October, 2015. Petstages has been acquired by Outward Hound (outwardhound.com), a portfolio company of The Riverside Company. Petstages is a pet industry leader, winning several awards for innovation and developing a popular line of dog and cat products including the Dogwood Chew Stick, Orka chew toys, and INVIRONMENT scratchers. (petstages.com)
Acquiring Petstages opens up new strategic retail and specialty distribution channels while giving Outward Hound one of the most diversified and innovative product portfolios in the market today.
“We couldn’t be happier to bring these two amazing companies together,” said Riverside Vice President, Steve Rice. “The team at Petstages has done an outstanding job developing award-winning products in multiple categories that delight pets and pet parents alike.”
“Providing products with purpose is the cornerstone of the Petstages philosophy,” said Petstages President, Torjus Lundevall. “This deal gives us the greater capacity and resources that we need to provide continuous innovation to our customers and continue to develop new and meaningful product solutions.”
Lundevall further stated, “Peakstone was a great partner in assisting us to identify the perfect partnership well suited for the Company’s continued growth in this category.”
Peakstone has a dedicated practice covering a broad array of pet and companion animal segments and has completed numerous transactions in the sector.
Terms of the transaction were not disclosed.
Click here to read the Press Release.
The Peakstone Group is a leading investment bank that specializes in mergers and acquisitions advisory and capital raising for middle market clients. Our team is comprised of senior investment banking professionals who have decades of experience and have executed hundreds of transactions totaling billions of dollars. For additional information, visit www.peakstone.com.