 at Presidio, Inc.

Advisor

President at Red Oak Sourcing LLC

Advisor

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

Key Stats and Financials As of 2020
Market Capitalization
$3.99B
Total Enterprise Value
$4.34B
Earnings Per Share
$-0.22
Debt TEV
0.28x
TEVNet Income
-228.18x
Enterprise Value EBITDAOperating
28.42x
Enterprise Value / Sales
1x
Three Year Compounded Annual Growth Rate Of Revenue
6.62%
Revenue
$4.34B
Net Profit
$-19M
EBITDA
$148M
Total Debt
$1.2B
Total Equity
$1.57B
EBITDAMargin
3.41%
Non-Profit Donations & Grants
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, Deu

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, Germany

C.H. Boehringer Sohn AG & Co. KG operates as 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 infection and cancer. The company was founded in 1885 and is headquartered in Ingelheim am Rhein, Germany.

Competitors
Amazon.com, Inc. Retail: Other - Seattle, Washington

Amazon.com, Inc. engages in the provision of online retail shopping services. It operates through the following business segments: North America, International, and Amazon Web Services (AWS). The North America segment includes retail sales of consumer products and subscriptions through North America-focused websites such as www.amazon.com and www.amazon.ca. The International segment offers retail sales of consumer products and subscriptions through internationally-focused websites. The Amazon Web Services segment involves in the global sales of compute, storage, database, and AWS service offerings for start-ups, enterprises, government agencies, and academic institutions. The company was founded by Jeffrey P. Bezos in July 1994 and is headquartered in Seattle, WA.

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.

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