Franchise Group completed the acquisition of Pet Supplies Plus from Sentinel for $700m.

Franchise Group, an operator of franchised and franchisable businesses, completed the acquisition of Pet Supplies Plus, an omnichannel retail chain and franchisor of pet supplies and services, from Sentinel Capital Partners, a private equity firm, for $700m. “We are extremely pleased with PSP’s significant expansion and successful integration of new franchisees into its system. PSP is the #1 pet franchisor in the US in an attractive, growing market driven by loyal consumers passionate about pet ownership. We were honoured to work with PSP’s highly committed and talented management team who have superbly positioned the company for continued growth," Marc Buan, Sentinel Principal.