US pet retailer closes investment deal to “turbocharge” growth
Woof Gang Bakery & Grooming, with over 200 locations across the country, forecasts that revenues will top $100 million (€94.9M) this year.
New York-based principal investment firm Garnett Station Partners has invested in the retailer, which is the first time that it has received outside capital in its 15 years of existence.
“Woof Gang is ready for new and exciting leadership,” claimed company CEO Paul Allen. He highlighted the financial performance of the company, with 125 million (€118M) of run-rate system sales.
“Our vision to build an unparalleled neighborhood pet store brand, and provide the very best quality and service to customers and their pets, has been our passion and driving mission.”
Garnett Station stated they are looking forward to providing both the growth capital and operational resources necessary to “turbocharge” the company’s growth.
Founded in 2007 by Paul and Cara Allen, the company is the leading pet services and specialty retail franchisor in the United States, with more than 200 locations open or under development across 18 states.
Last September, and just 14 years after opening its first store in South Florida, the specialty retailer inaugurated its 150th shop.
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