CavanaghKelly was delighted to act as Advisor on the sale of our client's two site NI Veterinary Practice to a UK Corporate which completed earlier this week.
This is our third successful sale within the sector in recent times.
As you may be aware, the structure of the veterinary industry has changed in recent years with a number of the larger corporate firms embarking on acquisition strategies.
These firms have also acquired practices in Northern Ireland and CavanaghKelly has acted for a number of vendors in successful sales over the last 18 months. We have detailed knowledge of the key drivers within the sector and have used this experience and expertise to secure attractive returns for our clients.
Whilst every business valuation will be different, the acquisition multiples and premiums being offered by these corporates is regarded as strong. In addition, they have offered promoters the opportunity to continue employment within the practice (if they so wish) post-sale.
We understand that appetite remains strong for further acquisitions and therefore practice owners may want to consider the options available to them at this time.
If you wish to discuss this potential opportunity please contact Michael Drumm (Head of Business Advisory).
Whilst every effort has been made by CavanaghKelly to ensure the accuracy of the information here, it cannot be guaranteed and neither CavanaghKelly nor any related entity shall have liability to any person who relies on the information herein. Information given here is for guidance only. Detailed professional advice should be taken before acting on any information contained herein. If having read the guidance here, you would like to discuss further; a member of our team would be pleased to help you.