Harris Williams Advises Individuals, Pets & Vets on its Sale to VetCor
Harris Williams, a worldwide funding financial institution specializing in M&A advisory companies, broadcasts it suggested Individuals, Pets & Vets (PPV), a portfolio firm of Cressey & Firm LP (Cressey), on its sale to VetCor, a portfolio firm of funds managed by Harvest Companions, LP (Harvest) and Cressey. PPV is a number one veterinary companies firm with animal hospitals positioned all through the US. The transaction was led by Whit Knier, Geoff Smith, Michael Mahoney, Rob Crampton and Sydney Pruitt of the Harris Williams Healthcare & Life Sciences (HCLS) Group.
“PPV administration and Cressey have completed an excellent job constructing one of many premier veterinary companies firms within the nation,” stated Geoff Smith, a managing director at Harris Williams. “It was a pleasure to work with them on this transaction, and we look ahead to following the continued success of the mixed group.”
“The mixture of PPV and VetCor brings collectively two best-in-class veterinary companies companies with excellent scientific reputations and represents an thrilling alternative to proceed the momentum PPV has constructed over the previous a number of years,” added Whit Knier, a managing director at Harris Williams.
PPV, based in 1992, is a number one veterinary companies firm with animal hospitals positioned all through the western and southern United States. Every hospital gives a variety of basic follow companies whereas making a constructive impression of their communities. By making a community of passionate professionals who work smarter, PPV has a powerful monitor report of main with affect, all the time doing the suitable factor, and making a relationship constructed on belief.
Based mostly in Chicago and Nashville, Tennessee, Cressey is a personal funding agency centered on constructing main healthcare companies and data expertise companies. With a historical past spanning 40 years, the Cressey crew is likely one of the most skilled and profitable within the healthcare personal fairness area.
Based in 1997, VetCor is likely one of the largest operators of veterinary practices in North America, with 549 areas throughout 40 states plus Canada. VetCor amenities present a full vary of basic medical surgical companies for pets in addition to pharmacy and ancillary companies resembling boarding and groom and different pet merchandise. The corporate has distinguished itself by selling the native identification of every hospital, providing a household pleasant work surroundings, offering administration, coaching and administrative help to its hospitals, and counting on the veterinarians of every hospital to handle their medical course.
Based in 1981, Harvest is a longtime New York-based personal fairness funding agency that focuses on investments in center market firms within the enterprise and industrial companies, shopper, healthcare, industrials, and software program industries. Harvest’s management technique leverages the agency’s over 40 years of expertise in natural financing and acquisition-oriented progress.
Harris Williams, an funding financial institution specializing in M&A advisory companies, advocates for sellers and patrons of firms worldwide by important milestones and gives considerate recommendation through the lives of their companies. By collaborating as one agency throughout Business Teams and geographies, the agency helps its shoppers obtain outcomes that help their goals and strategically create worth. Harris Williams is dedicated to execution excellence and to constructing enduring, valued relationships which are based mostly on mutual belief. Harris Williams is a subsidiary of the PNC Monetary Providers Group, Inc. (NYSE: PNC).
The Harris Williams HCLS Group has expertise throughout a broad vary of sectors, together with healthcare suppliers; payors and payor companies; outsourced pharmaceutical companies; medical gadget provide chain; healthcare IT; and pharmacy. For extra info on the HCLS Group and different current transactions, go to the HCLS Group’s part of the Harris Williams web site.
Harris Williams LLC is a registered broker-dealer and member of FINRA and SIPC. Harris Williams & Co. Ltd is a personal restricted firm included below English regulation with its registered workplace at eighth Ground, 20 Farringdon Road, London EC4A 4AB, UK, registered with the Registrar of Firms for England and Wales (registration quantity 07078852). Harris Williams & Co. Ltd. is permitted and controlled by the Monetary Conduct Authority. Harris Williams & Co. Company Finance Advisors GmbH is registered within the industrial register of the native court docket of Frankfurt am Primary, Germany, below HRB 107540. The registered tackle is Bockenheimer Landstrasse 33-35, 60325 Frankfurt am Primary, Germany (e-mail tackle: [email protected] ). Geschäftsführer/Administrators: Jeffery H. Perkins, Paul Poggi. (VAT No. DE321666994). Harris Williams is a commerce title below which Harris Williams LLC, Harris Williams & Co. Ltd and Harris Williams & Co. Company Finance Advisors GmbH conduct enterprise.
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