Companies

Case Study:

National Veterinary Associates

“Summit has played a vital role in strengthening NVA on many fronts – from escalating our acquisitive capabilities to introducing new products years ahead of industry trends.”

Greg Hartmann, President and CEO

Location:
Agoura Hills, CA
Leadership:

Greg Hartmann

Founded in:
1996
invested in:
2007
Status:

Current

Case Study:

National Veterinary Associates

Dramatically increased acquisition pace, adding more than 125 veterinary hospitals since Summit's investment

Nearly tripled EBITDA between 2007 and 2013

National Veterinary Associates (NVA) was founded by Dr. Stanley Creighton, DVM, with an emphasis on supporting local medical standards as established by individual hospitals and practitioners.He had a vision to consolidate the fragmented veterinary practice market through an acquisition model that would provide practice management support services while allowing veterinarians to focus on delivering outstanding patient care.

How Summit helped:

  • Recruited COO Greg Hartmann, who became CEO as part of a planned transition from the founder
  • Recruited and built a business development team to focus on practice acquisition
  • Amended and upsized existing senior credit facility, providing additional capital to support acquisitions
  • Recruited two independent board members with healthcare experience
  • Engaged Summit’s Peak Performance Group to evaluate new products, including new pet wellness plans that increased same-store-sales

Under Greg Hartmann’s leadership, NVA has continued its rapid growth trajectory. With over 800 veterinarians providing a full range of medical and surgical services at more than 225 hospitals across 39 states, NVA is the largest private owner of freestanding veterinary hospitals in the United States.

  • Boston

    Summit Partners

    222 Berkeley Street, 18th floor

    Boston, MA 02116

    United States

    T: +1 617.824.1000

    F: +1 617.824.1100

    London

    Summit Partners Limited

    Queensberry House, 3rd Floor
    3 Old Burlington Street

    London W1S 3AE

    United Kingdom

    T: +44 (0)20 7659 7500

    F: +44 (0)20 7659 7550

  • Menlo Park

    Summit Partners

    200 Middlefield Road, Suite 200

    Menlo Park, CA 94025

    United States

    T: +1 650.321.1166

    F: +1 650.321.1188