You have dedicated your professional career to building a premier practice in what has been an entrepreneurial, fragmented industry. In recent years, however, the industry itself has started to consolidate and become more corporate, bringing with it new opportunities for independent practices like yours and, potentially, future threats for practices that remain independent.
Well-financed industry consolidators are enticing premier practices like yours with historically attractive opportunities. These opportunities include:
the highest business valuations in the industry's history,
capital for growth,
economies of scale, and
the opportunity to collaborate with other premier practices around the country.
Thus, you find yourself considering how and when to best respond to this industry evolution. But, how can you be sure to discover the most attractive possibilities truly available to you? By finding the right partner to help you.
Cavanaugh Partners was established to help you navigate this new industry consolidation phase, so that you, as the practice owner, and your practice are best positioned for the future. We listen to you in order to understand your objectives and concerns. We educate and advise you regarding what is achievable in today's market, we help you discover all of the possibilities actually available to you and we help you optimize any desired strategic transaction. We partner with, and advocate for, you so that you exceed your objectives, both qualitatively and quantitatively.
Cavanaugh Partners is a financial adviser with a very narrow focus – we represent only specialty-emergency veterinary practices seeking to capitalize upon the opportunities presented by the industry's consolidation. We complement your medical and business expertise in this industry with our expertise in financial analysis, business valuation and transaction negotiation in this same industry.
Cavanaugh Partners “levels the playing field” for you as you interact, perhaps for the first time, with industry consolidators and their financially sophisticated private equity partners. They leverage the financial and transactional expertise of advisers -- why shouldn't you? Retaining Cavanaugh Partners reduces your risk of both failing to consider and failing to execute the optimal transitional transaction. In short, we bridge the gap between where you are now and where you want to be, making the process smoother, more certain and more remunerative for you.
We strive to make partnering with Cavanaugh Partners during this critical transition the best decision you can make for yourself and your practice.
The Clients We Serve
Our clients own great specialty-emergency veterinary practices. They understand that building a great practice and building a great business go hand in hand, because each requires the other.
These owners have built successful practices by wisely capitalizing upon the opportunities presented by each phase of the industry’s evolution to date. Now, they seek to continue this winning strategy, this time by capitalizing upon the unique opportunities being presented by this consolidation phase. They focus on making the right decision with the right people at the right time, in order to secure the brightest future for their practices and themselves.
Why Now and Why Us?
Timing is everything. This industry consolidation offers to independent practices very attractive opportunities today that could become potential threats tomorrow for those that remain independent.
As any industry consolidation phase matures, the balance of power typically shifts from those being consolidated to the consolidator. Thus, once a consolidation phase has become sufficiently competitive, as this one has, independent businesses typically "get the best deal" by acting sooner, rather than later. Moreover, the steady decline in interest rates over the past decade, which has helped drive valuations higher, appears to have recently started reversing course. If interest rates increase significantly from their low current levels, as many expect, this could serve to depress business valuations in the future from their currently lofty levels. Thus, "striking while the iron is hot" appears to make good sense.
Selecting an adviser -- the most experienced adviser -- is critically important. Cavanaugh Partners provides you, the practice owner, with several key benefits:
- We represent you – we listen to, and advocate for, you -- and we win only if you win
- Our representation typically increases your attainable business value by several times more than the total amount of fees we charge;
- We minimize your transaction workload and risk of failing to secure the right transaction.
- Cavanaugh Partners has the most experience in this industry, having advised on more than $175 million of closed transactions for independent specialty-emergency veterinary practices in just the past 2 years.
Let us show you why choosing Cavanaugh Partners is the best decision you can make.