August Equity sells Pet Cremation Services to VetPartners

August Equity has realised its investment in Pet Cremation Services (”PCS”), the UK’s leading operator of pet crematoria through a sale to VetPartners.

Based in Guilsborough, Northamptonshire, PCS operates a national network of high quality pet crematoria, providing clinical waste collection for veterinary clinics as well as delivering bereavement training for veterinary professionals. August led a growth equity investment in 2015, backing CEO Glenn Tuck to grow the business and support the shifting structural demand from pet owners for increasingly human style pet funerals. During August’s ownership, PCS has completed 8 acquisitions, more than doubling the number of crematoria to 14 sites across the UK.

David Lonsdale, Partner at August Equity commented:

“It’s been a pleasure to partner with Glenn and the PCS team to fulfil their growth plan for PCS. We wish them continued success under their new ownership. The investment is a great example of August’s core strategy of identifying primary investment opportunities in structurally growing markets and building scale through organic investment and acquisitions.”

The August exit was led by David Lonsdale and Kate Cook.

Corporate Finance advice was provided by Deloitte. Legal advice was provided by DLA and Ansons LLP. Tax advice was provided by Crowe LLP. Vendor Financial was provided by KPMG.

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