Following a record sales year in 2023, PET|VET M&A, Sales & Advisory continues to lead the pet care M&A industry with impressive continued growth delivering over 200 transactions and $450 million in sales in general
GRAND JUNCTION, Colo., March 12, 2024 /PRNewswire/ — PET|VET M&A, Sales & Advisory, (https://www.petvetsales.com/), the pet industry’s leading brokerage and advisory firm, today announced the recent sale of three leading brands of pet care and five assets generally in private equity firm, Trivest Partners LP, and its pet services platform, Pet Resort Hospitality Group.
Companies featured in the bundled asset transaction include:
Teija Heikkilä (Pictured), is the founder, CEO, and principal broker of PET|VET M&A, Sales & Advisory, (https://www.petvetsales.com/ ). His company, the pet industry’s leading brokerage and advisory firm, announced the recent sale of three leading pet care brands and five assets overall to private equity firm, Trivest Partners LP The company delivers an impressive 96 percent closing rate on its deals and brings in a 20% higher price on its transactions than FSBO and generic brokers.
- Meadowlake Pet Resort and Training Center, (https://www.meadowlakepetresort.com/, based in Houston, TX), a two-location resort owned and operated by an industry veteran Carroll Ray for more than 20 years.
- Playtime Pet Resort, (https://playtimepetresort.com/, Philadelphia, PA), with two locations serving of Philadelphia Main Line community.
- Williamsburg Pet Hotel and Suites, (https://williamsburgpethotels.com/, St. Louis, MO), a third generation family owned and operated business.
PET|VET M&A, Sales & Advisory is coming off a record year, with more than $70 million in client business sales in 2023 alone, increasing its total transactions to more than 200 and the volume of sales exceeded $450 million. The company also delivers an impressive 96 percent closing rate on its deals and carries a 20% higher price on its transactions than those from FSBO and generic brokers.
According to Grand Junction, ColoradoPET|VET M&A, Sales & Advisory is unique in its industry because it focuses exclusively on the sale and advisory of pet resorts and veterinary practices.
Trivest Partners LP, (www.trivest.com ), headquartered in Miamiis a private investment company, and Pet Resort Hospitality Group, (www.petresorts.love ), is a provider of pet services.
PET|VET M&A, Sales & Advisory clients in the transaction are represented by the M&A team from Denver-based law firm Sherman & Howard, (https://shermanhoward.com/).
“The unprecedented success of this bundled asset sale has far exceeded our initial expectations,” said Teija Heikkilä, the founder, CEO, and principal broker of PET|VET M&A, Sales & Advisory. “Not only did our clients secure historically high pricing multiples, setting unprecedented benchmarks within the industry, but we also witnessed the highest level of participation from leading private equity firms. This diligent engagement resulted in impressive valuations for the assets involved.”
Dan Gardnerco-owner of Playtime Pet Resort, praised the firm’s professional approach: “Working with PET|VET we had the most amazing professional investment banking experience I’ve had in my entire career. It’s not Teija and his team have it down to a science. Their market insight, buyer network, and negotiation expertise are invaluable. They found us the perfect buyer, and gave us great value, ensuring the legacy and growth of our brand in the future.”
Sherman & Howard M&A Attorneys Bill Pepper echoed the sentiments of his client: “Working with Teija makes every transaction go as smoothly as possible. Sellers know they are being treated fairly and see the hard work and care that PET|VET gives to each client. We are honored to work with to them. PET|VET, Trivest, and each of these wonderful clients to achieve a successful outcome for all.”
Going forward, PET|VET M&A, Sales & Advisory is launching a targeted marketing mailer campaign to showcase its recent successes and the unique services it offers to the pet care industry.
About PET|VET M&A, Sales and Advisory
According to Grand Junction, ColoradoPET|VET M&A, Sales & Advisory is the leading brokerage and advisory firm dedicated exclusively to the pet care industry.
Media Contact:
George Pappas
Conservaco/The Ignite Agency
562 857-5680
[email protected]
https://conservaco.com/
SOURCE PET|VET M&A, Sales and Advisory
