Lupton Fawcett advises West Yorkshire veterinary practices bought by national operator
A group of veterinary practices located in Pontefract and South Elmsall have been acquired from Nick and Lynn Patrick by Medivet, the UK’s largest independent operator of veterinary practices, for an undisclosed sum.
The practices which trade under the name “Bartram & Patrick” were established over 30 years ago and employ 30 people.
Medivet, which has 210 branches across the UK, approached the shareholders having identified the business as a good strategic fit both in terms of the way the practices operate and their geographical location.
The selling shareholders were advised by Dan McCormack, corporate finance director of Lupton Fawcett and Chris Dix of CW Dix Accountants, who also brokered the deal on behalf of the sellers.
Nick Patrick commented:
“We are proud to have built extremely successful and highly respected practices in this part of West Yorkshire.
“The fact that Medivet recognised our achievements and wanted us to be part of its national network is in no small part down to the team we have grown around us. It's great to have finally achieved completion of the deal – the support throughout the process from Dan and Chris was invaluable".
“Under the new ownership it will be business as usual and we look forward to enhancing the services we can provide to our loyal customer base who trust us to look after their pets.”
Commenting on the acquisition, CEO of Medivet, Arnold Levy said:
“We have successfully grown the Medivet business by identifying well run practices which have built a loyal customer base across the UK.
“We were particularly impressed with the practices operated by Nick and Lynn Patrick. The acquisition is a perfect strategic fit for Medivet and we are pleased that the shareholders have been able to achieve a well-deserved exit."