Pet care products company leaves Greeley for new Centerra headquarters – Loveland Reporter-Herald

Editor’s Note: This article has been corrected to indicate that AHI will continue to occupy and use its former space on ‘O’ Street in Greeley as a corporate office; the new Loveland headquarters attracted employees largely from a second location in downtown Greeley. BizWest regrets the error.

Animal Health International Inc. has moved its headquarters from Greeley to Loveland, its website and broker have confirmed.

AHI distributes products including pharmaceuticals, software and equipment through veterinarians and retailers. The company’s roots date back to the 1940s, according to its website, with a presence in Greeley since 1972.

For its new headquarters, AHI has leased the fourth floor at 2915 Rocky Mountain Ave., one mile from Heska Corp. (Nasdaq: HSKA), which manufactures and sells pet care products, and two buildings away from the home offices of McWhinney Real Estate Services Inc.

The new dig is about 15,500 square feet, said Ron Kuehl, a Realtec Commercial Real Estate Services partner of Loveland, who represented AHI. Kuehl said employees leaving space at Greeley took up about 25,000 square feet.

“They were in an old downtown bank building” in Greeley, Kuehl said, and spread over several floors. “It’s an efficient and newer space.”

A spokesperson for AHI owner Patterson Cos. Inc., based in St. Paul, Minn. (Nasdaq: PDCO), said its employees in Loveland mostly come from a Chase Bank building in downtown Greeley. AHI was headquartered for many years in a different building on “O” Street in Greeley.

Kuehl said the move was due to a desire for “significantly improved space,” new labor practices after the COVID pandemic with more employees working remotely or only sometimes working from a office, and a more central location in northern Colorado.

The new space was vacated by Scotland-based energy consultants Wood Plc and had been marketed as a three-year sublet. Kuehl said AHI wanted a longer-term direct lease with building owners.

Greeley-based BTT LLC bought the four-story, 58,000-square-foot building from McWhinney in 2010 for $14.2 million. Kuehl, vice president of McWhinney at the time, also participated in the sale.

Cole Herk of Cushman & Wakefield in Fort Collins was “the guy who got things done” for BTT, Kuehl said.

Through a series of mergers and acquisitions, a northern Colorado veterinarian, Bob Hummel, brought together what became Animal Health International in the first decade or so of the 2000s. Hummel passed away in October 2020.

Jim Neufeld, a longtime Greeley resident and Re/Max Commercial Alliance partner in Loveland who worked for a predecessor company to AHI, said Hummel was bright, enterprising and liked a “low-key” approach, including to its head office.

“He was a guy from Greeley, and we’ve talked about their ownership here a few times,” he said. “Make no mistake about it, Dr. Hummel is responsible for (the growth of the company). As a Greeley myself, I would be disappointed if AHI moved to Loveland.

AHI was at one time publicly traded on the Nasdaq market under the symbol “AHII” and controlled by Boston-based Charlesbank Capital Partners. When Charlesbank sold its stake in 2011, it had around $700 million in revenue per year.

It had about $1.5 billion in annual revenue in 2015, when Patterson Cos. Inc., based in St. Paul, Minn. (Nasdaq: PDCO), bought it for $1.1 billion. Patterson is a global distributor of dental and animal health products. It had $6 billion in annual revenue in 2020.

AHI has approximately 50 offices in the United States and Canada, including Colorado locations in Sterling and La Junta.

Requests for comment to representatives of Patterson and the AHI were not immediately returned.

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Benjamin M. Yerger