Sentinel Capital Companions Completes Sale of Pet Provides Plus | state
NEW YORK, March 10, 2021 / PRNewswire / – Sentinel Capital Companions, a non-public fairness agency investing in promising lower-middle market corporations, right now closed the sale of Pet Provides Plus (“PSP”), the third-largest specialty chain for pets in the USA, at Franchise Group, Inc. The deal is valued at $ 700 million.
Based in 1988 and based mostly in Livonia, Michigan, PSP is the main franchisor and operator of specialty pet shops that ship a customer-centric buying expertise in smaller shops which have a neighborhood really feel. PSP combines the advantages of a nationwide scale with these of a pleasant, native neighborhood pet retailer. The shops have a streamlined design, which makes them simple to navigate, and a big assortment of proprietary and third-party branded pet meals, arduous merchandise, and pet companies. PSP additionally presents on-line buying options with similar day supply to native shops or curbside pickup. PSP is acknowledged by Contractor journal because the premier full-service pet provides franchise for its glorious efficiency, monetary energy and stability, progress price and system dimension. Right this moment, PSP’s footprint consists of 562 shops spanning 36 states, up from 448 shops serving 33 states when Sentinel acquired two years in the past.
Sentinel has in depth expertise in investing in franchise companies, each as a franchisor and as a franchisee. Sentinel has acquired 14 franchise investments throughout its historical past, together with Border Meals, a franchisee within the Taco Bell system; Captain D’s, franchisor and operator of greater than 530 Captain D’s seafood eating places; Women, franchisor and operator of two fast service eating places with drive-thru; Cottman transmission methods, franchisor of car transmission facilities; Falcon Holdings, the most important franchisee of Church rooster Eating places; Fazoli, regional franchisor and operator of fast-casual Italian eating places; Interim well being care, the most important supplier of house well being care and supplemental well being care staffing companies within the nation; Huddle Home, franchisor of household eating places; Therapeutic massage Envy, the most important franchisor of therapeutic therapeutic massage companies within the nation; Newk’s restaurant, franchisor and operator of fast-casual eating places within the South East; Southern California Pizza Firm, the unique Pizza Hut franchisee within the largest Los Angeles market; TGI Fridays, a worldwide franchisor and operator of iconic American-style bars and steakhouses; Tony roma, a franchisor of informal eating places; and Very important care, franchisor of house infusion companies.
About Sentinel Capital Companions
Sentinel focuses on shopping for and constructing center market companies United States and Canada in partnership with administration. Sentinel targets the aerospace and protection, enterprise companies, client, retail, meals and restaurant, franchise, healthcare, and industrial enterprise sectors. Sentinel invests in administration buyouts, recapitalizations, firm divestitures, going-private transactions and equity-structured investments of established corporations with EBITDA of as much as $ 80 million. Sentinel additionally invests in particular conditions, together with steadiness sheet restructurings and operational changes. For extra data on Sentinel, go to www.sentinelpartners.com.
Contact: Roland tomforde
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SOURCE Sentinel Capital Companions