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Second Bite of the Apple Veterinary Practice: How Rollover Equity Works in 2026 PE Deals Key takeaways The second bite of the apple means a future payout from rollover equity when the PE-backed platform that bought your practice sells again, typically 3 to 7 years after your initial close. Rollover equity is not cash —…

Regional vs National Veterinary Consolidator: A 2026 Seller’s Guide to the Trade-Offs Key takeaways The regional vs national question is the wrong first question. The right question is whether you’re running a process that puts both types of buyers in competition — that structure is what drives outcomes, not which type of buyer you prefer…

How Veterinary Consolidators Find Practices in 2026 (And What It Means When They Call) Key takeaways Consolidators find practices long before owners think about selling. PE-backed acquisition teams run systematic data screens across thousands of practices and reach out proactively when your numbers fit their model — typically years before you would have listed. The…

How to Respond to an Unsolicited Offer for Your Veterinary Practice in 2026 Key takeaways Take the call — sign nothing. Respond warmly to any buyer’s outreach. Decline to execute any document — NDA, LOI, or exclusivity — until you have spoken with an advisor and understand what your practice is actually worth. A direct…

How to Compare Veterinary Practice Offers in 2026: Net Proceeds, Structure, and Terms Key takeaways Headline price is the wrong number to compare. The figure that matters is day-one cash-at-close — calculated by building a proceeds bridge for each offer: enterprise value minus debt, working capital adjustment, and holdback. Earnouts, rollover equity, and holdbacks are…