On July 15, 2024, Peloton Capital Management (PCM), a Toronto-based private investment firm, made a strategic minority investment in Lakefield Veterinary Group, a family-owned veterinary hospital and practice acquisition company. The Desmarais family will retain majority ownership, ensuring the independence and local legacy of their veterinary partners. This investment aims to enhance Lakefield’s mergers and acquisitions strategy while upholding its mission of improving pet lives and advancing the veterinary profession.

Alexandre Desmarais, Executive Chairman of Lakefield, expressed excitement about partnering with PCM, highlighting PCM’s healthcare and veterinary expertise and alignment with Lakefield’s values. Mollie Hoff, CEO and Co-Founder of Lakefield, emphasized the shared commitment to exceptional pet care and veterinary medicine.

Steve Faraone, Managing Partner at PCM, praised Lakefield’s seasoned management team and expressed enthusiasm for supporting their long-term growth and expansion, honoring the core values that make Lakefield a preferred partner in the veterinary industry.

BofA Securities, Inc. acted as Lakefield’s exclusive financial advisor. Legal counsel for Lakefield was provided by Stoel Rives LLP and Goodmans LLP, while PCM was represented by Torys LLP. The transaction value was not disclosed.