EarthWise Pet Acquires 42 Franchise Locations and Independently Branded Stores – Yahoo Finance
SEATTLE , Nov. 15, 2022 /PRNewswire/ — EarthWise Pet announced the acquisition of 42 franchise locations and independently branded stores. With this acquisition, EarthWise Pet expands to over 170 locations, of which approximately 75% are franchisee-owned and 25% are usually corporate-owned.
EarthWise Pet is a premier pet services platform with a 40+ year track record of providing brand-focused all-natural pet food, eco-friendly toys and supplies, plus grooming and daycare services.
“We are well-positioned for strong organic and acquisition growth. In addition to our core and rapidly growing franchise base, we are leveraging our organization and network to pursue additional accretive acquisitions, enabling us to execute on our broader pet services strategy, ” stated Mike Seitz , CEO.
Terms of the transaction were not disclosed.
Peakstone served as financial advisor on the transaction.
SOURCE EarthWise Pet