Pet Valu Acquires Les Franchises Chico Inc.
February 25, 2022
Pet Valu Holdings Ltd. acquired Les Franchises Chico Inc. (Chico), Québec’s largest pet specialty franchisor, expanding Pet Valu’s presence into Québec. Chico operates 66 franchised locations across the province (2021 system-wide sales ~ $79M; revenue ~ $7M); Pet Valu will operate Chico as a separate Montréal-led subsidiary with the founders remaining active, and the acquisition was funded with cash on hand.
- Buyers
- Pet Valu Holdings Ltd.
- Targets
- Les Franchises Chico Inc. (Chico)
- Industry
- Retail
- Location
- Quebec, Canada
- Transaction Type
- Buyout
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