What TransitionsElite does

Transitions Elite, Inc. is a Chicago-based, privately held sell-side M&A advisory firm that helps owners of veterinary, dental, and optometry practices sell their businesses for premium valuations. Founded by Dr. Michael Warren, the firm targets practice owners with $2M–$15M in annual revenue and 3–10 doctors/dentists, using a proprietary competitive auction methodology called the Elite Selling System (or Elite Auction Protocol). The core workflow hand-selects and vets a curated pool of 50+ private equity-backed and strategic buyers, runs a 14-day private bidding window (the Velvet Rope Auction), and manages the transaction end-to-end through due diligence and closing. A key technical component is Advanced EBITDA Recasting — a financial normalization process that adds back personal expenses, above-market family compensation, one-time costs, and below-market owner-occupied rent, typically lifting earnings 15–30% above tax-return P&L figures and supporting valuation multiples the firm claims are 30–50% above standard broker outcomes.

The firm is not a technology platform; its deliverable is human-led professional services. Revenue is generated entirely through a 100% success-based fee model — no upfront fees, no retainers, no monthly charges — with the firm compensated only when a transaction closes, backed by a 90-day guarantee to deliver three qualified PE offers that beat the client's current valuation. The senior team combines investment banking M&A experience with healthcare-practice-specific knowledge, and the firm's stated track record is $350M+ in lifetime closed exits across veterinary and dental practices. Customer acquisition is driven primarily by content marketing and SEO, anchored by an extensive blog covering individual PE consolidators, valuation methodology, tax implications, and real estate strategy, supplemented by a free 2026 Veterinary Practice Multiples Benchmark report as a lead magnet and direct phone-based consultative outreach. Operations are US-only, with named coverage across the Northeast, Midwest, Southwest, Southeast, West Coast, and Florida.

Name

TransitionsElite

Legal name

Transitions Elite, Inc.

Website

https://transitionselite.com

Company type

Private

Founded year

2000

Operating status

Operating

Headcount range

101–250 employees

Short description

Transitions Elite is a Chicago-based sell-side M&A advisory firm that helps owners of small veterinary, dental, and optometry practices sell to private equity-backed buyers through a proprietary competitive auction methodology, charging fees only on successful closings.

Ownership category

akta.pro rank

Product category

M&A Advisory Services

akta.pro primary industry

Sell-Side M&A Advisory (FSAEAGAA)

Keywords

• Practice M&A advisory
• Veterinary practice sales
• Dental practice brokerage
• Sell-side advisory
• Healthcare practice transitions

Headquarters

HQ city

Chicago

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Marketing or Sales, Operations, Technology or R&D, Others

Revenue model

1. Success-Based Advisory Fee: Transitions Elite earns a fee only when a deal closes successfully. There are no upfront fees, no monthly retainers, and no consulting fees charged regardless of whether the sale completes. The company's compensation is entirely tied to delivering a positive outcome for the client practice owner.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

Transitions Elite provides sell-side M&A advisory services to veterinary, dental, and optometry practice owners, running a proprietary structured competitive auction (the Transitions Elite Selling Process™) that vets and invites 50+ private equity-backed and strategic acquirers to bid on the practice over a 14-day window. The firm applies Wall Street-style Recasted EBITDA valuation (rather than traditional broker Main Street math), curates the buyer pool, manages due diligence and negotiation, and is paid only on successful transaction close with no upfront fees.

Product overview

Transitions Elite operates as a sell-side advisory firm for veterinary, dental, and optometry practice owners with $2M-$15M in revenue. The company offers a unified service centered on The Transitions Elite Selling Process™ — a proprietary competitive auction methodology that forces 50+ private equity buyers to compete in a 14-day bidding war, using Wall Street math (Recasted EBITDA) rather than traditional broker valuation approaches. The core offering includes practice valuation services, buyer curation, due diligence management, and post-sale transition support. Key service modules include: Advanced EBITDA Recasting, the Velvet Rope Auction (private invitation-only bidding), and the No Last Minute Drop Protocol. The company also provides educational resources including the 2026 Veterinary Practice Multiples Benchmark report and an insights blog. Pricing is entirely success-based with no upfront fees or retainers. Target clients are 3-10 doctor veterinary and dental practices seeking to maximize exit valuations through competitive processes rather than direct single-buyer sales.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• 30–50% higher valuation for sellers using the Elite Selling System vs. standard broker or direct sale
• +5 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Seven partnerships are on record, tiered minor.

• PetVet365minorOthersPetVet365 is a veterinary practice buyer featured in Transitions Elite's blog as a PE-backed consolidator. Founded in 2019 and headquartered in Lexington, KY, PetVet365 has grown to more than 20 hospitals across Ohio, Kentucky, and Indiana. It is described as a veterinarian-owned de novo network that builds new hospitals from the ground up rather than acquiring established independent practices. Transitions Elite covers PetVet365 as one of the PE-backed buyers in its veterinary practice consolidator directory.
• Lovet Pet Health Care (The Aspen Group)minorOthersLovet Pet Health Care is the veterinary brand of The Aspen Group (TAG), a multi-brand retail healthcare organization backed by Ares Management, Leonard Green & Partners, American Securities, and AustralianSuper. Transitions Elite publishes an educational guide on Lovet as a PE-backed buyer that practice owners should be aware of.
• Hometown Veterinary PartnersminorOthersHometown Veterinary Partners is a private equity-backed group founded in 2023 and headquartered in the Minneapolis area, launched as the first portfolio company of Boston-based Briarcliff Capital Partners. Transitions Elite covers it as a PE-backed buyer that could be a potential acquirer for client practices.
• EverVet PartnersminorOthersEverVet Partners is a private equity-backed veterinary acquisition and support platform founded in 2020 by Joe Luceri and Len Podolsky, headquartered in Conshohocken, Pennsylvania. It is co-owned by two private equity firms — Freeman Spogli & Co. and Tailwind Capital. Transitions Elite covers it as a target buyer for veterinary practice sellers in its ecosystem.
• Encore Vet GroupminorOthersEncore Vet Group is a private equity-backed veterinary consolidator founded in 2018, headquartered in Saratoga Springs, New York, operating approximately 62 hospitals across an East Coast and Midwest regional footprint. North Castle Partners is the backing private equity firm. Transitions Elite covers it as a target buyer for client practice sales.
• Four Corners Property Trust (FCPT)minorOthersFour Corners Property Trust (FCPT) is a net-lease REIT that acquires veterinary clinic buildings as long-term income property and leases them back to operators. In late 2025, FCPT acquired a National Veterinary Associates property for $4.4 million. Transitions Elite references FCPT as one of the veterinary REITs that compete for practice real estate on the buy side, giving practice sellers access to a separate buyer pool for their real estate assets.
• National Veterinary Associates (NVA)minorOthersNational Veterinary Associates is a major PE-backed veterinary consolidator (backed by JAB Holdings) and one of the most active buyers in the veterinary M&A market. Transitions Elite covers NVA as a target buyer in its practice sale guides and buyer directory.

Scale indicators6 records

Recent moves4 records

Expansion highlights6 records

Broad incumbents

• VMG Health: VMG Health is a leading healthcare-specific valuation and M&A advisory firm serving providers and investors across the healthcare sector. A broader incumbent offering healthcare M&A advisory services that overlap with Transitions Elite's practice transition practice.
• Stout: Stout is a global advisory firm offering valuation, M&A, and transaction advisory services across healthcare and other industries. A broader incumbent adjacent to Transitions Elite in healthcare and small/mid-market M&A advisory.

Direct peers

• Professional Practice Transitions: Professional Practice Transitions (PPT) provides dental practice sales, partnership facilitation, and consulting services. Comparable peer in dental practice transitions targeting the same SMB dentist-owner segment.
• AFTCO Transitions: AFTCO is one of the longest-established dental practice transition firms in North America, providing sell-side advisory, buyer matching, and valuation services for dental practice owners. Directly comparable to Transitions Elite's dental practice offering in services and target market.
• Omni Practice Group: Omni Practice Group provides practice transition and consulting services for dental and healthcare practices including sales, partnership buy-ins, and valuations. Directly comparable peer in the practice transition space with a similar service menu.
• PARAGON Dental Practice Transitions: PARAGON is a long-running dental practice transition firm specializing in dental practice sales, partnership buy-ins, and valuations. Directly comparable as a sell-side dental practice advisor serving the same SMB owner target market.
• DDSmatch Transitions: DDSmatch Transitions specializes exclusively in dental practice sales and partnership transitions for dentists. Directly comparable peer in dental sell-side advisory and partnership facilitation.
• Coker Group: Coker Group is a healthcare management consulting and M&A advisory firm serving dental, veterinary, and medical practices with valuation, strategy, and transaction services. Closely comparable as a multi-vertical healthcare practice M&A advisor.
• Northstar Mergers & Acquisitions: Northstar Mergers & Acquisitions is an M&A advisory firm focused on healthcare and dental practice transactions, providing sell-side advisory and transition services. Comparable peer in healthcare practice M&A advisory.
• Simmons & Associates International: Simmons & Associates is one of the largest US veterinary practice sales and appraisal firms, providing sell-side advisory to veterinary practice owners. Directly comparable to Transitions Elite's veterinary segment offering.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/transitions-elite-inc

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about TransitionsElite