Destination Pet LLC, a provider of pet care services, has raised $30 million in debt and equity funding, backed by McLarty Capital Partners of Little Rock and Opus Equity Partners, the broker-dealer subsidiary of California-based Opus Bank.
Opus Equity Partners made a growth equity investment in Destination Pet earlier this year to support the company’s initial nine-location platform, and also provided additional growth capital alongside McLarty’s financing.
“Destination Pet has built an incredible business supported by a clear growth strategy and a significant pipeline of acquisitions in the pet care space,” Parris Boyd, a principal with McLarty Capital Partners, said in a news release. “We look forward to a successful partnership with Shane and his experienced team of executives as they expand Destination Pet to become a leading provider of pet care services.”
Shane Kelly, CEO of Destination Pet, commented in the release, “We are enthusiastic to partner with McLarty as we continue to grow the Destination Pet platform. The new financing from McLarty and the additional growth capital from Opus Equity Partners will allow us to bring the Destination Pet experience to an even greater number of pet owners and their pets.”