August 15, 2022

Percheron Capital Announces Partnership with McWilliams & Son, a Leading Provider of Residential HVAC and Plumbing Services

SAN FRANCISCO and LUFKIN, Texas, Aug. 15, 2022 /PRNewswire/ — Percheron Capital (“Percheron”), a private equity firm focused on partnering with high-quality essential services businesses, today announced that it has signed a definitive agreement to acquire a majority stake in McWilliams & Son (“McWilliams” or the “Company”), a leading residential HVAC and plumbing services platform. Following the transaction, McWilliams’ Chief Executive Officer, Trey McWilliams, will remain a significant investor and continue to lead the Company. Terms of the transaction were not disclosed.

Founded in 1974 in Texas by the McWilliams family, McWilliams & Son offers residential HVAC and plumbing maintenance, repair and replacement services with a reputation for outstanding quality and customer service. The Company’s people-first values focused on service, trust and reliability have resulted in industry-leading customer satisfaction scores and consistent growth for over 45 years. McWilliams’ commitment to providing advanced training programs, innovative technology and equipment to its technicians has made the Company an employer of choice in the markets it operates.

Under Trey McWilliams’ leadership, the Company has successfully expanded its reach through strong organic growth, new branch openings and acquisitions of high-quality, partnership-focused residential HVAC and plumbing businesses. With Percheron’s strategic support and operational resources, McWilliams is well-positioned to further accelerate its growth in new and existing markets.

Trey McWilliams said, “I am proud of our exceptional team and the strong business we have built together. We attribute our success to our people-centric approach and unwavering commitment to our customers, team members and community. Percheron embodies our values and brings significant experience and a strong track record supporting high-growth, acquisitive services businesses. I am excited about the significant opportunities our partnership with Percheron creates for our team members as we continue executing on our vision of building the premier provider of residential HVAC and plumbing services in the country.”

Chris Lawler, Co-Founder and Managing Partner of Percheron, commented, “The residential HVAC and plumbing services market has been a thematic investment priority for Percheron given the industry’s large size, non-discretionary services, strong and resilient growth and high fragmentation. We are thrilled to partner with Trey McWilliams and his team, who have built a rare platform with best-in-class operational and performance metrics, including leading customer service scores, technician productivity and retention. The Company is supported by advanced technology, systems and processes, and has a strong track record of growth through both organic initiatives and strategic acquisitions. We look forward to leveraging Percheron’s deep operational capabilities to support the next phase of McWilliams’ rapid growth.”

About McWilliams & Son

McWilliams & Son is a leading HVAC and plumbing services business founded in 1974 in Texas by the McWilliams family. For over 45 years, McWilliams & Son has proudly served customers with a reputation for outstanding quality and customer service. A hometown company with hometown values, McWilliams & Son puts its customers, employees and community first. McWilliams & Son invests heavily in its team members, including providing industry-leading training programs and advanced technology and equipment, to enable team members to achieve their full potential and better serve our valued customers. For more information, please visit www.mcwilliamsandson.com.

About Percheron Capital

Percheron Capital is a private equity firm focused on partnering with exceptional teams to build market-leading services businesses. The firm’s purpose is to help high-quality businesses accelerate growth and enhance long-term value. Percheron has over $1 billion in assets under management and focuses on investing in strong services businesses in resilient end markets, including animal health, automotive, education, food & beverage, healthcare & wellness, and residential. For more information, please visit www.percheroncapital.com.

Media Contacts

Woomi Yun / Erik Carlson
Joele Frank, Wilkinson Brimmer Katcher
(212) 355-4449

SOURCE Percheron Capital


July 19, 2022

Veritas Veterinary Partners Builds on Continued Growth With Addition of Two Specialty and Emergency Hospitals

TINTON FALLS, N.J., July 19, 2022 /PRNewswire/ — Veritas Veterinary Partners (“Veritas”), a national network of over 100 leading specialty and emergency veterinary care providers, announced today the acquisition of Pet Emergency & Specialty Center of Marin (“PESCM”) and Wheat Ridge Animal Hospital (“Wheat Ridge”). Terms of the transaction were not disclosed.

Veritas partners with high-quality specialty and emergency veterinary hospitals throughout the United States and supports the growth and success of industry-leading veterinarians and professionals. Veritas provides a range of offerings, unique opportunities and extensive resources to its partners, including a nationwide recruiting platform, leading compensation and benefit programs, equity opportunities for veterinarians, continuing education benefits, capital for new facilities and equipment and infrastructure for growth.

Both PESCM’s and Wheat Ridge’s dedication to their employees, patients and communities have established them as leading specialty and emergency hospitals, providing a full spectrum of emergency and specialty services. Veritas’ partnership with PESCM and Wheat Ridge expands the network’s operational capabilities and resources, enhancing its veterinary partners’ ability to deliver quality patient care and support veterinary teams.

“We are thrilled to welcome both PESCM and Wheat Ridge to the Veritas family as we continue to expand our partnerships with leading veterinary hospitals nationwide,” said Dr. Thomas Scavelli, Founder and CEO of Veritas. “Veritas is focused on bringing high-quality specialty and emergency veterinary care to communities throughout the country, and our commitment to investing in and supporting veterinarians and their staff is central to this goal. Both hospitals are highly regarded for their exceptional dedication to patient care, and we look forward to a collaborative partnership with their teams.”

About Veritas Veterinary Partners

Veritas Veterinary Partners is a national network of leading specialty and emergency veterinary care hospitals. Built around the principles of truth and trust, Veritas is a mission- and values-driven entity with a network of like-minded partners. By offering extensive resources and access to a national network of leading providers, Veritas enhances growth, recruitment, professional development, and internal culture for its employees. For more information on partnership and career opportunities, please visit www.veritasvetpartners.com.

Media Contacts

Woomi Yun / Erik Carlson
Joele Frank, Wilkinson Brimmer Katcher
(212) 355-4449

SOURCE Veritas Veterinary Partners


June 28, 2022

Caliber Car Wash Expands Into Texas With Acquisition of Q Car Wash

ATLANTA, June 28, 2022 /PRNewswire/ — Caliber Car Wash (“Caliber”) today announced the acquisition of Q Car Wash (“Q Wash”), one of the largest and highest-quality express car wash businesses in the Dallas-Fort Worth metroplex. The combined company is a leading express car wash platform, operating premier car wash facilities in attractive markets across the Southern United States. Caliber is backed by Percheron Capital, a private equity firm focused on partnering with high-quality essential services businesses. Financial terms of the transaction were not disclosed.

Caliber is one of the fastest-growing express car wash businesses in the country, providing customers with fast and friendly car wash services at a great value. By utilizing state-of-the-art equipment, including advanced water reclamation systems, Caliber delivers environmentally friendly car washes without sacrificing quality. The company expects continued rapid growth over the coming years due to the growing demand for express car wash services and the accelerating adoption of subscription car wash programs.

Q Wash’s dedication to its loyal customers, talented employees and local communities has made it a leading destination for superior car wash care in Dallas-Fort Worth. As part of the Caliber platform, Q Wash will leverage Caliber’s deep operational capabilities and resources to continue offering exceptional service, outstanding quality and convenience to its loyal customers.

Danny York, Chief Executive Officer of Caliber, stated, “I am extremely proud of our exceptional team, which is dedicated to providing the highest-caliber car wash services with a customer-first approach and an industry-leading value proposition. We have long admired Q Wash’s culture of operational excellence, outstanding team members and strong market position in the attractive Dallas-Fort Worth area. This transaction creates new and exciting opportunities for our team members as we continue to rapidly grow the company through organic growth, greenfield developments and acquisitions of other high-quality operators.”

About Caliber Car Wash
Caliber Car Wash is a leading express conveyor car wash platform with premier locations across the Southern United States. Caliber has built an industry-leading membership model and a strong reputation for high-quality, fast and friendly car wash services at a great value. By utilizing state-of-the art equipment, including advanced water reclamation systems, Caliber delivers environmentally friendly car washes without sacrificing quality. Caliber prides itself on putting customers first, investing in its passionate and dedicated team members, and supporting its local communities. For more information, please visit www.calibercarwash.com.

About Percheron Capital
Percheron Capital is a private equity firm focused on partnering with exceptional teams to build market-leading services businesses. The firm’s purpose is to help high-quality businesses accelerate growth and enhance long-term value. Percheron has over $1 billion of assets under management and focuses on investing in strong services businesses in resilient end markets, including animal health, automotive, education, food & beverage, healthcare & wellness, and residential. For more information, please visit www.percheroncapital.com.

Media Contacts
Woomi Yun / Erik Carlson
Joele Frank, Wilkinson Brimmer Katcher
(212) 355-4449

SOURCE Caliber Car Wash


March 29, 2022

Veritas Veterinary Partners Launches National Network of Specialty and Emergency Veterinary Hospitals

TINTON FALLS, N.J., March 29, 2022 /PRNewswire/ — Veritas Veterinary Partners (“Veritas”) announced it has launched with a national network of over 80 leading specialty and emergency veterinary care providers with a mission to provide the highest quality of care to patients, leading benefits and compensation to its doctors and extensive resources and infrastructure to support its partner hospitals. Veritas will be led by CEO Dr. Thomas Scavelli, who founded one of the most successful specialty and emergency hospital networks in the country, Garden State Veterinary Specialists, a Veritas partner hospital.

Veritas is backed by Percheron Capital (“Percheron”), a leading private equity firm focused on partnering with high-quality essential services businesses. Percheron’s support and resources have enabled Veritas to make considerable investments in its growth, people and infrastructure.

Veritas partners with high-quality specialty and emergency veterinary hospitals around the country and supports the growth and success of industry-leading doctors and veterinary professionals. Built around the principles of truth and trust, Veritas is a mission- and values-driven business with a network of like-minded partners. Veritas’ commitment to investing in and supporting veterinary teams is at the core of its focus, offering recruiting resources, leading compensation and benefit programs for employees, equity opportunities for doctors, continuing education benefits, capital for new facilities and equipment and infrastructure for growth.

“Veritas is focused on expanding high-quality veterinary care throughout the country, and our commitment to investing in and supporting doctors and staff is central to this goal,” said Dr. Scavelli. “I am honored by the opportunity to lead Veritas and am confident in our mission to be a trusted and valued partner to our patients and for outstanding veterinary professionals across the nation.”

For more information on partnership and career opportunities, please visit www.veritasvetpartners.com.

About Veritas Veterinary Partners
Veritas Veterinary Partners is a national network of leading specialty and emergency veterinary care hospitals. Built around the principles of truth and trust, Veritas is a mission- and values-driven entity with a network of like-minded partners. By offering extensive resources and access to a national network of leading providers, Veritas enhances growth, recruitment, professional development and internal culture for its employees. For more information on partnership and career opportunities, please visit www.veritasvetpartners.com.

About Percheron Capital
Percheron Capital is a private equity firm focused on partnering with exceptional teams to build market-leading services businesses. The firm’s purpose is to help high-quality businesses accelerate growth and enhance long-term value. Percheron manages over $850 million of committed capital and focuses on investing in strong services businesses in resilient end markets, including animal health, automotive, education, food & beverage, healthcare & wellness, and residential. For more information, please visit www.percheroncapital.com.

Media Contacts
Percheron Capital
Woomi Yun / Erik Carlson
Joele Frank, Wilkinson Brimmer Katcher
(212) 355-4449

SOURCE Veritas Veterinary Partners


February 14, 2022

Percheron Capital Hires Priya Saraswati as Head of Business Development

SAN FRANCISCO, Feb. 14, 2022 /PRNewswire/ — Percheron Capital (“Percheron”), a private equity firm focused on partnering with high-quality essential services businesses, today announced that Priya Saraswati has joined the firm as Head of Business Development. Reporting to co-founders Chris Collins and Chris Lawler, Ms. Saraswati will oversee new deal origination, sourcing and marketing functions at the firm.  

Ms. Saraswati joins Percheron from Vista Equity Partners, where she most recently served as Director of Business Development, responsible for leading the firm’s business development and research teams and growing its sourcing strategy.

“We are incredibly excited to welcome Priya to the Percheron team,” said Chris Collins, Co-Founder and Managing Partner at Percheron. “She shares our values and commitment to being outstanding partners to the companies we invest in and naturally fits within the culture we have established at Percheron. In partnership with our investment team, Priya will oversee Percheron’s sourcing efforts and build on our strong existing relationships with founders, entrepreneurs and leading advisors across the industry.”

“Having closed our first fund at its hard cap and completed investments in four exceptional essential services platforms, we had a very productive 2021,” said Chris Lawler, Co-Founder and Managing Partner at Percheron. “With Priya on board, I am confident we will continue to build on that momentum in 2022. Her extensive experience and deeply sourced network will be invaluable as we continue identifying and executing on exciting new partnerships.”

“I am thrilled to join Percheron’s talented and growing team at such an exciting time for the firm,” said Ms. Saraswati. “I look forward to leveraging my network and expertise to help build on Percheron’s success.”

Percheron announced the close of its first fund in 2021 with capital commitments totaling $770 million. Since then, the firm has continued to grow and expand its team of investment professionals and operators, while continuing to execute on its investment focus of partnering with market-leading businesses within essential services sectors. To date, Percheron has completed four platform investments, which include Animal Dermatology Group, the largest group of veterinary dermatology specialists in the U.S.; Caliber Car Wash, a leading express conveyor car wash platform; Garden State Veterinary Specialists, one of the largest operators of specialty and emergency veterinary hospitals in the country; and Big Brand Tire & Service, the eighth largest provider of tire and automotive services in the country.

About Percheron Capital
Percheron Capital is a private equity firm focused on partnering with exceptional teams to build market-leading services businesses. The firm’s purpose is to help high-quality businesses accelerate growth and enhance long-term value. Percheron manages over $850 million of committed capital and focuses on investing in strong services businesses in resilient end markets, including animal health, automotive, education, food & beverage, healthcare & wellness, and residential. For more information, please visit www.percheroncapital.com.

Media Contacts
Percheron Capital
Woomi Yun / Erik Carlson
Joele Frank, Wilkinson Brimmer Katcher
(212) 355-4449

SOURCE Percheron Capital

January 6, 2022

Percheron Capital Invests in Animal Dermatology Group, the Largest Veterinary Dermatology Specialty Group in the U.S.

Investment Supports ADG’s Expansion as Demand for Veterinary Dermatology Services Grows Rapidly

ADG Announces Simultaneous Acquisition of Animal Dermatology and Allergy Specialists

SAN FRANCISCO and IRVINE, Calif., Jan. 6, 2022 /PRNewswire/ — Percheron Capital (“Percheron”), a private equity firm focused on partnering with high-quality essential services businesses, today announced the acquisition of a majority stake in Animal Dermatology Group, Inc. (“ADG”), the largest group of veterinary dermatology specialists in the U.S. As part of the transaction, ADG’s management team will continue to lead the company and ADG’s founders and veterinarians will retain a significant stake in the company.

In conjunction with the investment, ADG has completed the acquisition of Animal Dermatology and Allergy Specialists (“ADAS”), a leading veterinary dermatology specialty practice founded by Dr. Andrew Rosenberg, DACVD, serving the New York metropolitan area. With this addition, ADG’s veterinary dermatology specialty services now extend to 12 states across the country. Financial terms of the transactions were not disclosed.

ADG was founded in 1980 with the mission of providing the highest quality veterinary dermatology care to pet owners everywhere. The company has since grown to become the U.S.’s largest group of veterinary dermatology specialists engaged in the diagnosis and treatment of acute and chronic skin conditions in pets, with more than 40 primary and satellite locations in theU.S. and abroad. ADG also administers the largest Dermatology Residency Training Program qualified by the American College of Veterinary Dermatology (ACVD) in the U.S., supporting the development of future dermatologists through comprehensive training and research. The company expects to build on its momentum and significant growth over the coming years as the increasing demand for high-quality, veterinary dermatology services grows alongside meaningfulindustry tailwinds, including surging pet ownership.

Chris Collins, Co-Founder and Managing Director of Percheron, commented, “We are excited to partner with ADG to continue to expand the largest veterinary dermatology group in the country.There is significant demand among pet owners for specialty dermatology care and ADG has builta preeminent network of the industry’s leading dermatologists to meet this need. We look forward to supporting ADG’s talented team as they continue to expand, innovate and deliver the highest quality care to pets nationwide.”

Dr. Craig Griffin, Co-Founder of ADG, said, “We founded ADG with the mission of making cutting-edge veterinary dermatology available to pet owners everywhere. We believe we are at a natural inflection point in our growth story, and this partnership with Percheron Capital will enable us to take ADG to the next level and bring our innovative services to new and existing markets in order to support and care for more pets and pet owners.”

Dr. Wayne Rosenkrantz, Co-Founder of ADG, added, “We are incredibly proud of our team of doctors and support staff at ADG for their commitment to medical excellence, innovation and expansion that make us a veterinary dermatology leader. As we continue to enter strategic, high-demand markets, such as the Northeast through our recent acquisition of ADAS, we are excited to have an industry leading partner in Percheron Capital that shares our growth vision and commitment to excellent service.”

Steven Mrha, Chief Executive Officer of ADG, stated, “As we look to the next chapter in ADG’s evolution, we can think of no better partner than Percheron Capital. Their support and resources will allow us to continue to invest in our leading doctors, support staff and cutting-edge residency program, and accelerate our expansion organically and through acquisitions.”

About Percheron Capital

Percheron Capital is a private equity firm focused on partnering with exceptional teams to build market-leading services businesses. The firm’s purpose is to help high-quality businesses accelerate growth and enhance long-term value. Percheron manages over $850 million of committed capital and focuses on investing in strong services businesses in resilient end markets,including animal health, automotive, education, food & beverage, healthcare & wellness, and residential. For more information, please visit www.percheroncapital.com.

About Animal Dermatology Group

Animal Dermatology Group (“ADG”) is the largest veterinary dermatology business in the U.S., providing the highest quality care to pets with acute and chronic skin conditions. ADG has over 40 primary and satellite locations where its veterinary dermatology specialists are actively involved in providing clinical care, research and academic training. For more information, please visit www.animaldermatology.com.

Media Contacts

Percheron Capital
Woomi Yun / Erik Carlson
Joele Frank, Wilkinson Brimmer Katcher
(212) 355-4449


December 16, 2021

Percheron Capital to Acquire Leading Express Wash Platform Caliber Car Wash

Partnership Supports Caliber’s Rapid Expansion as Consumer Demand for
Express Car Wash Services Continues to Grow

SAN FRANCISCO, CA & ATLANTA, GA — Percheron Capital (“Percheron”), a private equity firm focused on
partnering with high-quality essential services businesses, today announced that it has signed a definitive
agreement to acquire a majority stake in Caliber Car Wash (“Caliber”), a leading express conveyor car wash
platform. Founders and Co-CEO’s Mac McCall and Danny York will remain significant equity holders and will
continue to lead the company alongside the current management team. Eagle Merchant Partners (“Eagle”), a
leading Atlanta-based private equity firm and Caliber’s current financial partner, will retain a minority interest
in the company. Financial terms of the transaction, which is expected to close by year-end, were not disclosed.

Caliber is one of the fastest growing platforms of express conveyor car washes in the nation with more than 50
state of the art existing and pipeline express conveyor car wash facilities in growing markets across the Southeast
and Mid-Atlantic. The company is dedicated to providing high quality and convenient washes while delivering
best-in-class customer service in an environmentally friendly manner with advanced water reclamation systems
and biodegradable wash chemicals. The company expects significant growth over the coming years due to the
growing demand for express car wash services as the number of cars on the road continues to increase and the
adoption of subscription car wash programs accelerates.

Chris Lawler, Co-Founder and Managing Director of Percheron, commented, “We are pleased to partner with
the Caliber team as they continue to build a best-in-class express car wash platform. Consumers are increasingly
looking for fast, affordable car wash services without sacrificing quality, and Caliber generates industry-leading
membership program participation by offering exceptional customer service and unmatched convenience at a
great value. We look forward to leveraging our significant sector expertise and operational resources to support
Caliber’s talented management team as they continue to rapidly scale the business and bring Caliber’s leading
value proposition and membership model to new customers across the U.S.”

Mac McCall, Co-Chief Executive Officer of Caliber, added, “We are thrilled to have found a partner in Percheron
Capital whose values and vision of growing our company while maintaining the core tenants that make us great
are truly aligned. We believe Caliber is a preeminent business at an inflection point in our growth story, and we
are confident that Percheron will provide us with the support and resources we need to accelerate our
expansion.”

Danny York, Co-Chief Executive Officer of Caliber, stated, “We are incredibly proud of our team at Caliber and
their passion for providing high-quality, fast and eco-friendly car wash services to our loyal customers. Staying
true to our name, our mission is to provide the best possible wash experience and operate at the highest caliber
of standards for our customers, employees, and the communities we serve.”

Brady Sumner, Vice President of Eagle, stated, “Mac and Danny’s exceptional leadership and long-term vision
for Caliber as an industry-leading developer and operator of express car washes was the genesis of our
partnership and Eagle’s initial investment in late 2020, and today’s announcement is further testament to their
team’s hard work and dedication. We are excited for the company’s next phase of growth with the support of
Percheron’s partnership.”

About Caliber Car Wash

Caliber Car Wash, headquartered in the Southeast, is a leading express conveyor car wash platform. Caliber has
built an industry-leading membership model and a strong reputation for high-quality, fast and friendly car wash
services at a great value. By utilizing state-of-the art equipment, including advanced water reclamation systems,
Caliber delivers environmentally friendly car washes without sacrificing quality. Caliber prides itself on putting
customers first, investing in its passionate and dedicated team members, and supporting its local communities.
For more information, please visit www.calibercarwash.com.

About Percheron Capital

Percheron Capital is a private equity firm focused on partnering with exceptional teams to build market-leading
services businesses. The firm’s purpose is to help high-quality businesses accelerate growth and enhance long-
term value. Percheron manages over $850 million of committed capital and focuses on investing in strong
services businesses in resilient end markets, including animal health, automotive, education, food & beverage,
healthcare & wellness, and residential. For more information, please visit www.percheroncapital.com.

About Eagle Merchant Partners

Eagle Merchant Partners is an Atlanta-based private equity firm focused on investments in Southeastern
companies with unique growth opportunities. The partnership is one of the most experienced private equity
investors in the region, investing in sixteen companies with more than $1.5 billion in revenues. For more
information, please visit www.eaglemerchantpartners.com.

Media Contacts

Woomi Yun / Erik Carlson
Joele Frank, Wilkinson Brimmer Katcher
(212) 355-4449

Thornton Kennedy
Eagle Merchant Partners
(404) 210-0363


November 22, 2021

Percheron Capital Creates Leading Tire and Automotive Service Platform

SAN FRANCISCO & MOORPARK, CA — Percheron Capital (“Percheron”), a private equity firm focused on partnering with high-quality essential services businesses, today announced the acquisition of American Tire Depot (“ATD”) by Percheron’s portfolio company Big Brand Tire & Service (“Big Brand”). The combined company will be one of the country’s largest tire and automotive service businesses and will operate over 160 high-quality service centers in growing markets. Financial terms of the transaction, which is expected to close by year-end, were not disclosed.

Founded in 1969, Big Brand is a leading tire and automotive service platform headquartered in Southern California. As one of the most trusted names in tire and automotive service, Big Brand has built a strong reputation for exceptional customer service. The company’s passionate and dedicated team members utilize Big Brand’s proprietary digital technology to provide superior customer service at a great value in a professional and friendly environment.

ATD, founded in 1991, is the largest independent tire and automotive service business in California. The company’s decades-long dedication to its loyal customers, talented employees, and local communities has made it a leading destination for complete automotive care in California. This transaction brings together two companies with similar customer-focused values, while infusing significant capital and operational resources to position the combined business for accelerated growth.

Chris Lawler, Co-Founder and Managing Director of Percheron, commented, “On behalf of the entire Percheron team, we are excited to partner with Big Brand and ATD to continue building a preeminent tire and automotive service platform. Big Brand has a track record of generating industry-leading performance by utilizing the most advanced digital technology platform in the automotive service sector, and has rapidly grown by establishing itself as an employer and acquiror of choice. We’re thrilled to leverage our deep sector expertise and operational capabilities to continue to support the combined company’s significant growth trajectory.”

Joe Buscaglia, Chief Executive Officer of Big Brand, stated, “Entering this next chapter of growth, we have a best-in-class team and the right foundation, built on scalable digital infrastructure, to realize our vision of bringing a strong service culture and leading value proposition to more customers. I am extremely proud to be part of such a high-caliber business and am thrilled about the opportunities that will be created for all of our team members as we continue to rapidly scale the company through organic growth, acquisitions, and greenfield developments.”

In recent months, Big Brand has also acquired several other leading tire and automotive service companies, including Tire World, Purcell Tire & Service Retail Centers, and Integrity Tire.

About Percheron Capital

Percheron Capital is a private equity firm focused on partnering with exceptional teams to build market-leading services businesses. The firm’s purpose is to help high-quality businesses accelerate growth and enhance long-term value. Percheron manages over $850 million of committed capital and focuses on investing in strong services businesses in resilient end markets, including animal health, automotive, education, food & beverage, healthcare & wellness, and residential. For more information, please visit www.percheroncapital.com.

About Big Brand Tire & Service

Big Brand Tire & Service, headquartered in Southern California, is a leading independent tire and automotive service provider. Founded in 1969, Big Brand has a strong reputation for delivering exceptional customer service. Big Brand’s passionate and dedicated team members utilize advanced digital technology to provide superior customer service at a great value in a professional and friendly environment. For more information, please visit www.bigbrandtire.com.

Media Contacts

Woomi Yun / Erik Carlson
Joele Frank, Wilkinson Brimmer Katcher
(212) 355-4449

September 16, 2021

Percheron Capital Closes Debut Fund with $770 Million in Committed Capital

Oversubscribed Inaugural Fund Hits Hard Cap in Rapid Fundraise
Fund to Invest in High-Quality Essential Services Businesses

SAN FRANCISCO, Sept. 16, 2021 /PRNewswire/ — Percheron Capital (“Percheron” or the “Firm”), a private equity firm with a focus on partnering with high-quality essential services businesses, today announced the successful close of its inaugural fund, Percheron Capital Fund I LP (the “Fund”), with total committed capital of $770 million. Raised in only eight months, the Fund was significantly oversubscribed and hit its hard cap, with commitments from a diverse group of investors, including university endowments, charitable foundations, pension funds, financial institutions, family offices and fund-of-funds.

Headquartered in San Francisco, Percheron is focused on partnering with exceptional teams to build market-leading services businesses in North America. The Firm was co-founded by Chris Collins and Chris Lawler, who have worked closely together for more than a decade. They have assembled a team of seasoned investment and operating professionals with deep expertise helping strong businesses accelerate growth. Percheron targets investment opportunities in services businesses across the animal health, automotive, education, food & beverage, healthcare & wellness, and residential end markets.

“We are thrilled with the tremendous support we received from a global group of leading investors,” said Mr. Collins. “This fundraise is an endorsement of our differentiated, operationally-oriented investment strategy and our partnership approach. With a portfolio of high-quality businesses and a robust investment pipeline of attractive opportunities, we are excited about the future with our limited partners.”

“For more than a decade Chris and I have been partnering with talented founders and management teams to build market-leading businesses, and at Percheron we have brought together an outstanding team that shares our vision,” said Mr. Lawler. “We are thankful for the support of our investors and look forward to generating long-term value for them and the businesses we partner with.”

To date, the Fund has completed platform investments in Big Brand Tire & Service, the premier one-stop tire and automotive service provider on the West Coast, and Garden State Veterinary Specialists, a leading specialty and emergency veterinary services business.

Kirkland & Ellis LLP served as legal counsel for the Fund.

About Percheron Capital

Percheron Capital is a private equity firm focused on partnering with exceptional teams to build market-leading services businesses in North America. The firm’s purpose is to help high-quality businesses accelerate growth and enhance long-term value. Percheron focuses on investing in strong services businesses in resilient end markets, including animal health, automotive, education, food & beverage, healthcare & wellness, and residential. For more information, please visit www.percheroncapital.com.

Media Contacts

Julie Hamilton / Erik Carlson
Joele Frank, Wilkinson Brimmer Katcher
(212) 355-4449