Veterinary Practice Sales: Transaction Alert and Industry Insights
Posted on October 30, 2020
Veterinary Practice Transaction Alert and Insights
On September 28, 2020, Rarebreed Veterinary Partners announced that it has received an equity round of funding from Trilantic Capital Management L.P., along with existing investors Caremi Partners Ltd., Northwood Ventures, L.L.C., and Halle Capital Management. As a part of the transaction, Trilantic Capital Management L.P. acquired minority stake in the company.
Rarebreed is a Portland, ME based multi-site owner of veterinarian practices. According to a press release, the company has 17 veterinary practices located in the northeast. Concurrent with the announcement of its receipt of investment, Rarebreed announced the acquisition of Greenwich Village Animal Hospital.
Insights on Selling a Veterinary Practice
We see this as a positive for practice owners, as capital continues to fuel practice operators that are seeking to use new means, including technology, to improve the delivery of care to clients. Investors remain extremely interested in the industry and view veterinarian services as a continued place to invest for the long-term.
If we can be helpful to you, please call us – we are happy to have a confidential conversation with you regarding the acquisition market and your situation. We would be delighted to help.
We are pleased to have had the ability to assist Mechanicsville Animal Hospital in its sale to NVA, Inc. The transaction closed at the end of August 2020.
About Keiter Advisors
Keiter Advisors is a full-service transaction advisory group serving companies in middle market M&A transactions and financing. KA is recognized as the national leader in assisting owners to:
- Buy or sell foodservice distribution, meat processing and produce companies
- Plan and execute transition strategies, including family buy out initiatives and third party sale
- Examine the profitability of their business and develop viable improvement programs
- Renegotiate existing financing arrangements and secure new lenders
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