M&A Deal Summary

Bansk Group Acquires PetIQ

On August 7, 2024, private equity firm Bansk Group acquired consumer services company PetIQ for 1.5B USD

Acquisition Highlights
  • This is Bansk Group’s 1st transaction in the Consumer Services sector.
  • This is Bansk Group’s largest (disclosed) transaction.
  • This is Bansk Group’s 7th transaction in the United States.
  • This is Bansk Group’s 1st transaction in Idaho.

M&A Deal Summary
Date 2024-08-07
Target PetIQ
Sector Consumer Services
Buyer(s) Bansk Group
Deal Type Going Private
Deal Value 1.5B USD
Advisor(s) Jefferies (Financial)
Cooley
Davis Polk & Wardwell (Legal)

Target

PetIQ

Eagle, Idaho, United States
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.

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Buyer(S) 1

Buyer

Bansk Group

Investor

Category Private Equity Firm
Founded 2019
PE ASSETS 2.0B USD
Size Large
Type Sector Focused
DESCRIPTION

Bansk Group is a consumer focused private equity firm. Specific areas of interest include household products, beauty & personal care, consumer health, and food/beverage. The Firm looks to invest $100 to $400 million and looks to be a long-term partner with management in pursuing new avenues for growth. Bansk Group was established in 2019 and is headquartered in New York City.

DEAL STATS #
Overall 8 of 9
Sector (Consumer Services) 1 of 1
Type (Going Private) 1 of 1
State (Idaho) 1 of 1
Country (United States) 7 of 8
Year (2024) 2 of 3
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-01 No Man’s Land Beef Jerky

Enid, Oklahoma, United States

No Man’s Land Beef Jerky delivers authentic, slow-dried all-beef jerky and meat sticks in four distinct flavors Hot, Mild, Black Pepper, and Fajita Lime. No Man’s Land Beef Jerky was founded in 1997 and is based in Enid, Oklahoma.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-04 Foundation Wellness

Wadsworth, Ohio, United States

Foundation Wellness is a specialty designer and manufacturer of branded and private label orthotic solutions, including footbeds/insoles, foot care products, orthopedic braces, sports support, and ergonomic safety products. Foundation Wellness was founded in 1934 and is based in Wadsworth, Ohio.

Buy -
Mergr

Product

Company

Legal