April, 2023

In Q1 2023, the median transaction value in Pet was $27 million. In Q1 2023, strategic buyers accounted for 94% of transactions.

Select recent notable publicly announced M&A transactions:

– Nkomo Corporation closed its acquisition of 7 Kriser’s Natural Pet stores in California at an undisclosed value in March 2023.

– Paw Acquisition I Corporation closed its acquisition of Muffin’s Blind Dog Club house at an undisclosed value in March 2023.

– PetIQ closed its acquisition of Rocco & Roxie Supply for $27 million in February 2023.

– Beach Point Capital Management closed its acquisition of Wet Noses at an undisclosed value in February 2023.

– Wag! Group announced its acquisition of Assets of Dog Food Advisor for $9 million in January  2023.

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