HCAP Partners Announces Exit of Portfolio Company Eaton Veterinary Pharmaceutical, Inc.

I want to express our sincere appreciation for the investment and confidence that HCAP Partners brought to our company over seven years ago in the areas of product development, sales force expansion, and growth capital.

HCAP Partners, a California-based mezzanine debt and private equity firm and recognized impact investor, today announced the sale of Eaton Veterinary Pharmaceutical (d/b/a Roadrunner Pharmacy), a leading specialty compounding pharmacy, to Direct Vet Marketing, parent company of Vets First Choice, the leading provider of technology enabled healthcare services for veterinary practices. Tim Bubnack, Managing Partner, managed HCAP Partners’ investment into Roadrunner and was active with the Company as a board director.

Founded in 1999, Roadrunner’s exclusive “pet only” pharmacy provides veterinarians and their patients with customized medications. Last year alone over 30,000 veterinary practices discovered why Roadrunner Pharmacy is veterinarians’ preferred pharmacy of choice, with quality control standards and service second to none. Roadrunner specializes in compounding veterinary medications and enhancing compliance with exciting, owner-friendly dosage forms, flavors and concentrations.

“I want to express our sincere appreciation for the investment and confidence that HCAP Partners brought to our company over seven years ago in the areas of product development, sales force expansion, and growth capital,” said Rob Eaton, founder and retired CEO of Roadrunner. “We are delighted with the transition to Vets First Choice to help achieve a new phase of growth and development.”

“Our partnership with Roadrunner is a good example of HCAP’s value proposition to the underserved, lower, middle market. Roadrunner consistently achieved its goals and today has over 250 outstanding employees making a positive impact on the lives of pet and horse owners across the United States,” said Tim Bubnack. “We worked closely to facilitate the sale to Vets First Choice, and are proud that Roadrunner employees are joining a first class organization, led by an exceptional management team focused on driving better outcomes for veterinarian practice partners and their clients.”

Over the coming months, Vets First Choice plans to…

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