Leveraging its pet care industry focus and
extensive experience, PET|VET continues to build on its momentum
with ongoing growth completing more than 200 transactions and
$490 million in sales overall, and
the company is looking forward to a strong third quarter
GRAND JUNCTION,
Colo., Aug. 13, 2024 /PRNewswire/ -- In
continuing to build on its fast start this year,
PET|VET M&A, Sales & Advisory,
(https://www.petvetsales.com/), a premier brokerage and advisory
firm for the pet care industry, has announced its impressive
combined first and second-quarter 2024 results. The firm marked a
33 percent increase in deals closed and client business sales over
the same period in 2023, with the company working on a robust third
quarter.
The companies featured in PET|VET M&A, Sales
& Advisory's recent deals include:
- BARKS Dog Daycare, (https://barksdogdaycare.com/,
Savannah, GA), sold to Best
Friends Pet Hotel.
- Wag Resort, (https://www.wagresort.com/, Grand Junction, CO), sold to Best Friends Pet
Hotel.
- B&S Kennels, (https://bskennel.com/welcome,
Avon, IN), to Argos Partners.
- New Inn Kennels,
(https://newinnkennels.com/, East Haddam, CT), to a private party.
- A full-service pet resort in California to Pet
Resort Hospitality Group.
Based in Grand
Junction, Colorado, PET|VET M&A, Sales & Advisory is
unique in its industry, focusing exclusively on the selling of pet
resorts and veterinary practices to PE firms active in the pet care
space.
Following an unprecedented year with more than
$70 million in client business sales,
PET|VET M&A, Sales & Advisory has maintained its momentum
this year, increasing its total transactions to more than 200 and
sales volume exceeding $490 million,
on track to break the $500 million
threshold in Q3.
"Q3 is shaping up to be exceptionally strong. We
have deals in escrow poised to close, matching the combined dollar
volume of Q1 and Q2. Additionally, several structured auctions are
set to conclude, with all deals expected to close within the
quarter. Even if we only close the current escrowed transactions,
this will mark the best Q3 in our history," said Teija Heikkilä,
founder, CEO, and principal broker of PET|VET M&A, Sales &
Advisory.
Overall, the company has recently completed eight
transactions with Mosaic Capital Partners and its pet hotel
platform, Best Friends Pet Hotel.
The transaction involving The Wag Resort in
Grand Junction, CO, holds special
significance for Heikkilä, who founded the two-site pet resort 10
years ago. She said partnering with Best Friends Pet Hotel promises
to elevate the business to new heights and the fact that all
employees will participate in Best Friends' Employee Stock
Ownership Plan (ESOP) makes this partnership even more
rewarding.
"Our success, as we approach $500 million in sales, is deeply rooted in the
ongoing consolidation within the pet care industry," Heikkilä
added. "When we launched the company in 2007, we never could have
anticipated how the industry would evolve, let alone that it would
become the sole focus of our firm. The shift in how consumers view
and care for their pets has played a significant role in this
transformation."
Looking ahead, the company plans to appear at the
Superzoo trade show, (https://www.superzoo.org/) in Las Vegas, NV, on August 14-16, 2024, (Booth #6579), showcasing its
services and connecting with industry professionals.
About PET|VET M&A, Sales &
Advisory
Based in Grand
Junction, Colorado, PET|VET M&A, Sales & Advisory is
the premier brokerage and advisory firm exclusively focused on the
pet care industry.
Media Contact:
George Pappas
Conservaco/The Ignite Agency
562 857-5680
381728@email4pr.com
https://conservaco.com/
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