Bansk Group Acquires PetIQ, Inc.
August 7, 2024
Bansk Group, a New York-based consumer-focused private investment firm, agreed to acquire PetIQ, Inc. in an all-cash transaction valued at approximately $1.5 billion ($31.00 per share). The deal, approved by PetIQ’s board and completed on October 25, 2024, takes PetIQ private; the company will continue to be operated independently by its executive team and Bansk plans to invest in brand, marketing, capabilities and strategic growth initiatives.
- Buyers
- Bansk Group
- Targets
- PetIQ, Inc.
- Sellers
- PetIQ stockholders
- Industry
- Consumer Products
- Location
- Idaho, United States
- Transaction Type
- Buyout
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