Mosaic Capital Partners Executes ESOP Acquisition of Best Friends Pet Hotel
January 15, 2019
Mosaic Capital Partners announced an ESOP acquisition of Best Friends Pet Hotel, a national pet hotel operator with 30 U.S. locations and ~90,000 active clients, enabling employees to become owners. Industry veteran Reed Howlett joined as an investor and board member; ICG Capital Securities served as Best Friends' financial advisor.
- Buyers
- Mosaic Capital Partners, LLC, Employee Stock Ownership Plan (ESOP) / Best Friends employees, Reed Howlett
- Targets
- Best Friends Pet Hotel
- Industry
- Restaurants & Hospitality
- Location
- Connecticut, United States
- Transaction Type
- Buyout
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