Episode 24

Building vs Buying: Different Types of Financing

Jun. 1st, 2021

Steve Thomas, the Co-Founder and CEO of Vets Pets, joins us to discuss their unique growth business model and talk about the different types of financing based on the different types of seller economics.
Learn more about how Vets Pets has evolved over the past 14 years, the idea of avoiding private equity money, the cost differences between de-novos and acquisitions and Steve sheds light onto the pros and cons of each.

Topics discussed:

  • Insight into the business’s acquisition economics;
  • Why Vets Pets tries to avoid private equity money and how they structure their veterinary partners’ loans;
  • Understanding the good-fit target partner;
  • The differences in the costs of building de-novo versus acquisitions;
  • The long-term goals of Vets Pets;
  • The benefits of being able to leverage assets across existing nearby practices;

Helpful links:


steve thomas
Steve Thomas
Co-Founder and CEO of Vets Pets
ivan zak
Dr. Ivan Zak
DVM, MBA, CEO at Galaxy Vets
ryan leech
Ryan Leech
Head of Business Development at Galaxy Vets