Blue River PetCare Launches Sale Process, Sources Say

Blue River PetCare, a large veterinary practice and pet hospital group, recently launched its sale process, according to three sources familiar with the situation. Chicago-based Blue River, a portfolio company of Partners Group, collected bids last month with many financial sponsors expressing interest, said two of the sources. Bids for the platform clocked in around the 15x-16x EBITDA range, said two of the sources. However, the veterinary practice group is targeting a valuation of 17 to 19x EBITDA, similar to the valuation of Southern Veterinary Partners pending a merger with Mission Veterinary Partners, said one of the sources. But the third source said fetching a high teens multiple would be difficult.

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Source: https://ionanalytics.com/insights/mergermarket/blue-river-petcare-launches-sale-process-sources-say/

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