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Earthwise Pet Acquires Maine-Based Loyal Biscuit Pet Supply Stores.

Mar 13, 2023•over 2 years ago

Acquiring Company

EarthWise Pet

Acquired Company

Loyal Biscuit

Media And Entertainment

Description

EarthWise Pet has recently announced that they have acquired six Loyal Biscuit pet supply stores located throughout Maine. The decision to join forces with EarthWise Pet was made by Loyal Biscuit's owner, Heidi Neal, as she believes that EarthWise Pet's philosophy is very similar to the one she has created with her business. The acquisition of Loyal Biscuit by EarthWise Pet is a strategic move that allows both companies to serve the communities of Maine better.

Company Information

Company

EarthWise Pet

About

EarthWise Pet (EarthWisePet.com) is a coalition of locally owned and operated franchised pet nutrition stores and pet wellness spas that are committed to improving the lives of America’s furry family members. Its first affiliate family-owned store opened in 1977, and the first franchised store opened in 2008. Entrepreneurs can learn more about ownership opportunities at EarthWisePetFranchise.com. EarthWise Pet currently has locations in Arizona, Arkansas, California, Colorado, Florida, Georgia, Illinois, Indiana, Iowa, Kansas, Maryland, Michigan, Minnesota, Missouri, Montana, Nevada, New Jersey, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, South Dakota, Tennessee, Texas, Washington, and Wisconsin, with additional locations opening in Kentucky, New York, and North Carolina.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed