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Gryphon-Backed Heartland Veterinary Partners Acquires Family Vet Group

Jul 25, 2022•over 3 years ago

Acquiring Company

Heartland Veterinary Partners

Acquired Company

Family Vet Group

VeterinaryPetAnimal FeedNon ProfitBiotechnologyHealth CareVeterinaryPetAnimal FeedHealth Care

Description

Heartland Veterinary Partners ("Heartland" or "the Company"), a leading veterinary support organization in the United States, announced today that it has acquired Family Vet Group ("FVG" or "the Company"), a leading provider of general practice veterinary care. Terms of the deal were not disclosed.

Company Information

Company

Heartland Veterinary Partners

About

Heartland Veterinary Partners is one of the highest-quality and fastest-growing veterinary support organizations in the United States, with practices located across a wide swathe of the country. Heartland's mission is to improve the lives of veterinarians and those that support them, which they accomplish through their values-focused approach to veterinary practice acquisitions and partnerships with independent practicing veterinarians. For more information, please visit www.heartlandvetpartners.com.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed