CVS Group (AIM:CVSG) – more acquisitions and supportive finance
The UK’s leading provider of integrated veterinary services and a business that appears to be growing in a very supportive environment has announced some more attractive acquisitions as well as a material extension of banking facilities to offer plenty of acquisition fire power.
The Group has acquired Albavet and its wholly owned subsidiary, VETisco Limited. The Albavet Group employs some 34 professional vets and over 150 staff in total across three separate businesses: 11 veterinary surgeries; a veterinary buying group, trading under the name of Vetshare; and an instrumentation business trading under the name of VETisco. The veterinary surgeries are well established businesses and are based in the Fife area (4 sites), Glasgow (1 site), Nottingham (1 site), the Stoke-on-Trent area (4 sites) and Wallington, Surrey (1 site). The surgeries perform small animal work. The Vetshare buying group currently has over 400 members…