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Sell My Veterinary Practice: A 2026 Owner’s Decision Guide A vet sat across from me at dinner last fall who had been thinking about selling for two years. He’d just received the third direct PE-backed offer in 90 days. He thought he was ready to pick one. The first offer came in around 8.5x EBITDA.…

Selling Your Veterinary Practice to Banfield: A Vet’s 2026 Guide Key takeaways Banfield Pet Hospital is a Mars Veterinary Health-affiliated brand operating over 1,000 US locations, with most locations situated inside PetSmart retail stores. Banfield’s growth model is structurally different from the rest of the US veterinary acquirer pool. Banfield has historically grown through greenfield…

Selling Your Veterinary Practice to Ethos Veterinary Health: A Vet’s 2026 Guide Key takeaways Ethos Veterinary Health is a US specialty and emergency veterinary hospital network — and as of 2022-2023, per public announcements at the time, Ethos is owned by NVA (National Veterinary Associates). Sellers receiving an Ethos-branded offer are effectively engaging with NVA’s…

Selling Your Veterinary Practice to Alliance Animal Health: A Vet’s 2026 Guide Key takeaways Alliance Animal Health is a mid-market US veterinary practice consolidator sponsored by L Catterton — the largest global consumer-focused private equity firm. The consumer-PE-meets-brand-preservation combination is what distinguishes Alliance from competitors. L Catterton’s consumer-services investment heritage shapes operational discipline around customer…

Selling Your Veterinary Practice to Thrive Pet Healthcare: A Vet’s 2026 Guide Key takeaways Thrive Pet Healthcare (formerly Pathway Vet Alliance) is one of the larger US veterinary practice consolidator platforms, headquartered in Austin, Texas. TSG Consumer Partners is the platform’s financial sponsor — a San Francisco-based PE firm whose consumer-investment heritage shapes Thrive’s brand-forward…