Opus Bank‘s Merchant Banking division, through its broker-dealer subsidiary, Opus Financial Partners, served as financial advisor to Destination Pet on its placement of $30 million of debt and equity growth capital.

The financing was led by McLarty Capital Partners, an SBIC debt and equity provider to lower middle market companies. Opus Bank’s bank-sponsored SBIC Fund, Opus Equity Partners, which made a growth equity investment in Destination Pet earlier this year to support the company’s initial nine-location platform, provided additional growth capital.

Dale Cheney, president of Opus Bank’s Merchant Banking division, said, “We are excited to further our relationship with Shane Kelly and the rest of the Destination Pet team, and look forward to working alongside the company as it continues on its growth trajectory. The long-term capital solution provided by McLarty and Opus Equity Partners will enable Destination Pet to execute on its national expansion strategy through the continued acquisition and buildout of top-quality pet care facilities.”

Destination Pet provides a broad array of pet care services.