The new owner, a real estate firm, aims to redefine the pet-friendly leisure market in the US.
Dog park company Bar K is being acquired by Diversified Partners, an Arizona-based real estate development and management firm, for an undisclosed amount. The company has reportedly been chasing the deal for 2 years.
Local media has reported that after the acquisition, Diversified Partners wants to open 100 new venues across the United States and Canada by 2027, with Bar K’s headquarters relocating to Arizona.
These markets may include Texas, Florida, San Diego, California, Ohio, and cities like Atlanta, Chicago, Nashville, Phoenix, Baltimore, Las Vegas and Seattle.
With the opening of new dog parks, sources estimate the creation of 500 jobs by 2025.
Diversified Partners is reportedly working on licensing in other countries, from Walmart to McDonald’s worldwide, to push Bar K’s expeditious growth.
“We have been attracted to the company for many, many years” and that it has the ‘X’ factor,” says Walt Brown Jr., CEO and president of Diversified Partners.
Bar K offers dog-friendly bar and restaurant spots for dog owners and their pets, each with a fully-staffed dog park and event space. The company was established at its flagship location on Kansas City’s riverfront in 2018 and expanded to St. Louis and Oklahoma.
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