Case Study
Case Study
Baker Tilly Capital advises specialty veterinary hospital on recapitalization
Client need
A nationally recognized specialty veterinary hospital approached Baker Tilly Capital seeking to recapitalize the business to accomplish the following objectives:
- Raise outside capital to expand the practice through both the opening of new facilities and the pursuit of select mergers and acquisitions (M&A)
- Diversification of the owner’s net worth
The veterinary hospital chose Baker Tilly Capital as its investment bank to conduct a marketing process designed to identify a private equity firm supportive of the organization’s mission, core values and vision for growth.
Baker Tilly Capital solution
Baker Tilly Capital worked closely with the practice leaders throughout the recapitalization process. With our knowledge and understanding of both the veterinary services industry and the private equity community, our team strategically positioned the practice and identified potential suitors that met the desired traits and parameters set forth by the hospital.
Results
Baker Tilly Capital developed a tailored list of potential partners and evaluated their strategic fit with the veterinary hospital. As the process unfolded, the list of suitors was narrowed based upon a variety of factors, including proposed transaction terms, cultural fit and ability to serve as a strategic resource in support of the specialty veterinary hospital’s growth plans. Ultimately, the hospital chose to partner with a middle-market private equity group that is backed by patient, flexible capital with no set time horizon. The deal successfully closed on June 30, 2017.
The Baker Tilly Capital team was invaluable in identifying the right private equity partner to assist us in achieving our strategic objectives. From day one, Baker Tilly Capital took the time to understand our business model, service mix, client base and financial performance. Most importantly, they dedicated time to understanding our growth plans and culture so that they could find potential partners that met our needs. From beginning to end, the Baker Tilly Capital team was supportive, actively engaged and responsive to our needs and questions. As a result of this transaction, our company is better positioned to scale and expand the reach of our service offerings beyond our current footprint.Chief of Staff
For more information on this deal, or to learn how Baker Tilly Capital specialists can help, contact our team.
