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Announced

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InvoCare completed the acquisition of Family Pet Care and Pets in Peace for $50m.

Synopsis

InvoCare, a provider of end of life services, completed the acquisition of Family Pet Care and Pets in Peace, two pet cremation services providers, for $50m. "The acquisitions are a significant expansion into the adjacent market of pet cremations building on our 2018 entry into this market in NSW and transforming the Pet Cremation division of InvoCare into a meaningful contributor to overall earnings. We are excited to complete these transactions as they are both very high-quality businesses providing exceptional levels of customer service. Expanding the pet cremation business is a natural evolution for InvoCare providing opportunities to leverage its decades of operating in the end of life market. In addition, it is our belief that our deep experience in memorialisation in our core business will transfer across to the pet sector given the increasing trend towards the humanisation of the pet industry," Martin Earp, InvoCare CEO.

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