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  6. Canopy Capital Partners Acquires Pet Palette

M&A Deal Summary

Canopy Capital Partners Acquires Pet Palette

On July 12, 2024, private equity firm Canopy Capital Partners acquired distribution company Pet Palette

Acquisition Highlights
  • This is Canopy Capital Partners’ 1st transaction in the Distribution sector.
  • This is Canopy Capital Partners’ 9th transaction in the United States.
  • This is Canopy Capital Partners’ 1st transaction in Maryland.

M&A Deal Summary
Date 2024-07-12
Target Pet Palette
Sector Distribution
Buyer(s) Canopy Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Pet Palette

Sykesville, Maryland, United States
Pet Palette Distribution is a national wholesale distributor of high-quality pet products for the independent pet retailer community. The business focuses on distributing high-quality pet products, including toys, leashes, bowls, apparel, shampoo, treats, and health and wellness offerings. Pet Palette Distribution is based in Sykesville, Maryland.

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Buyer(S) 1

Buyer

Canopy Capital Partners

Investor Investor

Category Private Equity Firm
Founded 2015
Size Small
Type Sector Agnostic
DESCRIPTION

Canopy Capital Partners is a private equity firm focused on lower middle-market companies generating sales of $5 to $100 million and EBITDA between $1 and $10 million. Canopy Capital Partners will consider a variety of transaction situations, including management buyouts, growth financings, and recapitalizations. Sectors of interest include business services, construction, distribution, machinery, manufacturing, and transportation. Canopy Capital Partners was formed in 2015 and is based in Tampa, Florida.

DEAL STATS #
Overall 9 of 9
Sector (Distribution) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 2 of 2
State (Maryland) 1 of 1
Country (United States) 9 of 9
Year (2024) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-10 Guardian Logistics Solutions

Durham, North Carolina, United States

Guardian Logistics Solutions is an asset-light transportation and logistics services platform offering comprehensive logistics solutions, facilitating the seamless movement of goods from ports/airports to doorsteps within the Carolinas and points beyond. Guardian’s core service offerings include local pickup and delivery, container freight station services, warehousing and freight brokerage. Guardian Logistics Solutions was founded in 2020 and is based in Durham, North Carolina.

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