January, 2016
For 2015, strategic buyers accounted for 88% of Pet Industry M&A transactions. During 2014, strategic buyers accounted for just over 84% 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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