It’s the first such deal for Pestell.
CHICAGO – Pestell Group has acquired BPV Environmental, a maker of alternative, paper-based animal litter, small animal bedding, and lawn and garden products.
The combination of Pestell and Byron Center, MI-based BPV "creates the opportunity to leverage both companies’ complementary products, brand portfolios, and distribution networks in the U.S. and Canada," according to a Pestell press release.
Financial terms of the deal were not disclosed.
BPV manufactures both private label and branded pet care and lawn and garden products, selling its products through retailers, distributors, and other manufacturers. BPV "facilitates additional avenues of growth for Pestell, with the Company’s product portfolio now including paper-based cat and multi-cat litter, small animal litter, small animal bedding, mulch and lawn patches," according to the release.
"I am happy to welcome the entire BPV team into the Pestell Group organization," said Matt Miller, Pestell Group CEO. "Both businesses share common values, cultures and customer bases, and we are excited about the future with this combination. We believe BPV and Pestell customers will be excited to hear about the additional opportunities we can now provide as a combined organization."
Pestell is a portfolio company of Wind Point Partners. Paul Peterson, managing director with Wind Point Partners, said, "BPV provides significant strategic value for Pestell as it increases the Company’s product breadth and further expands Pestell into the Midwestern United States. Entrepreneurs Marty Phelan, Tom Vogeler, and Jody Black have built a fantastic business and we are eager to continue growing it with Pestell."
The deal marks Ontario-based Pestell’s first acquisition as the company seeks to expand its product offering and geographic presence for its customer base. Pestell's pet products unit manufactures cat litter and small animal bedding products.
Marty Phelan, co-owner of BPV, said, “The merging of BPV and Pestell, with the support of Wind Point, will create a solid foundation that will help accelerate our growth. Through this process we’ve built strong relationships with the Pestell and Wind Point teams and are extremely confident they’ll be able to take BPV to the next phase of its growth. I’m excited for the opportunities this transaction creates for our BPV team members, customers and vendors.”
Wind Point Partners acquired Pestell in June of 2018 in partnership with Matt Miller, a veteran of the pet and consumer industries. In cooperation with Matt and management of Pestell and BPV, Wind Point will seek to continue expanding the Pestell platform through a combination of organic growth and complementary acquisitions like BPV, according to the release.