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- Veterinary Rollups Deep Dive Pt.1
Veterinary Rollups Deep Dive Pt.1
Exclusive Insights into US Consolidation, Featuring Nick Uva (SVP).
Christopher Pruijsen & Ben Moore
March 26, 2025
In this first instalment, we spotlight the merger of Southern Veterinary Partners (SVP) and Mission Veterinary Partners (MVP), examine the industry’s largest players, and dissect how the shifting market affects clinic owners, investors, and frontline veterinarians. We also feature an exclusive interview with Nick Uva (SVP), offering an insider’s view on building a thriving rollup strategy in a rapidly evolving sector.
The SVP + MVP Merger: An Emerging Powerhouse
Southern Veterinary Partners (SVP) began in 2014 with 3 clinics, growing to 400+ by 2023. Mission Veterinary Partners (MVP) achieved a similar expansion, reaching 300+ clinics since 2015, primarily in the Midwest. Both companies share ties to private equity sponsors (including prior backing by Shore Capital Partners) and recently announced a high-profile merger bringing their combined coverage to 800+ clinics.
While the merged network is 3rd or 4th in the nation by clinic count, analysts expect continued double-digit growth through acquisitions and organic expansion.
Major US Veterinary Consolidators Overview
With around 800 combined clinics, SVP+MVP is now one of the top 4 largest U.S. veterinary consolidators by clinic count. Let’s see how they compare to others—along with their respective private equity (PE) sponsors:
Mars (Banfield/VCA/BluePearl) remains #1 with 2,000+ locations. NVA, backed by JAB, is #2 at over 1,400. VetCor has ~850 and SVP+MVP together have ~800, with Pathway and Thrive/Ethos solidly in the next tier with ~400 clinics, with a long tail of smaller consolidators in the market.
Why Mention the PE Firms?