Sentinel Capital acquires Pet Supplies Plus

By hotmaillogin

Private equity firm Sentinel Capital Partners has announced it will acquire Pet Supplies Plus, the United States’ largest independent pet specialty chain, and third-largest overall. Sentinel Capital Partners specializes in investing in “promising companies at the lower end of the midmarket”.

The firm has previously acquired 13 franchise investments in the US, including Border Foods, Captain D's, Checkers, Cottman Transmission Systems, Falcon Holdings, Fazoli's, Interim Healthcare, Huddle House, Massage Envy, Newk's Eatery, Southern California Pizza Company, TGI Fridays and Tony Roma's.

Pet Supplies Plus opened its first location in Redford, Michigan in 1988. In 2018, the brand is represented across 448 franchised and corporate pet centers in 33 states.



Sentinel Principal investor, Marc Buan said "PSP is the number one pet franchise system in the U.S. with an expanding footprint and a large white-space opportunity.  The pet industry is very attractive due to its stability, growth, and passionate consumer base. PSP has a strong position in the pet retail segment and a very loyal customer base. Led by a highly committed and talented management team, PSP has delivered consistent performance and steady growth. We are excited to partner with PSP during the next phase of its growth."

"PSP combines the convenience, expertise, and high-touch experience of a local neighborhood pet store with the curated selection and value of a national player," said Chris Rowland, CEO of Pet Supplies Plus in a press release.. "We look forward to partnering with Sentinel, a firm with deep franchising expertise, to help us drive revenue growth and geographic expansion."


Featured Articles

Amelia DeLuca, CSO at Delta Air Lines on Female Leadership

Driving decarbonisation at Delta Air Lines, Chief Sustainability Officer Amelia DeLuca discusses the rise of the CSO and value of more women in leadership

Liz Elting – Driving Equality & Building Billion-$ Business

Founder and CEO Liz Elting Turned Her Passion into Purpose and Created a Billion-Dollar Business While Fighting for Workplace Equality – and Winning

JPMorgan Chase: Committed to supporting the next generation

JPMorgan has unveiled a host of new and expanded philanthropic activities totalling US$3.5 million to support the development of apprenticeship programmes

How efficient digital ecosystems became business critical

Technology & AI

Mastercard: Supporting clients at a time of rapid evolution

Digital Strategy

Why Ceridian has boldly rebranded to Dayforce

Human Capital