M&A Deal Summary

Berkshire Partners Acquires Vet Strategy

On July 31, 2020, private equity firm Berkshire Partners acquired healthcare services company Vet Strategy from Imperial Capital

Acquisition Highlights
  • This is Berkshire Partners’ 4th transaction in the Healthcare Services sector.
  • This is Berkshire Partners’ 4th transaction in Canada.
  • This is Berkshire Partners’ 3rd transaction in Ontario.

M&A Deal Summary

Date 2020-07-31
Target Vet Strategy
Sector Healthcare Services
Buyer(s) Berkshire Partners
Sellers(s) Imperial Capital
Deal Type Secondary Buyout

Target

Vet Strategy

Woodbridge, Ontario, Canada
Vet Strategy is a provider of Veterinary practice management services partnering with veterinarians and enabling them to focus on practicing first-rate medicine. Vet Strategy is based in Scarborough, Ontario.

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Buyer(S) 1

Buyer

Berkshire Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 16.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Berkshire Partners is a private equity firm focused on investing in businesses with strong management and that lead their respective markets. Berkshire will consider investments in both public and private companies. Prospective transactions for private companies include leveraged buyouts, recapitalizations, growth capital financings, and privatizations. Public company transactions include take-privates, PIPEs, and equity stakes. Berkshire generally looks to invest $150 to $500 million of equity capital per transaction in companies valued up to $2 billion. Sectors of interest include industrial manufacturing, consumer products, retailing, transportation, communications and business services. Berkshire Partners was formed in 1984 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 84 of 105
Sector: Healthcare Services M&A 4 of 4
Type: Secondary Buyout M&A Deals 15 of 23
State: Ontario M&A 3 of 3
Country: Canada M&A 4 of 4
Year: 2020 M&A 2 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-24 CrossFit

Prescott, Arizona, United States

CrossFit is a platform to improve health, happiness, and performance. CrossFit is committed to creating a welcoming and inclusive environment for everyone, and millions of people have already experienced CrossFit’s transformational benefits through workouts in more than 14,000 affiliated gyms across 158 countries. CrossFit also operates the annual CrossFit Open, through which athletes at every level compete worldwide, culminating in the CrossFit Games where top athletes compete for the title of Fittest on Earth. CrossFit was formed in 1974 and is based in Prescott, Arizona.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-02 AHEAD

Chicago, Illinois, United States

AHEAD is a consulting company that helps enterprises transform how and where they run applications and infrastructure. AHEAD creates tailored cloud solutions for enterprises at all stages of the cloud journey. AHEAD was founded in 2007 and is based in Chicago, Illinois.

Buy -

Seller(S) 1

SELLER

Imperial Capital

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 4.8B CAD
Size Large
Type Sector Focused
DESCRIPTION

Imperial Capital Group is a private equity firm focused on investments and acquisitions in the healthcare, business services, and consumer services sectors. The Firm will consider opportunities throughout the US and Canada and generally looks at companies with $20 to $250 million of revenue and up to $40 million of EBITDA. Imperial Capital Group was formed in 1989 and is headquartered in Toronto.


DEAL STATS #
Overall 10 of 14
Sector: Healthcare Services M&A 4 of 5
Type: Secondary Buyout M&A Deals 4 of 5
State: Ontario M&A 1 of 2
Country: Canada M&A 3 of 4
Year: 2020 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-01 NeuroInternational Healthcare

Sarasota, Florida, United States

NeuroInternational Healthcare is a neurobehavioral supported and assisted living program for individuals with acquired and traumatic brain injuries (ABI/TBI) situated in world-class facilities. NeuroInternational Healthcare is based in Sarasota, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-01 Hera Health

Alexandria, Virginia, United States

Hera Health is a women’s health practice consolidator. Hera seeks to improve the lives of women and their babies, reduce the cost of healthcare for payors and foster a positive work environment for physicians. Hera Health is based in Alexandria, Virginia.

Buy -