Patterson announces acquisition of Miller Vet
Patterson Veterinary Supply has agreed to acquire substantially all of the assets of Miller Vet Holdings, a multi-regional veterinary distributor.
The acquisition is expected to grow Patterson Animal Health’s presence in the companion animal market, drive increased operating leverage and attractive synergies, and allow Patterson to provide exceptional service to Miller Vet’s customers, according to the announcement.
Miller Vet is a privately held company founded in 1920 with headquarters in West Point, Nebraska, and four distribution facilities in the South and Southeast, and on the East Coast. The acquired business will be integrated into Patterson Veterinary’s existing facilities and operations. In connection with the transaction, a large number of Miller Vet sales representatives are expected to join the Patterson team.
“In addition to building upon our strong momentum in the companion animal market, this acquisition illustrates Patterson’s focus on making strategic investments to drive profitable growth and shareholder value,” said Kevin Pohlman, president of Patterson Animal Health.
Patterson Veterinary Supply’s president, George Henriques, added that in addition to strengthening the company’s competitive position in the Midwest, Mid-Atlantic and Southeast markets, “the acquisition is expected to expand our core sales reach and create synergies with our strategic vendors.”
“We are excited about the upcoming acquisition, as we have long admired Patterson Vet and how they provide services to the companion animal market,” said Dr. David Gnad, president and CEO of Miller Vet Holdings. “With Patterson Vet’s acquisition of Miller Vet, our customers will benefit from Patterson’s scale, broad product portfolio and exceptional value-added services.”