Roark Capital merges Pet Valu and Pet Supermarket
Pet Valu and Pet Supermarket, portfolio companies of U.S. private equity firm Roark Capital Group, have been merged. No financial terms were released. In a separate statement, Golub Capital said it provided a US$605 million debt facility in support of the deal. Roark Capital, which acquired Pet Valu in 2009 and Pet Supermarket in 2015, said their combination will create the third-largest pet specialty retailer in North America with over 930 stores. The new entity, Pet Retail Brands, is expected to generate US$1 billion in sales. Pet Valu and Pet Supermarket will continue to operate as independent brands at their respective headquarters of Markham, Ontario and Sunrise, Florida.
11 July 2016•5 mins read
