Covetrus Announces Agreement for Chewy to Acquire SmartEquine

Rhea-AI Summary

Covetrus announced on October 30, 2025 that it has entered into a definitive agreement for Chewy (NYSE: CHWY) to acquire the SmartEquine business.

The company said the transaction will enable Covetrus to sharpen its focus on its core business of delivering technology-enabled solutions for veterinarians by concentrating on an integrated software, services, and distribution platform that aims to streamline operations and enhance practice efficiency and patient care. The sale is subject to customary closing conditions, and Lincoln International is acting as sole financial advisor to Covetrus.

Positive

• Entered into a definitive agreement to sell SmartEquine to Chewy (Oct 30, 2025)
• Intended refocus on technology-enabled solutions for veterinarians
• Plans to concentrate on integrated software, services, and distribution platform
• Lincoln International named sole financial advisor to Covetrus

Negative

• Transaction is subject to customary closing conditions, creating closing uncertainty

Transaction enables Covetrus to sharpen focus on core business of delivering technology-enabled solutions for veterinarians

PORTLAND, Maine, Oct. 30, 2025 /PRNewswire/ -- Covetrus^®, a global animal-health technology and services company, today announced that it has entered into a definitive agreement with Chewy, Inc. (NYSE: CHWY) for Chewy to acquire the SmartEquine^® business.

This transaction enables Covetrus to sharpen its focus on its core business of delivering technology-enabled solutions that help veterinarians improve practice performance and patient care. By concentrating on its integrated software, services, and distribution platform, Covetrus will continue to advance tools that streamline operations, enhance efficiency, and strengthen veterinary practices worldwide.

The transaction is subject to customary closing conditions. Lincoln International LLC is acting as sole financial advisor to Covetrus.

About Covetrus
Covetrus is a global animal-health technology and services company supporting companion, equine, and large-animal veterinary markets. The company delivers an integrated portfolio of products, software, and services that enable veterinarians to run better, more connected, and more profitable practices.

Headquartered in Portland, Maine, with over 5,000 employees, Covetrus serves more than 100,000 customers worldwide. Covetrus brings over 60 years of experience as a trusted partner advancing veterinary care and practice performance.

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SOURCE Covetrus

FAQ

What did Covetrus announce on October 30, 2025 regarding SmartEquine and CHWY?

Covetrus announced it entered into a definitive agreement for Chewy (NYSE: CHWY) to acquire the SmartEquine business.

How will the SmartEquine sale affect Covetrus's business focus?

Covetrus said the transaction will allow it to sharpen focus on core technology-enabled solutions for veterinarians, concentrating on software, services, and distribution.

Is the Chewy acquisition of SmartEquine finalized and when will it close?

The companies signed a definitive agreement but the transaction remains subject to customary closing conditions; no closing date was provided.

Who is advising Covetrus on the SmartEquine transaction?

Lincoln International LLC is acting as Covetrus's sole financial advisor for the transaction.

What does the SmartEquine sale mean for Chewy (CHWY)?

Chewy will acquire the SmartEquine business under the signed agreement; the announcement did not provide financial terms or integration details.