Ares Management Agrees to Sell NVA, the Leading Independent Veterinary Platform, to JAB Investors
Ares Management Corporation Class A (ARES)
Last ares management corporation class a earnings: 2/13 06:00 am
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Source: Business Wire
CEO Gregory Hartmann and Senior NVA Management Team to Maintain Significant Ownership and Lead the Business LOS ANGELES & LUXEMBOURG--(BUSINESS WIRE)-- 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 res
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