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Pet Supplies Plus Acquired by Private Equity Firm

The company has 448 stores.

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NEW YORK – Pet Supplies Plus, the third-largest pet specialty chain in the U.S., has been acquired by private equity firm Sentinel Capital Partners.

Financial terms of the deal were not disclosed.

Founded in 1988 and headquartered in Livonia, MI, PSP is a leading franchisor and operator of pet-specialty stores.

Serving 33 states, PSP’s system includes 448 stores, split evenly between franchised and company-owned locations. The company is billed as the largest “independent” pet-specialty operator in the country.

“PSP is the #1 pet franchise system in the U.S. with an expanding footprint and a large white-space opportunity,” said Marc Buan, a Sentinel principal. “The pet industry is very attractive due to its stability, growth, and passionate consumer base. PSP has a strong position in the pet retail segment and a very loyal customer base. Led by a highly committed and talented management team, PSP has delivered consistent performance and steady growth. We are excited to partner with PSP during the next phase of its growth.”

Chris Rowland, CEO of Pet Supplies Plus, said, “PSP combines the convenience, expertise, and high-touch experience of a local neighborhood pet store with the curated selection and value of a national player. We look forward to partnering with Sentinel, a firm with deep franchising expertise, to help us drive revenue growth and geographic expansion.”

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Sentinel has broad experience investing in franchise businesses. Sentinel has acquired 13 franchise investments in its history, including:

  • Border Foods, a franchisee in the Taco Bell system.
  • Captain D’s, a franchisor and operator of more than 500 Captain D’s seafood restaurants.
  • Checkers, a franchisor and operator of dual drive-thru quick service restaurants.
  • Cottman Transmission Systems, a franchisor of automotive transmission centers.
  • Falcon Holdings, the largest franchisee of Church’s Chicken restaurants.
  • Fazoli’s, a regional franchisor and operator of Italian fast-casual restaurants.
  • Interim Healthcare, the nation’s largest provider of home healthcare and supplemental healthcare staffing services Huddle House, a franchisor of family dining restaurants.
  • Massage Envy, the nation’s largest franchisor of therapeutic massage services.
  • Newk’s Eatery, a franchisor and operator of fast-casual restaurants in the Southeast.
  • Southern California Pizza Company, the exclusive Pizza Hut franchisee in the greater Los Angeles market.
  • TGI Fridays, a global franchisor and operator of iconic American-style bar and grill restaurants.
  • Tony Roma’s, a franchisor of casual dining restaurants.

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Pet Supplies Chain Signs 22 Franchise Agreements

The deals will result in 46 stores.

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LIVONIA, MI — Pet Supplies Plus announced that it welcomed 46 new franchise store deals in the first half of 2019.

Twenty-two new agreements represent the 46 locations.

The stores will be developed across Texas, Florida, California, Michigan, Kentucky and New Hampshire.

Pet Supplies Plus stated in a press release that it has attracted franchisees from varying backgrounds, including former corporate positions, military veterans and entrepreneurs. Additionally, four franchise brokers have signed on to open their own Pet Supplies Plus stores.

The brand currently has 460 locations, according to the release.

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“We consistently add 30 stores a year, in part because franchise candidates know our tagline, ‘Minus the hassle,’ also refers to our franchise opportunity,” said Pet Supplies Plus CEO Chris Rowland. “We ‘minus the hassle’ out of business ownership and handle the back-office duties like merchandising, marketing, supply chain, promotions, pricing and managing social media allowing our franchisees to focus on what they love to do – engaging with neighbors (a term Pet Supplies Plus uses for customers) and building strong store teams.”

Additionally, six existing franchisees signed franchise agreements further investing in the brand. These six current franchise agreements account for 22 of the new store deals, with one franchise group committed to adding 15 more locations.

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Pet Food Maker Opens $200M Plant

It’s located in Richmond, IN.

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RICHMOND, IN — Natural pet food brand Blue Buffalo announced the opening of its $200 million manufacturing plant in Richmond, IN.

The 400,000-square-foot plant will create 165 full-time jobs in food processing, quality assurance, maintenance and plant management. The 125-acre campus increases the U.S. production capacity of BLUE Life Protection Formula, BLUE Wilderness, BLUE Basics and BLUE Freedom dry dog and cat foods.

“Blue Buffalo is focused on enhancing the health of pets by providing dog and cat food made with the highest quality wholesome, natural ingredients,” said Billy Bishop, president of Blue Buffalo Pet Foods, a division of General Mills Inc. “Our new state-of-the-art plant in Richmond exceeds industry standards in food safety and product quality, and will allow Blue Buffalo to feed more pets and reach more pet parents wherever they shop.”

The plant has the capacity to produce more than 1 million pounds of dry dog and cat food per day.

“With this expanded manufacturing capability, General Mills and Blue Buffalo can better meet the growing demand for pet food made with natural ingredients,” said Jeff Harmening, General Mills chairman and CEO. “This new plant is another example of General Mills accelerating the growth of our natural and organic brands. As an Indiana native, I’m also proud that Blue Buffalo is creating jobs and fueling the local economy in Richmond and surrounding areas.”

Construction of the plant started in 2016. It is Blue Buffalo’s second company-owned manufacturing plant, with the first facility located in Joplin, MO. Blue Buffalo products can be found at pet specialty stores and grocery, drug store and mass merchandise retailers in North America as well as Amazon.com, Chewy.com and other online stores.

“Job creators around the world continue to choose to grow their operations in Indiana because of our low costs and highly-skilled Hoosier workforce,” said Indiana Gov. Eric J. Holcomb. “Companies like General Mills and Blue Buffalo are taking notice, and we’re thrilled for them to make their premium pet food in the strongest manufacturing state in the country. Blue Buffalo’s Indiana growth will provide quality career opportunities to Hoosiers, and we look forward to their many years of success in our state.”

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Pet Care Product Company Acquired

MiracleCorp purchased the Natural Chemistry Pet & Home brand.

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MiracleCorp has announced the acquisition of Natural Chemistry Pet & Home brand, known for its natural flea and tick, grooming and pet care products, from Muntech Products.

Financial terms of the deal were not disclosed.

“We are delighted to integrate the Natural Chemistry Pet & Home line into our Miracle Care brand,” said Patricia Weimer, COO of MiracleCorp. “We expect this to be a seamless transition over the next 6 weeks where we expect to provide incredible products along with MiracleCorp’s extremely high fill rates and comprehensive top of class customer service.”

Alison Cremeans, marketing manager at MiracleCorp, added, “Their premium, natural products complement our Miracle Care assortment perfectly. These products are both very effective and affordable which will resonate with retailers, pet parents and pet professionals.”

“We are delighted to pass along the high preforming Natural Chemistry Pet & Home assortment to the very capable team at MiracleCorp, so that we may shift our focus to other strategic initiatives,” said Christian Shaffer, COO of Muntech Products.

All Natural Chemistry Pet & Home products are now available through MiracleCorp and ready to ship from their Dayton, OH, headquarters. Natural Chemistry Pet & Home products will be on display at SuperZoo in the MiracleCorp booth 4159.

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