Independence Pet Group Acquires Felix Cat Insurance Brand
September 18, 2023
Independence Pet Group (IPG) has agreed to acquire Felix, a U.S. cat-only pet insurance brand created and operated by The Connected Pet Company. The acquisition expands IPG's portfolio and capabilities to better serve the fast-growing cat pet insurance market and is expected to close in H2 2023 subject to customary approvals.
- Buyers
- Independence Pet Group
- Targets
- Felix (Felix Cat Insurance)
- Sellers
- The Connected Pet Company (The Connected Pet Company, LLC)
- Industry
- Insurance
- Location
- Arizona, United States
- Transaction Type
- Buyout
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