Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     

PNC FINANCIAL SERVICES GROUP, INC.

(PNC)
  Report
Delayed Nyse  -  04:00 2022-12-07 pm EST
155.10 USD   +2.13%
08:21aThe pnc financial services group announces fourth quarter and full year earnings conference call details
PR
07:44aCanadian dollar seen higher as analysts eye peak interest rates
RE
04:10aQuotient Technology Closes $105 Million Debt Financing
MT
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisionsFunds 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Harris Williams Advises People, Pets & Vets on its Sale to VetCor

09/13/2022 | 12:02pm EST

Harris Williams, a global investment bank specializing in M&A advisory services, announces it advised People, Pets & Vets (PPV), a portfolio company of Cressey & Company LP (Cressey), on its sale to VetCor, a portfolio company of funds managed by Harvest Partners, LP (Harvest) and Cressey. PPV is a leading veterinary services company with animal hospitals located throughout the United States. The transaction was led by Whit Knier, Geoff Smith, Michael Mahoney, Rob Crampton and Sydney Pruitt of the Harris Williams Healthcare & Life Sciences (HCLS) Group.

“PPV management and Cressey have done an outstanding job building one of the premier veterinary services companies in the country,” said Geoff Smith, a managing director at Harris Williams. “It was a pleasure to work with them on this transaction, and we look forward to following the continued success of the combined organization.”

“The combination of PPV and VetCor brings together two best-in-class veterinary services businesses with outstanding clinical reputations and represents an exciting opportunity to continue the momentum PPV has built over the past several years,” added Whit Knier, a managing director at Harris Williams.

PPV, founded in 1992, is a leading veterinary services company with animal hospitals located throughout the western and southern United States. Each hospital provides a range of general practice services while making a positive impact in their communities. By creating a network of passionate professionals who work smarter, PPV has a strong track record of leading with influence, always doing the right thing, and creating a relationship built on trust.

Based in Chicago and Nashville, Tennessee, Cressey is a private investment firm focused on building leading healthcare services and information technology businesses. With a history spanning 40 years, the Cressey team is one of the most experienced and successful in the healthcare private equity field.

Founded in 1997, VetCor is one of the largest operators of veterinary practices in North America, with 549 locations across 40 states plus Canada. VetCor facilities provide a full range of general medical surgical services for pets as well as pharmacy and ancillary services such as boarding and groom and other pet products. The company has distinguished itself by promoting the local identity of each hospital, offering a family friendly work environment, providing management, training and administrative support to its hospitals, and relying on the veterinarians of each hospital to manage their medical direction.

Founded in 1981, Harvest is an established New York-based private equity investment firm that focuses on investments in middle market companies in the business and industrial services, consumer, healthcare, industrials, and software industries. Harvest’s control strategy leverages the firm’s over 40 years of experience in financing organic and acquisition-oriented growth.

Harris Williams, an investment bank specializing in M&A advisory services, advocates for sellers and buyers of companies worldwide through critical milestones and provides thoughtful advice during the lives of their businesses. By collaborating as one firm across Industry Groups and geographies, the firm helps its clients achieve outcomes that support their objectives and strategically create value. Harris Williams is committed to execution excellence and to building enduring, valued relationships that are based on mutual trust. Harris Williams is a subsidiary of the PNC Financial Services Group, Inc. (NYSE: PNC).

The Harris Williams HCLS Group has experience across a broad range of sectors, including healthcare providers; payors and payor services; outsourced pharmaceutical services; medical device supply chain; healthcare IT; and pharmacy. For more information on the HCLS Group and other recent transactions, visit the HCLS Group’s section of the Harris Williams website.

Harris Williams LLC is a registered broker-dealer and member of FINRA and SIPC. Harris Williams & Co. Ltd is a private limited company incorporated under English law with its registered office at 8th Floor, 20 Farringdon Street, London EC4A 4AB, UK, registered with the Registrar of Companies for England and Wales (registration number 07078852). Harris Williams & Co. Ltd is authorized and regulated by the Financial Conduct Authority. Harris Williams & Co. Corporate Finance Advisors GmbH is registered in the commercial register of the local court of Frankfurt am Main, Germany, under HRB 107540. The registered address is Bockenheimer Landstrasse 33-35, 60325 Frankfurt am Main, Germany (email address: hwgermany@harriswilliams.com). Geschäftsführer/Directors: Jeffery H. Perkins, Paul Poggi. (VAT No. DE321666994). Harris Williams is a trade name under which Harris Williams LLC, Harris Williams & Co. Ltd and Harris Williams & Co. Corporate Finance Advisors GmbH conduct business.


ę Business Wire 2022
All news about PNC FINANCIAL SERVICES GROUP, INC.
08:21aThe pnc financial services group announces fourth quarter and full year earnings confer..
PR
07:44aCanadian dollar seen higher as analysts eye peak interest rates
RE
04:10aQuotient Technology Closes $105 Million Debt Financing
MT
12/06Transcript : The PNC Financial Services Group, Inc. Presents at Goldman Sachs..
CI
12/06Morgan Stanley Lifts Price Target on PNC Financial Services to $176 From $172, Maintain..
MT
12/05PNC Financial Services Down Over 5%, on Track for Largest Percent Decrease Since March ..
DJ
12/05Pnc Financial Services : PNC_IE_2022_Dec 6_Goldman_Cautionary Statement
PU
12/02Pnc Financial Services : Underwriting Agreement - Form 8-K
PU
12/02Pnc Financial Services Group, Inc. : Other Events, Financial Statements and Exhibits (form..
AQ
11/29The Relevant Group, LLC announced that it has received $45 million in funding from a gr..
CI
More news
Analyst Recommendations on PNC FINANCIAL SERVICES GROUP, INC.
More recommendations
Financials (USD)
Sales 2022 21 078 M - -
Net income 2022 5 969 M - -
Net Debt 2022 - - -
P/E ratio 2022 10,8x
Yield 2022 3,72%
Capitalization 62 555 M 62 555 M -
Capi. / Sales 2022 2,97x
Capi. / Sales 2023 2,69x
Nbr of Employees 58 547
Free-Float 74,1%
Chart PNC FINANCIAL SERVICES GROUP, INC.
Duration : Period :
PNC Financial Services Group, Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends PNC FINANCIAL SERVICES GROUP, INC.
Short TermMid-TermLong Term
TrendsBearishNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 24
Last Close Price 155,10 $
Average target price 179,02 $
Spread / Average Target 15,4%
EPS Revisions
Managers and Directors
William Stanton Demchak President
Robert Q. Reilly Chief Financial Officer & Executive Vice President
Ganesh Krishnan Chief Information Officer & Executive VP
E. William Parsley Chief Operating Officer & Executive Vice President
Gagan Singh Chief Investment Officer & Executive VP
Sector and Competitors