SVP Holdings LLC

Overview Key strengths Key risks Increasing pet ownership driving consistent volume growth.Strong pricing power. High financial leverage due to acquisition-driven growth strategy and high multiples.Vet shortages could worsen, dampening growth and margins. Customers mostly pay at time of service. A tight labor market for staff could further pressure margins. Some exposure to consumer spending cuts during an economic downturn. Narrow focus in the niche and highly fragmented veterinary services industry. . We expect low-single digit organic revenue growth despite year to date volume declines in the low single digits, due to slowing consumer spending and lower pet adoption rates after a strong year in 2021. In certain clinics, there are unmet demand or long waiting lists due to a shortage

...Southern Veterinary Partners' (d.b.a. SVP Holdings LLC) operations have performed well through the pandemic with mid-to-high- single-digit organic growth mostly due to price increases but continues to navigate a tight labor market and rising wages. We expect low-single digit organic revenue growth despite year to date volume declines in the low single digits, due to slowing consumer spending and lower pet adoption rates after a strong year in 2021. In certain clinics, there are unmet demand or long waiting lists due...

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