Apollo Funds Make Strategic Equity Investment in PetSmart
July 24, 2023
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.
- Buyers
- Funds managed by affiliates of Apollo (Apollo Global Management)
- Targets
- PetSmart
- Sellers
- BC Partners, Co-investors (including GIC and PetSmart management team)
- Industry
- Retail
- Location
- Arizona, United States
- Transaction Type
- Growth capital
Explore More
Related Acquisitions
-
Apollo Funds Acquire Majority Stake in Bold Production Services
February 12, 2025
Energy
Funds managed by Apollo affiliates have acquired a majority interest in Bold Production Services, a Houston-based provider of contracted natural gas treatment solutions. The investment will support Bold's growth and expansion of its fleet and services to meet rising U.S. natural gas demand across Permian and Eagle Ford basins.
-
CPS Capital Makes Growth Investment in PharmaSmart International
July 12, 2021
Medical Devices
Toronto-based private equity firm CPS Capital made a strategic growth investment in PharmaSmart International alongside the company’s existing management team. The financing (which included term debt from FirePower Capital and Nicola Wealth) will fund roll‑out of PharmaSmart’s PS-2000D health kiosk platform and accelerate expansion across Canada and the United States.
-
A&M Capital Partners Acquires Majority Interest in BrightPet Nutrition Group
September 29, 2020
Food & Beverage
A&M Capital Partners (part of Alvarez & Marsal Capital) has acquired a majority interest in BrightPet Nutrition Group, a Lisbon, Ohio-based manufacturer of premium and super-premium pet food and treats. The Golladay family will retain minority ownership and continue in management roles; the seller included Graham Partners, which announced the exit. AMCP plans to accelerate growth through channel expansion, product portfolio investments and strategic acquisitions.
-
Apollo Funds Acquire Tony's Fresh Market
April 20, 2022
Retail
Funds managed by Apollo Global Management have acquired Tony's Fresh Market, a Chicago-area specialty grocery chain operating 18 stores. The founding family will remain involved as managers and minority shareholders while Apollo plans to support growth through go-to-market execution, customer loyalty programs and e-commerce expansion.
-
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.
-
Flexpoint Ford Makes Growth Equity Investment in Apollo Care
December 18, 2024
Healthcare Services
Flexpoint Ford has made a minority growth equity investment in Apollo Care through Flexpoint Fund V. The capital will be used to accelerate Apollo Care's technology and commercial solutions—expanding its patient copay, hub solutions, data warehousing, and commercial analytics offerings; Flexpoint principals Jonathan Oka and Elliot Lauzen will join Apollo Care’s board.
Track M&A activity that matters to you
Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.