Check Out this deal in pet land.
Canada-based Pet Valu and Atlanta-based private equity firm Roark Capital Group have signed an agreement for certain Roark affiliates to buy the Markham, Ontario-based specialty pet supplies retailer for about $143.7 million.
Pet Valu’s board is for the deal and will recommend to shareholders that they vote in favor of the transaction, the company said. Geoffrey Holt, the founder and CEO of Pet Valu, plans to retire after the transaction is completed, according to the company’s statement.
Pet Valu will be Roark’s 15th franchise investment, said Neal Aronson, a Roark managing partner.
The Canadian chain has 295 stores in Ontario and Manitoba. It also has 61 in Delaware, Maryland, New Jersey and Pennsylvania.
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(Photo/Reuters)
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My pets are my children
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right balance of information, resources, products, and, plain old ‘fun’, I finally decided that we I just
have to create it myselves.
Where quality is king but price reigns supreme