Pet supplies company Worldwise acquired
Private equity firm Alvarez & Marsal Capital Partners announces their acquisition of the Canadian pet supplies company.
The company was founded in 1990 and has grown into a strong player in the core cat and pet travel categories.
Current Worldwise CEO Kevin Fick will continue to lead the Company following the acquisition.
With AMCP’s support, the Company will remain focused on developing new, innovative products, expanding its e-commerce capabilities and further leveraging its leading brand positions to scale the business and enter new markets and product categories. They’ll also pursue additional acquisition opportunities to grow its platform, reach and product offerings, with a specific focus on toys, chews, cat, travel and other key categories.
“We could not be more excited about this acquisition and what it means for our future,” said Mr. Fick. “AMCP knows the pet industry well, and with their financial and strategic backing—including the significant resources of A&M’s consulting business—we will have the opportunity to invest in our business, build significantly on our category leadership and accelerate our growth. We are excited to provide pets and pet parents with even more highly innovative, high-quality products across cat and dog accessories, while maintaining our relentless focus on the customer. We’ve worked hard to become a global leader by providing the highest quality products for pets and pet parents and can’t wait to accelerate our strong trajectory into new segments and geographies.”
Details of the transaction are undisclosed.