Align Capital Partners (ACP) has completed the majority recapitalisation of Custom Veterinary Services (CVS), a custom formulator and contract manufacturer exclusively focused on the animal health industry.
The Company’s FDA-registered facility in Miami, Florida produces nutritional supplements, dermatological, and grooming products for companion animals.
Founded by Ruben Martinez in 2005, CVS serves customers ranging from well-established animal health organisations to prospering e-commerce-focused brands. Under Ruben’s leadership, the Company has partnered with over 100 clients to date; working with them to identify their product needs, develop formulations, establish packaging, and scale up to production.
“CVS’ commitment is to produce the highest quality products and service for our customers,” says Martinez, President of CVS. “Our customers are growing rapidly, and we sought a partner to help us expand and further meet our customers’ needs. ACP and Worth Turner have a successful track record of helping companies like CVS grow and share our vision of being the best contract manufacturing partner for the animal health industry.”
Concurrent with closing, Worth Turner joined CVS as a shareholder and CEO, where he will focus on helping CVS scale to serve growing customer needs. “Ruben and his family have built CVS into a market-leading contract manufacturing organisation (CMO) with innovative R&D capabilities. I’m excited for the opportunity to partner with the entire CVS team to create the best-in-class CMO for the animal health sector,” Turner says. Prior to CVS, Worth served as President of Colorado Quality Products (a personal care products CMO), where he more than tripled sales as President.
“We’re enthusiastic about the combined partnership of Ruben, Worth, and ACP,” says ACP Managing Partner Rob Langley. “CVS is at an inflection point where additional capital and growth-related expertise will help drive the leadership team’s goal of becoming the best provider in the sector. We are thrilled to partner with the team and Worth in pursuit of this goal.”
CVS is ACP’s second investment in the animal health sector, following the firm’s 2020 investment in VetEvolve, a multi-site owner and operator of veterinary clinics on the East Coast.
Operating Partner Bill White, Principal Jack Parks, Vice President Kurt Smentek, and Associate Aaron Lewis worked alongside Langley on the transaction. CVS was advised on the transaction by BellMark Partners.
