Liberty Mutual Investments provided debt financing to Synergy Pet Group. Synergy Pet Group runs pet benefits and veterinary technology businesses. The company is backed by LoneTree Capital.
Financing support
LMI first invested in Synergy Pet Group in 2023 alongside LoneTree Capital. The new debt financing comes from the firm's Capital Solutions team. The financing will support expansion across pet services and veterinary technology.
Company profile
Synergy Pet Group serves pet owners, employers, brokers, and veterinary practices. Its benefits programs help make pet care more accessible and affordable. The company also operates the Wishbone family of brands.
Veterinary software
Synergy Pet Group has expanded into veterinary technology through Shepherd Veterinary Solutions. Shepherd offers a subscription-based practice management system. The software helps veterinary practices streamline operations and manage their businesses.
Synergy Pet Group plans to use the financing to invest in its businesses while staying focused on execution. The company said it will build software that helps veterinary teams run their practices. LMI plans to deepen its partnership with Synergy Pet Group and LoneTree.