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New Deal


Announced

Completed

Turning Rock Partners completed the investment in Best Friends Pet Care.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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boarding

United States

dog services

grooming

Consumer Services: Other

Acquisition

Domestic

Private

Private Equity

Completed

Friendly

Single Bidder

Minority

Synopsis

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Turning Rock Partners, a private investment firm, completed the investment in Best Friends Pet Care, a provider of pet care services. Financial terms were not disclosed. "Best Friends is an attractive investment for Turning Rock because it is Employee Owned Certified, which gives employees a direct incentive to work hard and take pride in what they do. The Company being employee owned demonstrates a high degree of alignment and the management also has extensive industry experience, coming to Best Friends from Petco. This combination was appealing to TRP," Saba Ahmad, Turning Rock President.

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