According to a new Reuters report.
The value of mergers and acquisitions globally topped $ 5,000 billion for the first time ever, with volumes rising 63% to $ 5.63 billion on Dec. 16, Reuters reported, citing data by Dealogic. Overall, the volume of M&A transactions in the United States nearly doubled to $ 2.61 trillion in 2021, according to Dealogic data.
In the pet industry, mergers and acquisitions have been so prevalent this year that it’s a trend that Audree Berg-Farnsworth, co-owner of Auggie’s Pet Supplies and Auggie’s Pet Spa in Fort Lauderdale, Fla. , watch closely.
“I understand that owning a business can be relentless. It’s 24/7, and it’s attractive when someone walks in and offers relief, ”Berg-Farnsworth recently told Pet Product News (PPN). “My concern is how, if and when the products will change as a result of the business decisions that are made. Many of the small businesses we have become familiar with over the years are now evolving into larger, multi-faceted business communities. Change can be perceptually delicate. Our commitment is to provide the most accurate and up-to-date information to our customers.
RELATED: A Closer Look at Last Year’s Pet Industry Mergers & Acquisitions
Officials at Wag N ‘Wash, a specialty retailer offering grooming, retail and self-washing services at nearly 20 locations nationwide, follow several commercial periodicals in the pet industry. and assess each merger and acquisition “separately from a product quality and relationship perspective,” chairman Rob Flanagan told PPN earlier this year.
“Typically, we wait 12 to 18 months after the merger and acquisition to see how the logistics are worked out,” he added. “As long as the product quality is the same and we maintain the same strong relationship with supplier partners, mergers and acquisitions are often positive. “
M&A stories are often the most popular on petproductnews.com– and 2021 was no exception.
PPN’s 10 most read M&A news stories in 2021 were:
1. Petmate acquired by an investment firm
In September, the Arlington, Texas-based manufacturer of the Chuckit !, Pet Qwerks, Healthy Chews, Gamma2, JW and La-Z-Boy brands was acquired by private equity firm Platinum Equity. Read more.
2. An investment company acquires Primal Pet Foods
The Fairfield, Calif., Frozen and freeze-dried raw food pet maker was acquired by Kinderhook Industries in August. Kinderhook combined Primal Pet Foods and Prairie Dog Pet Products to form the Primal Pet group. Read more.
3. Pet Supplies Plus acquired for 700 million dollars
Sentinel Capital Partners sold the specialty pet chain to Franchise Group Inc. in a cash transaction valued at approximately $ 700 million. Officials announced the final deal on January 25. Read more.
4. Pet Food Experts to Acquire United Pacific Pet
In April, the Pawtucket, RI-based distributor revealed that it would expand its geographic footprint as part of a deal to acquire the operating assets of United Pacific Pet, a regional pet food distributor. and animal care products in the West. Read more.
5. Whitebridge Pet Brands acquired by a Belgian investment company
NXMH, a family-owned investment company based in Belgium, acquired in early August Whitebridge Pet Brands, which owns the brands Cloud Star, Tiki Cat and Tiki Dog, Dogswell, Pet Botanics, Crazy Dog and Grizzly Pet Product. Read more.
6. The owner of Mondou Pet Stores acquires Ren’s Pets
Legault Group, a family business based in Quebec and Canada that owns Mondou pet stores, acquired Ren’s Pets, a pet supplies retailer based in Guelph, Ontario, Canada, in late July. Read more.
7. Zesty Paws will be acquired by Growing Health and Nutrition Co.
In August, the pet supplement brand was purchased by Health & Happiness (H&H) Group International Holdings Ltd., which also acquired pet food maker Solid Gold Pet at the end of the year. last. Read more.
8. Pet Supplement Co. Acquisition of FoodScience Corp.
Wind Point Partners, a long-time investor in the consumer and pet products industries, with selected current and past investments including Targeted PetCare, Petmate, Pestell Nutrition, Tropicale Foods, Stir Foods, Evans Food Group , Shearer’s Foods, Voyant Beauty, and Radienz Living (fka US Nonwovens), bought the Williston, Vt-based supplement maker in March. Read more.
9. The pet food manufacturers K9 Natural and Feline Natural acquired by an investment company
In May, global investment firm KKR completed the acquisition of Natural Pet Food Group, a New Zealand-based premium pet food company that produces three brands of pet food: K9 Natural, Feline Natural and Meat Mates. Read more.
10. Prairie Dog acquires Himalayan Corp.
Prairie Dog Pet Products, a specialty manufacturer of American-made dog treats based in Grand Prairie, Texas, agreed to acquire Himalayan Corp., a company known for its cheese chews for dogs in April. Read more.