Clearlake Capital Group to acquire Wellness Pet Food from Berwind.

Private equity firm Clearlake Capital Group agreed to acquire Wellness Pet Food, a pet food provider, from Berwind, a private investment management company. Financial terms were not disclosed. "We are thrilled to partner with WellPet during such a pivotal time in the premium pet food and treats category. We believe the current market tailwinds, enduring increase in pet ownership, and pet humanization dynamics offer a unique opportunity to meaningfully invest behind the Company and accelerate WellPet’s near- and long-term growth objectives to serve pet parents in the best possible ways. We are eager to support the WellPet management team and bring together all of Clearlake’s available resources to drive value creation, accelerate organic growth, and create a consolidation platform for the category," José E. Feliciano, Clearlake Co-Founder and Managing Partner.