M&A Deal Summary

National Veterinary Associates Acquires Ethos Veterinary Health

On August 16, 2021, National Veterinary Associates acquired healthcare services company Ethos Veterinary Health from BBH Capital Partners for 1.7B USD

Acquisition Highlights
  • This is National Veterinary Associates’ 1st transaction in the Healthcare Services sector.
  • This is National Veterinary Associates’ largest (disclosed) transaction.
  • This is National Veterinary Associates’ 1st transaction in the United States.
  • This is National Veterinary Associates’ 1st transaction in Massachusetts.

M&A Deal Summary

Date 2021-08-16
Target Ethos Veterinary Health
Sector Healthcare Services
Buyer(s) National Veterinary Associates
Sellers(s) BBH Capital Partners
Deal Type Add-on Acquisition
Deal Value 1.7B USD

Target

Ethos Veterinary Health

Woburn, Massachusetts, United States
website
Ethos Veterinary Health is a provider of specialty veterinary health services, including 24/7 emergency care, surgical procedures, radiology services and internal medicine. Ethos operates 21 specialty and emergency hospitals and employs over 300 doctors of veterinary medicine. Ethos Veterinary Health was founded in 2015 and is based in Woburn, Massachusetts.

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Buyer(S) 1

Buyer

National Veterinary Associates

Agoura Hills, California, United States

website


Category Company
Founded 1996
Sector Consumer Services
DESCRIPTION

National Veterinary Associates, Inc. is one of the largest veterinary and pet care services organizations in the world. NVA partners with over 700 general practice hospitals, specialty + ER hospitals, equine hospitals, and pet resorts in the U.S., Canada, Australia, and New Zealand. NVA’s 14,000 team members and 2,600 veterinarians are united by a common purpose – a love for animals and the people who love them – and a common mission – to improve the comfort and well-being of animals by providing progressive and compassionate care. NVA’s veterinarians and animal care professionals provide a full range of medical and surgical services. T


DEAL STATS #
Overall 1 of 1
Sector (Healthcare Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Massachusetts) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-11 VetPartners Australia

Macquarie Park, Australia

VetPartners Australia is a provider of veterinary services ranges from basic preventative healthcare advice and services, through to higher acuity complex surgery. VetPartners Australia was founded in 2016 and is based in Macquarie Park, Australia.

Sell -

Seller(S) 1

SELLER

BBH Capital Partners

Investor Investor Investor Investor Investor

website


Category Mezzanine Finance Firm
Founded 1997
PE ASSETS 1.8B USD
Size Large
Type Sector Agnostic
DESCRIPTION

BBH Capital Partners is a provider of junior capital solutions for lower middle-market companies throughout the US. The Firm looks to invest $10 to $150 million in businesses valued between $20 and $750 million. BBH does not have any sector preferences and seeks to support a variety of transaction situations, including recapitalizations, growth capital financings, and acquisitions. BBH Capital Partners is an affiliate of Brown Brothers Harriman and is headquartered in New York City.


DEAL STATS #
Overall 7 of 7
Sector (Healthcare Services) 3 of 3
Type (Add-on Acquisition) 3 of 3
State (Massachusetts) 1 of 1
Country (United States) 7 of 7
Year (2021) 1 of 1
Size (of disclosed) 1 of 2
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Clever Devices is a developer of technology solutions for all modes of transit. Clever Devices product line includes highly innovative, state-of-the-art technologies such as CAD/AVL, AVM, BusTime, AVA, APC, TurnWarning, Infotainment and Business Intelligence tools. Clever Devices was founded in 1988 and is based in Woodbury, New York.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-23 Quest Technology Management

Roseville, California, United States

Quest Technology Management is a technology integrator provides a variety of services, including cybersecurity, managed and cloud services, disaster recovery, infrastructure, and other professional services. Quest Technology Management was founded in 1982 and is based in Roseville, California.

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