AEA Investors LP, a private investment firm, and a subsidiary of Abu Dhabi Investment Authority have acquired AmeriVet Veterinary Partners, a consolidator of veterinary practices, for $1.6 billion in recapitalization from Imperial Capital Group.

AmeriVet partners with experienced and established veterinarians seeking to grow their practices and offers operational resources in support of its clients. The firm currently operates in 139 practices across 32 states. The firm works to preserve the legacy of veterinarians and their practices.

“It was clear from the beginning that AEA was an investment partner that would be a good fit for AmeriVet’s business model and culture,” said Thomas Thill, AmeriVet CEO. “While there continues to be significant private equity interest in the veterinary industry, AEA set themselves apart by truly understanding and valuing our partnership model. It was clear very early on, that AEA would be the ideal partner in this next chapter of growth at AmeriVet.”

AmeriVet and Imperial Capital were advised by Jefferies Group LLC on the transaction. AEA and ADIA were advised by William Blair & Co. on the transaction.