Platinum Equity-backed Petmate Acquires Cosmic Pet from Guardian Capital Partners

Platinum Equity Acquires Petmate

September 15, 2021

Consumer Products

Platinum Equity has acquired Petmate, a longtime Arlington, Texas-based manufacturer and marketer of pet products, from Olympus Partners. Platinum Equity plans to support Petmate's organic growth and pursue additional M&A to broaden the company's product portfolio and accelerate expansion in e-commerce and retail channels; financial terms were not disclosed.

Ethos Partners Completes Buyout of Pet Mate

April 12, 2024

Consumer Products

Ethos Partners has completed a buyout of UK-based Pet Mate, the designer, manufacturer and distributor of pet products (brands include Cat Mate, Dog Mate and Fish Mate). Ethos and its HNW investor base provided equity while Shawbrook Financial Sponsors provided senior debt; the deal aims to support product innovation and domestic and international expansion under CEO Andrew Lane.

Petmate Acquires Pet Qwerks

August 19, 2020

Consumer Products

Petmate has acquired Pet Qwerks, a designer and developer of flavored nylon chews and interactive pet toys based in Irvine, California. Carl Marks Advisors served as sell-side advisor to Pet Qwerks' founder Jim Gick; financial terms were not disclosed. The acquisition expands Petmate's toy and chew product portfolio and e-commerce reach.

SportPet Acquires Mission Pets

November 11, 2021

Consumer Products

SportPet, a Topspin Consumer Partners portfolio company, acquired Mission Pets, a San Francisco-based designer and distributor of pet lifestyle products including apparel, collars, leashes, bowls, bedding and home décor. The add-on strengthens SportPet’s product portfolio and distribution reach by combining Mission Pets’ creative design capabilities with SportPet’s manufacturing scale and retailer relationships.

Canopy Capital Partners Acquires Pet Palette Distribution to Launch Pet-Products Platform

July 12, 2024

Logistics & Distribution

Canopy Capital Partners, a Tampa-based private equity firm, has acquired Pet Palette Distribution, a Sykesville, Maryland-based national wholesale distributor of pet products, marking the launch of Canopy's pet-product distribution platform. Canopy named Chris Miller as CEO, said it will pursue growth and complementary product verticals (including pet grooming) and is positioned to pursue bolt-on acquisitions for the new platform.

Apollo Funds Make Strategic Equity Investment in PetSmart

July 24, 2023

Retail

Funds managed by affiliates of Apollo Global Management have agreed to make a strategic equity investment in PetSmart, with BC Partners and its co-investors (including GIC and PetSmart management) remaining majority shareholders and retaining board control. The investment is intended to support PetSmart’s growth and operational initiatives across its omnichannel retail and services business; the transaction is expected to close in Q4 2023 and terms were not disclosed.