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Industry Update: Pet Industry M&A – May, 2016

May, 2016.

For YTD 2016, strategic buyers accounted for 79% of Pet Industry M&A transactions. During 2015, strategic buyers accounted for approximately 89% of the transactions.

Notable recent M&A transactions:

– CVC Capital Partners Limited and Canada Pension Plan Investment Board signed a definitive agreement to acquire PETCO Animal Supplies, Inc. for approximately $4.6 billion

– Central Garden & Pet Company entered into an asset purchase agreement to acquire Dallas Manufacturing Company, Inc. for approximately $61 million.

– Patterson Companies, Inc. acquired Animal Health International, Inc. for approximately $1.1 billion.

– Renovo Capital and Summit Investment Management entered into an asset purchase agreement to acquire Dallas Manufacturing Company for approximately $37 million.

– Outward Hound, a Riverside portfolio Company, acquired Petstages, Inc. for an undisclosed amount.

– Outward Hound, a Riverside portfolio Company, acquired Bionic for an undisclosed amount.

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