Waverly Animal Hospital of Lansing, Michigan Joins Veterinary United's Family of 22 Practices

LANSING, Mich. - Sept. 1, 2023 - PRLog -- Calder Capital is proud to announce the acquisition of Waverly Animal Hospital of Lansing, Michigan, by Veterinary United of Southeastern Michigan.

Founded in 1962, Waverly Animal Hospital is a full-service animal hospital providing veterinary services, dog and cat boarding, dog daycare, bathing and grooming, and physical rehabilitation. Dr. Jennifer Raphael began at Waverly in 2001 before purchasing the Company from its founder, Dr. Charles Thrush, in 2015.

Following the last eight years of dedication to Waverly, Jennifer and her husband, Will Raphael, engaged Calder Capital's Sell-Side team to find the right successor for their eventual transition. The couple plans to stay actively involved over the next several years with Dr. Jennifer Raphael serving as the lead veterinarian of the clinic and Will Raphael continuing as the office manager.

Veterinary United is a local organization founded by Dr. Thomas Bankstahl. He has grown Veterinary United to 22 practices across Southeastern Michigan. The practices encompass a variety of services including medical care,  boarding, and grooming. The Company's family of hospitals works cohesively to elevate the level of care, comfort, and access available to pets and pet owners. The strategic acquisition of Waverly Animal Hospital is a natural fit for the Veterinary United organization.

Garrett Monroe of Calder Capital served as the lead Mergers and Acquisitions Advisor to Waverly Animal Hospital.

The Calder Capital team ran a highly competitive process during which time, 76 qualified buyers were engaged, culminating in six competitive offers received. Waverly launched to market on August 30th and had an offer accepted by Mid-December. Ultimately, the Raphaels selected a buyer with local roots.

"Thank you for all your work on this, Garrett! I appreciate everything you did to be a balancer and help us get to the finish line," shared Dr. Tom Bankstahl of Veterinary United. "Looking forward to building great things with the Waverly Team!"

"Garrett, thank you for your guidance and expertise over the last year," Will and Jennifer commented. "We could not have done this without you. You are excellent at dealing with people and a true professional. We are so very grateful!"

Calder Managing Partner Max Friar noted, "The veterinary M&A market is one of few intensely consolidating industries where sellers consistently have the upper hand. The Calder Team led by Garrett Monroe witnessed this firsthand with considerable buyer fervor and significant competition for Waverly. Ultimately, via a well-run market process, Jennifer and Will were able to realize a strong price, an ideal deal structure, and the right fit for the continuity of their business. That is the magic recipe that Calder prepares for all clients we represent."

Calder Capital (https://www.caldergr.com/), LLC served as the exclusive Mergers and Acquisitions Advisor to Waverly Animal Hospital.