Bridgepoint Investment Banking Arranges Asset-backed Facility for Miller Veterinary Supply
January 21, 2021 – Fort Worth, TX – Principals of Bridgepoint Investment Banking (“Bridgepoint”) acted as the sole financing arranger to Miller Veterinary Supply on their debt capital raise with North Mill Capital. North Mill provided an asset-backed facility to Miller Veterinary Supply to refinance existing debt and support future growth.
Bridgepoint Managing Director Gary Grote commented, “I’m proud of our team’s efforts to collaborate with North Mill in introducing Miller to a new type of financing that will fund the company’s explosive growth in 2021 and beyond.”
“Bridgepoint’s tenacity, industry knowledge and deep connectivity in the alternative finance space enabled us to navigate a complex period in our business and maximize our borrowing capacity. We could not have found this solution without their assistance,” added Dr. Gnad, President & CEO of Miller Veterinary Supply.
About Bridgepoint Investment Banking
Bridgepoint Investment Banking, a division of Bridgepoint Holdings NE, LLC, is a market-leading boutique investment bank. The Bridgepoint team, through their broker dealer relationship with M&A Securities Group, Inc., an unaffiliated entity, serves clients over their corporate lifecycles by providing capital raising and M&A advisory solutions. Bridgepoint serves clients globally across a range of focus sectors including veterinary services. Learn more about Bridgepoint at www.bridgepointib.com.
About Miller Veterinary Supply
Founded in 1920, Miller Veterinary Supply is a family-owned and -operated veterinary distribution wholesaler. MVS offers veterinary equipment, supplies, instruments, diagnostics, prescriptions, pet food, and generic pharmaceuticals. Learn more about Miller Veterinary Supply at www.millervet.supply.
About North Mill Capital
North Mill Capital (www.northmillcapital.com) is a direct lender that primarily offers asset-based loans and factoring facilities to middle market businesses with a range of borrowing needs.