M&A Deal Summary

PetIQ Acquires Elanco Animal Health - Capstar

On January 13, 2020, PetIQ acquired consumer services company Elanco Animal Health - Capstar from Elanco for 95M USD

Acquisition Highlights
  • This is PetIQ’s 2nd transaction in the Consumer Services sector.
  • This is PetIQ’s 3rd largest (disclosed) transaction.
  • This is PetIQ’s 2nd transaction in the United States.
  • This is PetIQ’s 1st transaction in Indiana.

M&A Deal Summary
Date 2020-01-13
Target Elanco Animal Health - Capstar
Sector Consumer Services
Buyer(s) PetIQ
Sellers(s) Elanco
Deal Type Divestiture
Deal Value 95M USD

Target

Elanco Animal Health - Capstar

Greenfield, Indiana, United States
Elanco Animal Health, Inc. - Capstar is an oral over-the-counter (“OTC”) flea treatment product in the United States. The Capstar portfolio is comprised of seven SKUs, including three private-label SKUs that are sold under the Capaction® brand. Capstar® is an oral tablet for the treatment of flea infestations on dogs, puppies, cats, and kittens and is currently the best-selling oral OTC flea treatment product in the United States.

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Buyer(S) 1

Buyer

PetIQ

Eagle, Idaho, United States

website

Category Company
Founded 2010
Sector Consumer Services
Employees1,015
Revenue 922M USD (2022)
DESCRIPTION

PetIQ is a distributor and supplier of branded and generic pet pharmaceuticals and over-the-counter (OTC) products to national retailers. PetIQ was founded in 2010 and is based in Eagle, Idaho.

DEAL STATS #
Overall 3 of 3
Sector (Consumer Services) 2 of 2
Type (Divestiture) 2 of 2
State (Indiana) 1 of 1
Country (United States) 2 of 2
Year (2020) 1 of 1
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-08 Perrigo Company - Perrigo Animal Health

Dublin, Ireland

Perrigo Company PLC - Perrigo Animal Health makes quality products that help protect furry family member’s well-being. Perrigo Animal Health brands include PetArmor®, SENTRY®, and Sergeant’s®. With a pet health and well-being heritage dating back to 1868, Perrigo Animal Health unit continues to develop products that empower pet parents to care for their pets at home. Perrigo Animal Health products include flea and tick treatments, behavior products, allergy relief, de-wormer medications and more.

Buy $185M

Seller(S) 1

SELLER

Elanco

Greenfield, Indiana, United States

website

Category Company
Founded 1954
Sector Life Science
Employees9,000
Revenue 4.4B USD (2022)
DESCRIPTION

Elanco develops and markets products and services to improve animal health and protein production in more than 75 countries. Elanco employs more than 3,000 people worldwide, with offices in more than 40 countries. Elanco was incorporated in 1954 and is based in Greenfield, Indiana.

DEAL STATS #
Overall 1 of 3
Sector (Consumer Services) 1 of 1
Type (Divestiture) 1 of 3
State (Indiana) 1 of 3
Country (United States) 1 of 3
Year (2020) 1 of 2
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-20 Bayer AG - Animal Health Business

Leverkusen, Germany

Bayer AG - Animal Health Business is an animal health service provider.

Buy $7.6B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-16 Elanco Animal Health - StandGuard

Greenfield, Indiana, United States

Elanco Animal Health's StandGuard Pour-on is a premium product in the domestic beef cattle insecticide market that controls horn flies and lice on beef cattle and calves.

Sell -
Mergr

Product

Company

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