What did Gryphon pay for Heartland Veterinary Partners?

Gryphon acquired Heartland Veterinary Partners for $340.0M in 2019 (20.0x EBITDA). Target EBITDA was approximately $17.0M.

What does Heartland Veterinary Partners do?

Heartland Veterinary Partners is a veterinary practice business.

What multiple did Gryphon pay for Heartland Veterinary Partners?

20.0x EBITDA, based on disclosed deal value of $340.0M and disclosed financials.

M&A TRANSACTION · 2019

Heartland Veterinary Partners acquired by Gryphon

$340.0M· 20.0x EBITDA

Target

Heartland Veterinary Partners

Acquirer

Gryphon

Disclosed financials at time of acquisition

Revenue

—

EBITDA

$17.0M

Deal Value

$340.0M

EV/EBITDA

20.0x

Context

This $340.0M acquisition of Heartland Veterinary Partners by Gryphon sits in the veterinary practice sub-vertical. The 20.0x EBITDA multiple paid in 2019 can be compared against the population median for veterinary practice transactions of similar size on our Veterinary Practice valuation hub.

Source

Data sourced from Press reporting. All figures reflect disclosed values at the time of the acquisition; no estimated or imputed data. Methodology

Value your own veterinary practice

Get an instant valuation range for your business. Backed by 25,592 real M&A transactions.

Compare your business to the Heartland Veterinary Partners acquisition.

Citation: ExitValue.ai. (2019). Heartland Veterinary Partners acquired by Gryphon. https://exitvalue.ai/deals/heartland-veterinary-partners-acquired-by-gryphon-hc-2019-0136