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 BBHCP Private Equity 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) BBHCP Private Equity
Deal Type Add-on Acquisition
Deal Value 1.7B USD

Target

Ethos Veterinary Health

Woburn, Massachusetts, United States
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

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 M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Massachusetts M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2021 M&A 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-11 VetPartners

Macquarie Park, Australia

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

Sell -

Seller(S) 1

SELLER

BBHCP Private Equity

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1997
PE ASSETS 3.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

BBHCP Private Equity is a provider of junior capital solutions for lower middle-market companies throughout the US. The Firm looks to invest $50 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. BBHCP Private Equity is an affiliate of Brown Brothers Harriman and is headquartered in New York, New York.


DEAL STATS #
Overall 7 of 11
Sector: Healthcare Services M&A 3 of 4
Type: Add-on Acquisition M&A Deals 3 of 3
State: Massachusetts M&A 1 of 1
Country: United States M&A 7 of 11
Year: 2021 M&A 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-22 Gifted Healthcare

Metairie, Louisiana, United States

Gifted Healthcare is a nurse-owned and operated company that provides creative workforce solutions for healthcare partners and outstanding career opportunities to clinicians. GIFTED Healthcare was founded in 2006 and is based in Metairie, Louisana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-18 Granite Group

Concord, New Hampshire, United States

Granite Group distributes plumbing, heating, cooling, piping, water systems, and energy products to contractors and fuel dealers across New England through 66 wholesale branches. Granite Group was founded in 1971 and is based in Concord, New Hampshire.

Buy -