M&A Deal Summary

Chewy Acquires Petabyte

On November 30, 2022, Chewy acquired internet software and services company Petabyte from Halle Capital Management for 43M USD

Acquisition Highlights
  • This is Chewy’s 1st transaction in the Internet Software and Services sector.
  • This is Chewy’s largest (disclosed) transaction.
  • This is Chewy’s 1st transaction in the United States.
  • This is Chewy’s 1st transaction in Washington.

M&A Deal Summary
Date 2022-11-30
Target Petabyte
Sector Internet Software and Services
Buyer(s) Chewy
Sellers(s) Halle Capital Management
Deal Type Add-on Acquisition
Deal Value 43M USD
Advisor(s) Stradley Ronon (Legal)

Target

Petabyte

Bellevue, Washington, United States
Petabyte is a practice management software for veterinary practices. As an enterprise-grade and cloud-based platform centered around robust data capabilities, Petabyte enables seamless practice operations as well as client engagement. Petabyte is based in Bellevue, Washington.

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Buyer(S) 1

Buyer

Chewy

Dania Beach, Florida, United States
Category Company
Founded 2010
Sector E-Commerce
Employees21,300
Revenue 11.1B USD (2024)
DESCRIPTION

Chewy is an online retailer of pet food and products in the United States. The company delivers on that promise with its dedication to 24/7 customer service, creation of cutting-edge software and technology to enhance the user experience, and commitment to sourcing high-quality products. Chewy was founded in 2010 and is based in Dania Beach, Florida.

DEAL STATS #
Overall 1 of 1
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Washington) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Halle Capital Management

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 2019
Size Small
Type Sector Agnostic
DESCRIPTION

Halle Capital Management is a private equity firm focused on partnering with and providing growth capital to lower middle-market healthcare, business services, and consumer services companies. The Firm looks for businesses operating in industries benefiting from favorable trends where additional capital can be used to accelerate growth. Halle Capital Management was established in 2019 and is based in New York City.

DEAL STATS #
Overall 1 of 1
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Washington) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-07 True Environmental

New York, New York, United States

True Environmental is a platform focused on acquiring and growing businesses in the environmental services industry, focused on consulting, water/wastewater, testing/analytics, and value-add remediation services. True Environmental was founded in 2022 and is based in New York City.

Buy -
Mergr

Product

Company

Legal