PAWTUCKET, RI — Pet Food Experts (PFX), a distributor of pet food and supplies, has received an investment from Dot Family Holdings.
The amount of the investment was not disclosed. Dot Family Holdings is the investment office of the Tracy Family, owners and operators of Dot Foods Inc., the largest human food industry redistributor in North America.
“This is an incredible milestone for our PFX family,” said Michael Baker, president and CEO of Pet Food Experts. “This partnership with DFH and the Tracy Family enables us to tap into strategic resources that will strengthen our services and provide greater value to our existing partners, while continuing to nurture a healthy independent pet ecosystem.”
John Tracy, executive chairman and CEO of Dot Family Holdings, said, “Michael Baker and the Pet Food Experts team have built an exceptional business over the last 33 years. There is a burgeoning demand for natural pet food and products, and we’re very excited to make a large strategic investment alongside Michael to further build upon Pet Food Experts’ sizable market position.”
The partnership “will provide patient capital and substantial resources to mobilize future growth, support the development of value-add capabilities, people, technology, as well as, pursue add-on acquisitions,” according to a press release.
“Pet Food Experts has an exceptional culture and a strong track record of success,” said Tracy. “These are qualities we always look for when identifying companies to join the DFH family. We look forward to working with and supporting the team to successfully execute their growth strategy.”