OPTrust acquires minority stake in Imperial Capital-backed AmeriVet
Summary
“This transaction is a strong validation of AmeriVet’s business model and our mission to provide veterinarians with a better option than selling 100% of their practice,” said Thomas Thill, President and CEO of AmeriVet. “With this additional capital and strong partnership with OPTrust, AmeriVet will be able to reach more veterinarians and add to our network of partner practices across the country.” Sandra Bosela, Managing Director and Global Head of Private Equity of OPTrust, added, “AmeriVet has established itself as a leading veterinary services company with a differentiated joint venture acquisition model. AmeriVet is focused on acquiring majority ownership positions in well run, high quality and ethical veterinary practices across America. OPTrust is a global investor in a broad range of asset classes including Canadian and foreign equities, fixed income, real estate, infrastructure and private markets, and has a team of highly experienced investment professionals located in Toronto, London and Sydney. About Imperial Capital Toronto-based, Imperial Capital is a leading lower middle market private equity firm focused on North American opportunities to build or acquire growth-oriented platform investments in targeted industry niches within healthcare, business and consumer services industries.