By Keiter CPAs
Veterinary Practice Sales Industry Insights
Keiter Advisors provided insights on veterinary practice sales after the Rarebreed Veterinary Partners transaction.
“Veterinary Practice Sales: Transaction Alert and Industry Insights” Excerpt:
“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.”
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
About the Author
The information contained within this article is provided for informational purposes only and is current as of the date published. Online readers are advised not to act upon this information without seeking the service of a professional accountant, as this article is not a substitute for obtaining accounting, tax, or financial advice from a professional accountant.