Press release: Caitec
Caitec Inc., a portfolio company of Fairchild Capital Partners, LLC, announced its acquisition of VetPet Box, the only veterinarian-owned and operated pet subscription box on the market. Founded in 2016 and headquartered in Houston, Texas, VetPet Box is a subscription service that sends a monthly box of vet approved toys, treats, wellness products and pet care education materials to dog and cat owners throughout North America. VetPet Box has a five star rating on Facebook and has received a five star rating and several Readers’ Choice Awards from My Subscription Addiction. VetPet Box is the only subscription box to sponsor and exhibit at the Texas A&M College of Veterinary Medicine’s Open House — which helps educate children and the public on proper pet care.
“We are excited to have VetPet Box join our team. This transaction allows Caitec to expand our current dog business into the growing pet subscription box service channel,” said Terry Gao, CEO of Caitec. “Caitec shares a common goal with VetPet Box – to provide high quality products that enrich the lives of pets and their parents. We will now have a veterinarian expertise to enhance our product development across all of our product categories including dog, bird, small animal and cat.”
“Partnering with Caitec will allow VetPet Box to grow like never before,” said Stephanie Malmquist, DVM, founder of VetPet Box. “Caitec’s breadth of product offerings for dogs and cats along with its marketing and sourcing capabilities make it a perfect fit. We are also looking forward to working with Caitec on developing new products that put pet care and enrichment at their core.”
Founded in 1992, Caitec has been leading the way in pet product innovation by offering pet owners a wide range of high-quality, affordable pet products. Caitec’s tradition is creating Innovations in Pet Care for a Better Way of Life.
VetPet Box was founded in 2016 by Stephanie Malmquist, DVM in Houston, Texas. VetPet Box is the only pet subscription box owned and operated by a veterinarian. Each product included in the box has been reviewed and hand selected by the VetPet Box team for safety and efficacy. With VetPet Box pet parents can be assured they are receiving the highest quality products for their pets.
Fairchild Capital Partners, LLC is a Buffalo, New York-based private equity firm focused on investing in companies that operate in the middle-market and lower middle-market. Fairchild seeks to partner with companies typically generating revenues between $5 million and $75 million led by strong, entrepreneurial management teams, providing capital for acquisitions, management buyouts, family transitions, estate planning, recapitalizations, corporate divestitures and growth and expansion.