OMERS Private Equity (OPE) is investing in a range of animal-care services, obtaining a minority stake in National Veterinary Associates (NVA).
The private equity arm of the Ontario Municipal Employees Retirement System (OMERS) announced that it has “entered into a definitive agreement” to acquire the minority stake in NVA. Financial terms were not disclosed.
“NVA is the largest independent owner-operator of veterinary hospitals, pet boarding and daycare centers in the United States, Canada, Australia, and New Zealand with 502 locations and more than 1,800 affiliated veterinarians,” states an OMERS’ press release. The group offers a full range of medical and surgical procedures.
“We’re proud of the work we do every day to support more than 1,800 veterinarians and 7,000 team members at NVA practices around the country as they provide high-quality care to pets,” Greg Hartmann, Chief Executive Officer of NVA, is quoted saying.
“ … we are collectively eager to welcome OMERS Private Equity as an investor.”
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