Q1-2019 Veterinary Services Update

Private equity investors continued to lead consolidation activity within the veterinary service market through the first quarter of 2019 driven by both platform investments and facilitated bolt-on acquisitions. The first quarter began with BBH Capital Partners making an investment in Massachusetts-based Ethos Veterinary Health, a platform that operates 21 specialty and emergency hospitals throughout the Northeast. Following BBH’s investment, Quad-C Management agreed to sell Compassion-First Pet Hospitals to JAB Holding Company, a multinational holding company specializing in investments across Europe, South American & the U.S. Sage Veterinary Centers, which was recently sold to Chicago Pacific Founders, has acquired local specialty practice Veterinary Vision. Provident anticipates seeing increased consolidation activity throughout 2019 as investors look to capitalize on favorable consumer spending and market fragmentation.

To print and download the full Veterinary Services Update report, please click below…


Sources: SSEC Filings; Company Press Releases, and Reports; IBISWorld; Capital IQ; PitchBook; PHP Estimates and Research. This document has been compiled with publicly available information.  Provident Healthcare Partners, LLC makes no guarantee of its accuracy or completeness. No data or statement should be construed to be a recommendation for the purchase, sale, or retention of any security.
  • “While the decision to sell our business was a difficult one, Provident vigilantly represented and protected our best interests throughout the transaction.  Provident was the right choice for Cascade and I would recommend their services to anyone.”

  • “After working with Provident on several transactions, it is evident that their extensive industry knowledge and deal expertise prove to be invaluable to their clients.”

  • “We would not have been successful navigating the process without Provident’s hard work and active participation. They exceeded our expectations and we would highly recommend them to any health care company seeking a knowledgeable and engaged investment banking firm.”

  • “A lot of investment bankers were interviewed, Provident was chosen. Provident delivered. My clients could not be happier.”

  • “Provident listened to our story, confirmed that our business was valuable and made us feel like this was the only transaction important to them.”

  • “Provident’s depth of experience and practical business savvy was demonstrated in their ability to cut through what sometimes looked like impasse.”

  • ”I have a tremendous amount of appreciation and gratitude to the Provident team for their hard work and diligence throughout this process. Each and every member of the Provident team is excellent at their jobs and it has been a pleasure working with such a professional team. Provident has provided outstanding guidance and counsel, and this deal could never have gotten done without Provident’s leadership.”