Coming off a record year in 2023, PET|VET continues to drive
its ongoing growth with four recent client sales, delivering more
than 200 transactions and $466
Million in sales overall
GRAND
JUNCTION, Colo., April 16,
2024 /PRNewswire/ -- Picking up from its record
year in 2023, PET|VET M&A, Sales & Advisory,
(https://www.petvetsales.com/ ), a premier brokerage and advisory
firm for the pet care industry, is off to a fast start announcing
today a strong first quarter 2024 performance, delivering client
business sales of more than $16.6
million.
The companies featured in PET|VET M&A, Sales &
Advisory's recent client business sales include:
- Fit N Furry, (https://www.fitnfurry.com/, Petaluma, CA).
- Wagbnb, (https://www.wagbnb.com/, Lubbock, TX).
- The Hipster Hound (2 locations), (https://www.hipsterhound.net,
Savannah, GA).
- All American Pet Resort,
(https://www.allamericanpetresorts.com/rochester-hills/,
Rochester Hills, MI).
Following its unprecedented year with more than $70 million in client business sales, PET|VET
M&A, Sales & Advisory has maintained its impressive
momentum this year increasing its total transactions to more than
200 and sales volume exceeding $466
million.
Based in Grand Junction,
Colorado, PET|VET M&A, Sales & Advisory is unique in
its industry as it is exclusively focused on the selling and
advising of pet resorts and veterinary practices.
This industry expertise has enabled PET|VET M&A, Sales &
Advisory to deliver a 96 percent closing rate on its deals,
securing a 20% higher transaction value than those managed by FSBO
and generic brokers.
Best Friends Pet Care, (https://bestfriendspetcare.com/ ), the
country's first and longest-running play & stay pet destination
with nearly 50 locations nationwide, purchased three of PET|VET's
clients, Fit N Furry, Wagbnb, and The Hipster Hound. All American
Pet Resort was purchased by a private buyer.
"PET|VET is exceedingly optimistic about the substantial M&A
activity witnessed in the pet care sector during the first quarter
of 2024," said Teija Heikkilä, the founder, CEO, and principal
broker of PET|VET M&A, Sales & Advisory. "Building upon the
momentum of an exceptional year in 2023, where we shattered records
and surpassed existing multipliers, we extend our heartfelt
gratitude to all our clients for their trust in us with the most
important financial decision of their lives."
Heikkilä added: "As the pet care industry is attracting a
growing influx of private equity firms, we anticipate sustained
sales growth throughout the remainder of the year. For any business
owner in the pet industry contemplating an exit in 2024 or 2025, we
strongly encourage initiating that dialogue now by reaching out to
us for a confidential consultation."
PET|VET M&A, Sales & Advisory was recently recognized
for the second year in a row with the 2023 DealStats Hall of Fame
award by BVR, (https://www.bvresources.com /), for having the
highest number of transactions in the pet care space.
"Working with Teija and her team at PET|VET was the best
experience I have ever had with consultants. They found the
absolute best buyer for my business, and orchestrated the entire
process with constant communication, attention to detail, and
ease," said Stephen Quisenberry,
owner of Wagbnb.
Jared Pinsker, CEO of Best
Friends Pet Care, added: "PET|VET's growth is a testament to their
unparalleled expertise in the pet care sector. Their dedication to
excellence and commitment to their clients' success sets a
benchmark that truly resonates within the industry. We are
continually impressed by their professionalism and the substantial
value they add to every transaction."
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
376228@email4pr.com
https://conservaco.com/
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SOURCE PET|VET M&A, Sales & Advisory