March, 2024

For 2023, the median transaction value in Pet was $27 million. For 2023, strategic buyers accounted for 83% of transactions.

Select recent notable publicly announced M&A transactions:

–Rubelmann Capital closed its acquisition of John A. Van Den Bosch at an undisclosed value inDecember 2023.

–Blackstone Management Partners announced its acquisition of Rover Group for $2.4 billion in November 2023.

–JAB Holding Company closed its acquisition of Embrace Pet Insurance Agency for $1.5 billion in November 2023.

–Central Garden & Pet Company closed its acquisition of TDBBS for $60 million in November 2023.

–Post Holdings closed its acquisition of Perfection Pet Foods (All Assets) for $239 millionin October 2023.

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