Patterson Companies - M&A Summary and Business Overview

DistributionCompany

Patterson Companies M&A Summary

Patterson Companies has acquired 26 companies, including 4 in the last 5 years. A total of 6 acquisitions came from private equity firms. It has also divested 1 asset.

Patterson Companies’ largest acquisition to date was in 2015, when it acquired Animal Health International for $1.1B. It’s largest disclosed sale occurred in 2015, when it sold Performance Health to Madison Dearborn Partners for $715M. Patterson Companies has acquired in 14 different US states, and 3 countries. The Company’s most targeted sectors include distribution (35%) and medical products (18%).

Patterson Companies Business Overview

Where is Patterson Companies headquartered?

Patterson Companies is headquartered in St. Paul, Minnesota.

What is Patterson Companies’ revenue?

Patterson Companies disclosed revenue of 6,499M USD for 2022 and 5,912M USD for 2021.

How many employees does Patterson Companies have?

Patterson Companies has 7,800 employees.

What sector is Patterson Companies in?

Patterson Companies is a distribution company.

When was Patterson Companies founded?

Patterson Companies was founded in 1877.

M&A Summary

  • M&A Total Activity24
    • M&A Buy Activity23
    • M&A Sell Activity1
  • Total Sectors Invested 9
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 12
  • M&A Advisors 2

Patterson Companies

Patterson Companies, Inc.

1031 Mendota Heights Road,
St. Paul, Minnesota 55120
United States,
(651) 686-1600
www.pattersoncompanies.com

Patterson Companies is a specialty distributor serving the dental, veterinary and rehabilitation supply markets. Patterson's largest business unit is Patterson Dental. Patterson Dental has operations in the United States and Canada and is a full-service, value-added supplier to dentists, dental laboratories, institutions, and other healthcare professionals. Patterson Dental provides consumable products (including x-ray film, restorative materials, hand instruments and sterilization products); basic and advanced technology dental equipment; practice management and clinical software; patient education systems; and office forms and stationery. Patterson Companies was founded in 1877 and is based in St. Paul, Minnesota.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.8/yr) # 19 - 1 3 - - 23
vol $1.7B $1.7B
Sell (0.0/yr) # 1 - - - - - 1
vol $715M $715M
  24

Most Recent M&A

Company Date Value Type
Dairy Tech, Inc. 2022-11-14 - Add-on Acquisition
Windsor, Colorado · www.dairytechinc.com
Relief Services for Veterinary Practitioners 2022-11-07 - Add-on Acquisition
Denton, Texas · www.reliefvet.com
Animal Care Technologies 2022-11-07 - Add-on Acquisition
Denton, Texas · www.home.4act.com
Miller Vet Holdings LLC 2021-04-26 - Add-on Acquisition
West Point, Nebraska · www.millervet.supply
Performance Health 2015-08-28 715M USD Divestiture
Warrenville, Illinois · www.performancehealth.com
Animal Health International, Inc. 2015-05-04 1.1B USD Add-on Acquisition
Westlake, Texas · www.animalhealthinternational.com
Holt Dental Supply, Inc. 2014-12-15 - Add-on Acquisition
Waukesha, Wisconsin
Mercer Mastery, Inc. 2013-07-31 - Divestiture
Scottsdale, Arizona
National Veterinary Services Ltd. 2013-07-10 - Divestiture
Staffordshire, United Kingdom · www.vetwholesaler.co.uk
Iowa Dental Supply LLC 2012-09-10 - Add-on Acquisition
Grimes, Iowa
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Distribution 8 (35%) 575M (34%) 1 (100%) 715M (100%)
Medical Products 4 (17%) 1.1B (65%) - -
Healthcare Services 3 (13%) 22M (1%) - -
Information Technology 2 (9%) - - -
Technology Hardware 2 (9%) - - -
Education 1 (4%) - - -
Life Science 1 (4%) - - -
Packaging 1 (4%) - - -
Software 1 (4%) - - -
Total 23 $1.7B 1 $715M

By Geo

State/Country Buy Value Sell Value
United States 18 1.7B 1 715M
  Texas 3 1.1B - -
  Illinois 2 575M 1 715M
  Arizona 2 - - -
  Wisconsin 1 - - -
  Washington 1 - - -
  Tennessee 1 - - -
  South Carolina 1 22M - -
  Pennsylvania 1 - - -
  New York 1 - - -
  Nebraska 1 - - -
  Iowa 1 - - -
  Georgia 1 - - -
  Colorado 1 - - -
  California 1 - - -
Australia 3 - - -
United Kingdom 2 - - -
Domestic 18 (78%) 1.7B (100%) 1 (100%) 715M (100%)
Cross-border 5 (22%) - - -
Total 23 $1.7B 1 $715M

Top M&A Advisors

Financial Deals
BofA Securities
 2
Legal Deals
Briggs and Morgan, P.A.
 1

Deal Values

buy # Total
> $1B 1 $1.1B
$100M to $1B 1 $575M
< $100M 1 $22M
TOTAL $1.7B
Largest Animal Health International, Inc.
$1.1B (2015-05-04)
sell # Total
$100M to $1B 1 $715M
TOTAL $715M
Largest Performance Health
$715M (2015-08-28)

M&A Connections

Deals
Acquired from
Investor(s)
13%
3 (13%)
Strategic(s)
26%
6 (26%)
Divested to
Investor(s)
100%
1 (100%)

Company Summary

SECTOR

Distribution

Revenue

6,499   10% 2022
5,912   8% 2021
5,490   2% 2020
5,575   2% 2019
5,466   3% 2018
5,593   4% 2017
5,387   24% 2016
4,375   8% 2015
4,063   12% 2014
3,637   2013
(millions of USD) Show More Show Less

Employees

7,800

Established

1877

Public

NASDAQ: PDCO

Former Name

Patterson Dental Co.

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