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Director of Acquisitions + Partnerships

Company: Heart + Paw
Location: Dover
Posted on: January 16, 2022

Job Description:

Director of Acquisitions + PartnershipsEast Coast, US
Heart + Paw is looking for a Director of Acquisitions + Partnerships who will build strong relationships with veterinary owners looking to sell their practice and associate veterinarians looking to purchase and lead existing practices or build and Co-own a de novo practice from the ground up with Heart + Paw. In this role, you will engage with like-minded veterinary owners and entrepreneurs to develop creative deal structures to achieve their short and long-term career objectives. You will be responsible for the entire M&A process, from sourcing to executing the legal documents. In addition, you will work with the Heart + Paw executive team on the investment thesis and integration playbook post-closing.
The ideal candidate has worked in the veterinary industry, has sales experience, is personable, likable, able to build relationships, trust, and is a good communicator. In addition, they understand what makes a veterinary practice tick, has an understanding of a Profit and Loss statement, an understanding of business valuation and deal structures.
Responsibilities for a Director of Acquisitions + Partnerships
Prospect Sales + Relationship Building

  • Self-starter: Prospect veterinary practice + pet resort owners through visits, cold calling, emailing, and sending handwritten cards and H+P informational packets.
  • Relationship building by offering a consultative approach to the practice performance. Visit hospital after hours and further build the relationship through spending time with the seller and significant other.
  • Documentation: Update Salesforce lead information throughout the day as information is gathered through phone conversations and website research.
  • Work with Brokers on listings that fit the H+P strategy. Remain persistent on receiving the requested information. Follow up with phone calls and e-mails as needed to gather information.
  • Persistence: consistent follow-up to keep leads warm.
    Financial Analysis
    • Critical thinking: Independently be able to think about creative deal structures and ways to make deals a win-win for all parties.
    • Attention to detail.
      Investment Thesis + Offer Process
      • Create an investment thesis and 5-year financial projection for each acquisition. Thinking through growth levers and margin improvement opportunities.
      • Present the offer to the seller & lead negotiations.
      • Work with outside legal counsel to negotiate legal documents from LOI to closing.
        Due Diligence + Team Communication
        • Lead the financial and operation Due diligence and work with the operations and finance team to create a transition plan.
        • Create and present PowerPoint partnership kickoff presentation and deal closing timeline to the seller.
        • Communicate the benefits of the partnership at staff announcement and work with team members to ease any concerns.
          Teamwork, Communication + Multitasking
          • Have a positive attitude and willingness to help out all H+P team members.
          • Be able to handle pressure and a heavy workload.
          • Be able to multitask prospecting effectively, financial analysis, visits, due diligence, legal, 6-8 deal closing a year, and post-closing follow up on previous 24-month deals.
          • Clearly communicate with peers and superiors on tasks, challenges, and ask for assistance.
            • 2-5+ years experience in the veterinary industry
            • External sales experience
            • Bachelor's degree with a preference of post graduate degree
            • Have an in-depth understanding and knowledge of financial statements and financial accounting and investment returns
            • Ability to financial model in excel
            • Outstanding communication and negotiation skills
            • Excellent organizational and time-management skills
            • A critical thinker and problem solver
            • Have a can do attitude
            • A team player with leadership abilities
            • Willingness to manage and mentor team members as the Business Development team grows
            • Ability to travel up to 50-60%
            • Willing to meet sellers on weekends if needed
            • This position will be remote
            • Located on the East Coast from Florida to New England. Preferable near a central transit hub for easy access to Philadelphia.
              Expected compensation $100-110K base plus per deal bonus of up to $12k per deal. (Once ramped, a successful Director should be able to close 6-8 deals per year.)
              Heart + Paw is committed to creating a diverse environment and is proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status. We strongly encourage people from underrepresented groups to apply.by Jobble

Keywords: Heart + Paw, Wilmington , Director of Acquisitions + Partnerships, Executive , Dover, Delaware

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