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+250 Success Stories.
How much is my veterinary practice worth?
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10 business days post-paperwork to receive your practice's valuation report
240+ veterinarians successfully sold their practices with our help
100+ years of collective knowledge
Led by people who know the most about selling veterinary
practices. Run by people who know your name.
A dedicated team of experts with deep knowledge, personalized help, and boundless passion for your success will support your practice.
© 2023 Ackerman Group
$17M
Increase in Value
Dr. LeeAnn DuMars and Bob Mayorga
It seems easy to sell your own practice…but it isn’t. This couple worked hard to get a few offers on their own, but found it overwhelming to negotiate further. Our Deal Team took the reins, got them more offers and improved the ones they had until she found they perfect fit for their legacy.
It seems easy to sell your own practice…but it isn’t. This couple worked hard to get a few offers on their own, but found it overwhelming to negotiate further. Our Deal Team took the reins, got them more offers and improved the ones they had until she found they perfect fit for their legacy.
12
Purchase Offers
Dr. Steven Whittle
It can be overwhelming engaging with one buyer, let alone all of them. We shouldered the workload for Dr. Whittle: introducing the practice to the entire buyer community, answering their initial questions, etc. Within a few weeks, we had 17 interested parties and collected 12 offers, providing Dr. Whittle with a breadth of choices to find the right partner for him and his practice.
It can be overwhelming engaging with one buyer, let alone all of them. We shouldered the workload for Dr. Whittle: introducing the practice to the entire buyer community, answering their initial questions, etc. Within a few weeks, we had 17 interested parties and collected 12 offers, providing Dr. Whittle with a breadth of choices to find the right partner for him and his practice.
6x
Higher Valuation Multiple
Dr. Helen Jewett
Sometimes we can provide a final push. Dr. Jewett identified her preferred buyer but wasn’t pleased with their initial offer. Delegating negotiations to us, we worked on her behalf to refine every element of the LOI – even the ones not on her radar – to produce a more compelling offer from the buyer, at a higher valuation multiple.
Sometimes we can provide a final push. Dr. Jewett identified her preferred buyer but wasn’t pleased with their initial offer. Delegating negotiations to us, we worked on her behalf to refine every element of the LOI – even the ones not on her radar – to produce a more compelling offer from the buyer, at a higher valuation multiple.
37%
Increase in EBITDA
Dr. Deborah Adams & Dr. Pete Magnuson
Not all EBITDA is created equal. Our Analysts combed through the numbers to ensure Dr. Adam’s and Dr. Magnusen’s practice was valued accurately. Buyers know accountants who want to minimize this number in the books for taxes and would have been happy to pay them less. We ensured that didn’t happen.
Not all EBITDA is created equal. Our Analysts combed through the numbers to ensure Dr. Adam’s and Dr. Magnusen’s practice was valued accurately. Buyers know accountants who want to minimize this number in the books for taxes and would have been happy to pay them less. We ensured that didn’t happen.
How is The Ackerman Group different from other selling options?
|
Other Brokers | Selling By Yourself | |
|---|---|---|---|
| Evaluation Profitability | Always | Always | Sometimes |
| Benchmarking & Setting Realistic ExpectationsBenchmarking |
Always | Sometimes | Rarely |
| Marketing Your Practice to a Vast Network of 30+ BuyersMarketing to a Network of 30+ Buyers |
Always | Rarely | Never |
| Securing Multiple Offers | Always | Sometimes | Rarely |
| Evaluating Offers | Always | Sometimes | Sometimes |
| Negotiating Exit Strategy | Always | Always | Rarely |
| Comprehensive Tax Mitigation StrategyTax Strategy |
Always | Rarely | Never |
| Support Beyond Closing | Always | Never | Sometimes |
| Seller is The Sole Interest (No Fees Taken from Buyers)No Fees From Buyers |
Always | Sometimes | Always |
Have you ever wondered what
kind of money your hospital could get?
It is time to turn your hard-earned success into the future you deserve.
Some veterinarians we work with are nearing a well-deserved retirement, while others are simply ready to capitalize on the thriving practice they’ve built.
Several are tired of dealing with the never-ending administrative burdens and staffing hurdles. Most want to get out of debt and still have money for retirement.
This is were we come in...
We represent small veterinary practitioners. Depending on your preferences and goals, our team finds your most compatible corporate buyer.
Stop underselling your veterinary practice.
“I am smart enough to know what I know and know there is a lot that I don't know. I knew that if I didn't use a professional broker, I would leave a lot of money on the table. ”
Research shows that veterinarians are underselling their practices.
You are an excellent vet. But selling your practice is not your expertise. And just like with real estate, if you don’t have a broker representing you, you get taken for a ride.
Our research shows that vets who hire a broker get 6x more offers, 30% higher value for their practice, and close deals 10x times faster. By hiring the right advisor, you can ensure that you are not leaving money on the table.
They thought that their veterinary practice was worth $700k. We got them $2,400,000 for their veterinary hospital.
“Before we worked with Ackerman, a small mom-and-pop hospital lowballed us with a $700,000 offer. We felt angry and depressed. We knew that we were not gonna accept that offer. So we kept on going and working.
I did not know veterinary brokerages even existed. When we started working with Ackerman, they were conservative. The gentlemen we worked with said, “We will see what your practice can really get, but I'm confident it will be more than the initial offer you received.”
They did the practice evaluation and then marketed our practice to 40 different corporations. The first offer we got with Ackerman was $1.5 million. Ultimately, we sold for $2.4 million.”
Everything you need to sell your practice
Team Work
You will work with a dedicated team to get you the best price for your practice.
Business Evaluation
We dive in deep to understand your business. Even better, we do it quickly.
Marketing
We make sure to market your hospital to more than 40 corporate groups.
Finding the Buyer
Our team takes the time to understand what you want and find the best buyer for your business.
We Keep In Touch
We stick around long after the sale to make sure your interests are protected and your goals are met.
Filter
We filter out offers based on cultural fit and advise you throughout the negotiation process.
Our Promise.
The most number of offers
No money left on the table
Unbiased advice
To get you multiple offers faster and at a higher value than what you would have secured by yourself.
We remove the chance and luck from selling your practice.
Contact Us
Find Us
8324 Bell Creek Rd, Ste 700
Mechanicsville, VA 23116
Reach us by phone
Reach us by email
Why do more veterinarians trust the Ackerman Group
to sell their practice?
Anybody can sell a veterinary practice. Not everyone can oversee a robust sales process that delivers an exceptional economic offer, with seller-friendly terms for things such as employment agreements, real estate leases, etc., from the corporate buyer that is the right fit for YOU.
It’s that combination that is critical for every practice owner to find and that Ackerman Group routinely delivers to its clients.
All Paws Veterinary Center
Sold to
AmeriVet
2022
Best Price. Best Terms. Best Fit.
Size matters when it comes to practice sales advisory. With dozens of active clients at any given moment, we have real-time visibility into the market that allows us to agilely negotiate wealth-altering offers for our clients.
The breadth and depth of our relationships throughout the corporate buyer community, and the sterling reputation we’ve developed with all of them, ensures that our clients receive legitimate offers they can stake their retirement plans on.
AMC of Chandler
Sold to
SVP
2022
Results That Will Please Your Personal Financial Advisor
If there was Diplomate status for veterinary practice sales advisory, we’d not only be board-certified, but we’d be the Board and have developed the gold standard for delivering care to practice owners embarking on the sale process.
Our experience set is second to none when it comes to selling practices to corporate buyers. Period.
Animal & Bird Healthcare Center
Sold to
EverVet
2022
100+ years and counting
You cannot understand how onerous the practice sales process is until you live it. We shoulder the burden so that you don’t have to.
From the countless hours of reaching out to every buyer for offers, to negotiating the fine details in all the proposals, to navigating through the diligence collection process that can make the home mortgage application experience look like a stroll in the park, we do it all for you, so that you can spend your time focused on your business, your team, and your family.
AMC of San Rafael
Sold to
AmeriVet
2022
We Take The Hassle Out of the Selling Experience
Our team of experts will guide you
through selling your veterinary hospital.
Dr. Gary Ackerman
Founder & Co-CEO
Rich Lester
Co-Chief Executive Officer
Jeff Hooper
Chief Operating Officer
Win Lippincott
Chief Growth Officer
Dr. Roger Redman, DVM
Vice President of Business
Jacki Anderson
Business Operations Manager
Ryan Lester
Director, Business Development
Steve Haas
Director of Financial Analysis
Ryan Barlow
Senior Financial Analyst
Kelsey Collins
Financial Analyst
Rita Wong
Financial Analyst
Chris Watkins
Director of Operations
Lindsey Marsh
Operations Analyst
Regina Estrada
Operations Analyst
Maggie Cerciello
Senior Marketing Manager
Olivia Waite
Senior Marketing Manager
Our veterinarian clients are our raving fans.
Here’s what they told us about the Ackerman Group.
“I only wanted to work with the best”
I started by asking around, and Ackerman's name kept coming up. They don’t have clients; they have raving fans. They are the largest and have closed more deals than anyone else. My vets and I are the best in what we do. Why not want the same for my practice sale. They simply are the best.
“I wanted to get multiple offers”
The more offers you get, the higher the price and the better the terms you get for your practice. When we started with Ackerman, they presented our practice to over 30 different buyers. We got hits from eight or nine of them. I never could have done all that work myself.
“I didn’t want to be taken advantage of”
Without a broker, you are at the buyer's mercy. They are professional salespeople. I am just a veterinarian. I knew that just one more multiple would mean hundreds of thousands of dollars in value, but who am I to say if my practice was worth that extra bit? With Ackerman, I knew I’d get what was fair.
“I wanted to talk to references”
They handed us a list of over 30 references to call, not just two or three like the other brokers we called. I talked to 10 different clinics that had used Ackerman. Every single one had only good things to say about their people and the experience working with them.
“We considered other brokers”
But they were smaller, seemed disorganized, and just felt like a one-man show. Ackerman, on the other hand, had a whole team of people, each of them with a ton of experience. They have helped more vets sell their practices to corporate groups than anyone else. With such a wealth of knowledge and experience working for me, I was confident I'd land the best deal possible.
“They are with you for the long run”
I didn’t want a deal paying me 100% cash at closing. I wanted some stock and I wanted to keep a small stake in my practice. All the other brokers wanted to be paid in full, immediately, and then be done. Not Ackerman. They said they’d get paid when I got paid, and they were willing to wait for their last payment until I sell everything. That might not be for another couple of years, but they are still with me, checking in to see how the practice is performing, giving tips when they see them, and just being a REAL partner. They’re just different than the others out there.
“They aren’t lifelong salespeople. They’re former DVMs and practice owners and business people”
I met the Ackerman team at VMX and was so impressed by the diversity of leadership’s backgrounds. They have been in my shoes before. They’ve built practices from the ground up. They’ve bought and sold practices on the corporate side before. I just think they were able to help me through the process better than if they were just high-volume sales people chasing commissions.
“They only represented ME.”
I heard at my state VMA annual meeting that some brokers take fees from certain buyers and don’t like to talk about it. When my practice sale was closing I asked the buyer if they were paying Ackerman anything on the side. They said no and showed me the flow of funds. I asked if there are other brokers that ask for buyers to pay them fees. They said absolutely. That alone confirmed for me that I was being taken care of.
Operations Team
Our dedicated Ops team helps you gather the right materials, stay on track, and ultimately push the engagement forward. We are past Practice Managers and vet Techs, among others, and have a deep understanding of the industry and the processes involved. Issues are inevitable, and when they come along, we are there to troubleshoot and problem-solve quickly.
Finance Team
Our organization and analysis of your practice’s financials is meticulous. We generate crucial financial documents and scrutinize addbacks while prioritizing diligence, accuracy, and clarity for both you and your buyer. You can trust that your current and projected profitability is precise and calculated through an experienced veterinary business lens.
Deal Management Team
We are a team of experienced brokers with over 70 years of collective experience selling veterinary practices. As experts in leading the sale process, we market your practice, gather offers, facilitate negotiations, and so much more. As past veterinarians, we understand that selling your practice is a major life decision. We are committed to obtaining a deal that achieves your short-term and long-term financial and professional goals.