New York – February 25, 2022 – AEA Investors’ (“AEA” or the “Firm”) Middle Market Private Equity team announced this week that its fund has closed the acquisition of AmeriVet Partners Management, Inc. (“AmeriVet” or the “Company”) alongside an LP Co-Investor. AmeriVet is a leading veterinary services platform with approximately 140 animal hospitals across more than 30 states, making it the tenth largest platform in the United States. Headquartered in San Antonio, Texas, the Company has approximately 2,200 employees, including over 350 partner veterinarians. AmeriVet typically seeks to enter into joint-venture partnerships with veterinarians to ensure alignment with its sellers while maintaining a highly engaged and satisfied clinic team to provide superior quality care for companion animals. Since its founding in 2016, AmeriVet has earned a reputation for maintaining clinical autonomy over animal health while driving operational improvements through enhanced scheduling, better procurement and corporate-level recruiting assistance. AEA’s investment in AmeriVet represents an exciting opportunity to invest in a highly differentiated veterinary services platform with best-in-class operational capabilities and strong key performance indicators.
AEA Investors LP was founded in 1968 by the Rockefeller, Mellon and Harriman family interests and S.G. Warburg & Co. as a private investment vehicle for a select group of industrial family offices with substantial assets. AEA has an extraordinary global network built over many years which includes leading industrial families, business executives and leaders; many of whom invest with AEA as active individual investors and/or join its portfolio company boards or act in other advisory roles. Today, AEA’s approximately 100 investment professionals operate globally with offices in New York, Stamford, San Francisco, London, Munich and Shanghai. The firm manages funds that have over $14 billion of invested and committed capital including the leveraged buyouts of middle market companies and small business companies, growth capital and mezzanine and senior debt investments.
AmeriVet, founded in 2016 and headquartered in San Antonio, Texas, is a majority owner of approximately 140 veterinary practices in more than 30 states. The Company prides itself on its partnership model of veterinary practice ownership, encouraging veterinarians to maintain ownership in their practice while benefiting from the operational tools and best practices that AmeriVet has developed. AmeriVet is focused on acquiring majority ownership positions in well run, high quality and ethical veterinary practices across America. For more information, visit www.amerivet.com.
Joele Frank, Wilkinson Brimmer Katcher
Jon Keehner & Erik Carlson
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