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April 6, 2018
Pet Valu and Pet Supermarket have joined forces to create the third largest pet specialty retailer and the largest small format, neighborhood pet specialty retailer in North America.
Both retailers, however, will continue to operate as independent brands, as well.
The combined business, Pet Retail Brands, will create a retail footprint that includes more than 930 stores and is estimated to generate approximately $1 billion in retail sales across the U.S. and Canada.
Both Pet Valu and Pet Supermarket are one-stop shops for consumers, offering a selection of pet food, supplies and services.
As part of the agreement, Thomas McNeely, chief executive officer, Pet Valu will become the president and chief executive officer of Pet Retail Brands.
Additional terms of the agreement were not disclosed.
Pet Valu was taken private by an affiliate of Roark Capital in 2009. Pet Supermarket was acquired by an affiliate of Roark Capital in 2015.
“The combination of these two highly complementary businesses, both long established brands with strong cultures and deep commitments to local communities and helping pets, will create the leading community focused pet specialty retailer in North America,” says Ezra Field, managing director, Roark Capital. “Together, both brands will benefit by sharing infrastructure, resources and best practices to deliver superb value to both Pet Valu and Pet Supermarket’s loyal customers, committed employees and business partners.”
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