“Working with Garrett Monroe to sell my business was a great experience. He was diligent throughout the entire process, always available to answer my questions, proactively following up, and resolved any challenges that arose. I couldn’t be happier with the outcome.”
– Joann Jeffrey, Former Owner, Jeffrey Animal Hospital, Farmington Hills, MI (Seller)
“I can’t say enough about how pleased I was with my experience working with Calder Capital. Garrett Monroe and Calder did an exceptional job from start to finish and helped sell my business for more than I had hoped for. Thank you, Garrett, for all of your hard work.”
– Brad Jeffrey, Former Owner, Jeffrey Animal Hospital, Farmington Hills, MI (Seller)
Transaction Summary
Calder Capital, a nationwide mergers and acquisitions advisory firm, is pleased to announce the successful acquisition of Jeffrey Animal Hospital of Farmington Hills, Michigan, by Associated Veterinary Partners (“AVP”) of Jersey City, New Jersey.
The Acquisition Story
Founded in 1984, Jeffrey Animal Hospital is a trusted veterinary provider serving the greater metro Detroit area. The practice delivers comprehensive care for dogs and cats, including preventative services, diagnostics, and outpatient surgical procedures. Over the course of four decades, former owners Brad and Joann Jeffrey built a loyal client base and a strong reputation for compassionate, personalized care. As the Jeffrey’s began planning for retirement, their priority was finding a successor who would preserve the culture of their practice while continuing to serve its long-standing client relationships. Brad and Joann engaged Calder Capital’s Sell-Side team to identify the right partner to carry the business forward.
Jeffrey Animal Hospital’s engagement led to Calder Capital’s Sell-Side team marketing and advising the sale of the business to Associated Veterinary Partners.
Associated Veterinary Partners (“AVP”) is a veterinarian-founded and led organization, prioritizing long-term care and continuity over a private equity-driven model, as they seek to build “the nation’s most compassionate network of veterinary practices.” They partner with local clinics to support growth while maintaining the identity and continuity that clients and staff value. AVP’s acquisition search was to expand geographically within the animal health and veterinary service industries, which made Jeffrey Animal Hospital an ideal fit.
Calder Capital’s Transaction Team and Sale Process
Garrett Monroe, Sell-Side Managing Director at Calder Capital, served as the Lead Mergers & Acquisitions Advisor to Jeffrey Animal Hospital. Serving as Lead Associate was Riley Hagen of Calder Capital.
Calder’s Sell-Side team generated strong market interest during the sale process, with 44 Confidential Information Memorandums (CIMs) distributed to qualified buyers, and 5 offers received. The acquisition closed within 4 months of signing the letter of intent.
Joann shared, “Working with Garrett Monroe to sell my business was a great experience. He was diligent throughout the entire process, always available to answer my questions, proactively following up, and resolved any challenges that arose. I couldn’t be happier with the outcome.”
“I can’t say enough about how pleased I was with my experience working with Calder Capital,” Brad added. “Garrett Monroe and Calder did an exceptional job from start to finish and helped sell my business for more than I had hoped for. Thank you, Garrett, for all of your hard work.”
Monroe stated, “Brad and Joann built an exceptional team and a strong foundation at Jeffrey Animal Hospital. Joann was instrumental throughout the entire process, not only as a co-owner, but through her hands-on involvement in the day-to-day administrative operations and her commitment to the sale process. It was clear every step of the way how much both Brad and Joann care about their team, their clients, and the legacy they built together. Congratulations to Brad and Joann on this well-earned next chapter, and we wish them all the best in the future.”
Max Friar, Calder’s Managing Partner, noted, “Jeffrey Animal Hospital represents the type of service business Calder Capital is proud to advise: a long-standing, community-focused practice with a loyal client base, experienced team, and consistent performance. Brad and Joann built a strong foundation over many years, and this transaction reflects our continued success advising veterinary practices seeking the right strategic partner to support long-term growth.”
Calder Capital served as the Exclusive Sell-Side Mergers and Acquisitions Advisor to Jeffrey Animal Hospital. Legal counsel to the seller was provided by Mindi Johnson and Amanda Dernovshek of Foster Swift, and their CPA was Todd Kelley of UHY. Legal counsel to the buyer was provided by Xander Curl and Rob Mahon of Spencer Fane.
About Jeffrey Animal Hospital:
Jeffrey Animal Hospital is a Farmington Hills, Michigan-based veterinary practice founded in 1984. The Company provides preventative and routine care for dogs and cats, including examinations, vaccinations, dental services, microchipping, diagnostics, and outpatient surgical procedures. To learn more, please visit https://JeffreyAnimalHospital.net.
About Associated Veterinary Partners:
Associated Veterinary Partners is a strategic veterinary services organization that partners with independent practices to support operations, growth, and long-term sustainability. The firm currently operates a network of approximately 24 partner hospitals across 12 states. To learn more, please visit https://AssociatedVeterinary.com.
About Calder Capital:
Founded in 2013, Calder Capital is a cross-industry mergers and acquisitions advisory firm with offices across the United States. Calder provides valuation, sell-side, and buy-side services. We are nationally recognized for excellence in advising $1-100M enterprise value transactions in manufacturing, construction, distribution, and business services. Calder serves business owners, entrepreneurs, family offices, financial buyers, and investors. Learn more at www.CalderGR.com.
Notice: Calder Capital, LLC is not affiliated with any similarly named organizations or entities. To verify communications from our firm, visit our website or contact [email protected].
