Pet Industry Deal Activity – Q1 2012
Pet Industry M&A is off to a hot start in 2012, featuring ten announced transactions. Pet deals varied in size and segment with deals in pet product manufacturing, pet food distribution, pet related websites, veterinary products and services, animal health, and pet retail. Phillips Feed and Pet Supply, a pet food distributor, closed two deals in the first quarter of 2012 and expanded their distribution network in the Northeast. Strategic acquisitions dominated the first quarter; however, financials continue to be interested in innovative pet companies as seen in the Dog Vacay deal.