JAB Holding och JAB Consumer Fund förvärvar National Veterinary Associates (”NVA”), en av världens största företag inom veterinärvårdstjänster

LOS ANGELES & LUXEMBOURG – June 17, 2019 – Ares Management Corporation (NYSE: ARES) and JAB Investors today announced that a fund managed by the Private Equity Group of Ares and its minority partner, OMERS Private Equity, have signed a definitive agreement to sell National Veterinary Associates (“NVA”), one of the largest veterinary and pet care services organizations in the world, to JAB Investors. NVA’s senior management team, including CEO Greg Hartmann, will maintain a significant minority ownership and will continue to lead the business with their deep and personal commitment to the profession. Terms of the transaction were not disclosed.

Founded more than 22 years ago, NVA offers a full range of veterinary services in more than 670 companion animal veterinary hospitals and 70 pet resorts across 43 states in the United States, as well as in Canada, Australia, and New Zealand. As part of its mission, NVA believes that veterinary medicine is best practiced when veterinarians craft their own approach to best serve the needs of their local communities. Toward that end, NVA provides cutting edge tools and resources for its veterinarians to deliver the most advanced high-quality care and client services.

JAB Investors is comprised of JAB Consumer Fund (“JCF”), which will be investing the majority of the equity capital in the transaction as part of its investment strategy in the pet care industry, and JAB Holding Company (“JAB”), which will invest alongside JCF.

“We are grateful for the opportunity to have partnered with NVA’s outstanding management team,” said Bennett Rosenthal, Co-Founder, Partner and Co-Head of the Private Equity Group of Ares Management. “We are proud to have supported the company during its significant growth over the past five years as it extended its reach outside the US, accelerated its acquisitions, invested in new pet segments such as pet resorts, and became the largest independent veterinary platform globally. We want to thank OMERS Private Equity for their partnership on NVA and we wish the NVA team and its animal care teams continued success.”

“I want to thank the Ares Private Equity team and OMERS for their outstanding partnership as we entered into new pet care lines including boarding and daycare, specialty and ER animal care, aftercare, equine, and expansion into several new countries,” said Greg Hartmann, CEO of NVA. “Moving forward, we feel JAB Investors will be a great partner for us as we focus on our next phase of growth. They are strong supporters of our mission of providing progressive and compassionate care. They share our belief that the best veterinary care is created by supporting and empowering our animal care teams in their local communities. As an organization, we strive to be a positive reflection of the profession we serve, and JAB Investors recognizes and joins us in that commitment.”

“NVA is a world-class organization led by one of the best teams in the industry,” said David Bell, Partner at JAB Investors. “The company’s core strategic objective to support and invest in veterinarians and animal care teams, combined with its high-performance culture, has created an ecosystem which attracts exceptional people to provide the very highest level of veterinary care. We are excited to partner with the NVA community for the long-term as they continue building a global platform and leading the industry in innovation and quality of service.”

Jefferies LLC acted as exclusive financial advisor to NVA and William Blair & Company, L.L.C. acted as an advisor to the selling shareholders in the transaction.

About Ares Management Corporation

Ares Management Corporation is a publicly traded, leading global alternative asset manager with approximately $137 billion of assets under management as of March 31, 2019 and 18 offices in the United States, Europe, Asia and Australia. Since its inception in 1997, Ares has adhered to a disciplined investment philosophy that focuses on delivering strong risk-adjusted investment returns throughout market cycles. Ares believes each of its three distinct but complementary investment groups in Credit, Private Equity and Real Estate is a market leader based on assets under management and investment performance. Ares was built upon the fundamental principle that each group benefits from being part of the greater whole. For more information, visit  or
Carl Drake, 800-340-6597 
Priscila Roney, 212-808-1185 

For JAB:

Abernathy MacGregor
Tom Johnson/Pat Tucker
+1 212-371-5999 /

For NVA:

Laura Koester

+1 310-292-8431