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Pet Supplies Plus Acquires 20 Loyal Companion Pet Stores From Parent Company Independent Pet Partners

Mar 02, 2023•almost 3 years ago

Acquiring Company

Pet Supplies Plus

Acquired Company

Pet Supplies Plus

OtherCommerce And ShoppingOtherCommerce And Shopping

Description

Pet Supplies Plus ("PSP" or the "Company"), the largest independent pet retailer in North America with over 660 stores in 41 states, and Wag N' Wash, the emerging grooming, self-wash, and natural pet food franchise, are expanding in the Northeastern United States through their latest acquisition of 20 Loyal Companion Pet Stores from their Parent Company, Independent Pet Partners. Of these twenty stores located in MA, MD, ME, NH, and VA, ten will be Pet Supplies Plus stores and ten will be Wag N' Wash stores.

Company Information

Company

Pet Supplies Plus

About

Pet Supplies Plus, a subsidiary of Franchise Group, Inc. (NASDAQ: FRG), is focused on making it easier to get better products and services for your pet. With over 600 locations in 39 states, the stores have a streamlined design making it easy to navigate a wide assortment of natural pet foods, goods, and services. Additionally, www.petsuppliesplus.com provides neighbors with additional shopping options to better meet their pet-shopping needs. Headquartered in Livonia, Michigan, Pet Supplies Plus ranked No. 20 in Entrepreneur magazine's 43rd Annual Franchise 500® list as of 2022, and is ranked as the Top Full-Service Pet Supplies Franchise for the eighth year running for its exceptional performance in areas including financial strength and stability, growth rate and system size. For more information on Pet Supplies Plus franchise opportunities, visit www.petsuppliesplusfranchising.com.

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