Mars has sold Diamond Animal Health to Veterinary Pharmaceutical Solutions, a portfolio company of Granite Creek Capital Partners

Diamond Animal Health

Diamond Animal Health is a provider of contract manufacturing, research and development (R&D), regulatory, licensing and product distribution services to pharmaceutical and biologics companies in the animal health space. Headquartered in Des Moines, Iowa, and founded in 1952, Diamond provides a one-stop-shop from proof of concept to commercialization for powders, liquids and tablets for a multitude of animal species.

The Deal

Diamond was sold to Veterinary Pharmaceutical Solutions (VPS), a portfolio company of Granite Creek Capital Partners. Based in St. Peter, Minnesota, VPS is a licensed animal compounding pharmacy primarily focused on supporting the veterinary community in the swine industry. Diamond will operate as a new division of VPS and the combined organization creates an integrated animal health platform that is uniquely positioned to provide a diverse offering of products, services and capabilities.

Our Perspective

Roddy O’Neill and Emily Wildes, Lincoln International Managing Directors who co-led the transaction, commented, “We are grateful and honored for the opportunity to have advised the teams throughout this process and are excited for Diamond’s new partnership with VPS and Granite Creek. Diamond has established itself as a preeminent biologic and pharmaceutical development and manufacturing partner in the animal health industry and we look forward to the continued success of the business as part of the broader VPS platform.”

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