Announced
Completed
Financials
Sources
Tags
Specialty Retailers
Domestic
Minority
Single Bidder
United States
pet stores
Acquisition
Private
Private Equity
Friendly
Completed
Synopsis
Apollo, an investor, completed the investment in PetSmart, an omnichannel pet retailer. Financial terms were not disclosed. “We are delighted to welcome Apollo as a strategic partner – affirming our growth and the strength of our associates’ commitment to doing anything for pets. The combined expertise of BC Partners and Apollo enables even greater value creation opportunities as we embark on the next stage of growth for the business. We are grateful for the continued support of BC Partners, who have been our trusted partner for over eight years and look forward to working with the team at Apollo who bring the highest levels of expertise and whose vision for PetSmart aligns with our own," J.K. Symancyk, PetSmart President and CEO.
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