Investment firms acquired majority of Annimal Supply Company
Summit Partners and certain Goldman Sachs Asset Management, L.P. funds have acquired a majority stake in Animal Supply Company, one of the leading US pet food and supplies distributors.
The two investment firms have also provided a large investment of capital to Animal Supply to support its growth and operations.
“We are so appreciative of our independent pet retailers, vendors and employees for partnering with us on this journey, especially during this process,” said Don McIntyre, CEO of Animal Supply Company. “Our team is excited to work with Goldman Sachs and Summit as we look to renew and transform our business. Together, we will take our Company to the next level in customer care, digital innovation and growth.”
Randy Reber, current chairman and co-founder of Animal Supply, has joined the company’s new board and will remain a minority shareholder. “This transaction provides the financial and physical foundation upon which we can continue delivering success to pet specialty independent retailers,” Reber added.
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