M&A Deal Summary

Chewy Acquires SmartEquine

On October 30, 2025, Chewy acquired retailer SmartEquine from Covetrus

Acquisition Highlights
  • This is Chewy’s 1st transaction in the Retail sector.
  • This is Chewy’s 2nd transaction in the United States.
  • This is Chewy’s 1st transaction in Massachusetts.

M&A Deal Summary

Date 2025-10-30
Target SmartEquine
Sector Retail
Buyer(s) Chewy
Sellers(s) Covetrus
Deal Type Divestiture

Target

SmartEquine

Plymouth, Massachusetts, United States
SmartEquine is a provider of equine supplements and horse supplies. SmartEquine was founded in 1999 and is based in Plymouth, Massachusetts.

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Buyer(S) 1

Buyer

Chewy

Plantation, Florida, United States

Category Company
Founded 2010
Sector E-Commerce
Employees18,000
Revenue 11.9B USD (2025)
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 Plantation, Florida.


DEAL STATS #
Overall 2 of 2
Sector: Retail M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Massachusetts M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-30 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.

Buy $43M

Seller(S) 1

SELLER

Covetrus

Portland, Maine, United States

Category Company
Founded 2010
Sector Consumer Services
Employees5,275
Revenue 4.3B USD (2020)
DESCRIPTION

Covetrus is a provider of technology-enabled healthcare services for companion and equine veterinary practitioners. The company partners with veterinarians to create insight into gaps in patient care and offer professionalized pro-active prescription management to drive client engagement and improve compliance. Covetrus was formed in 2010 and is based in Portland, Maine.


DEAL STATS #
Overall 2 of 2
Sector: Retail M&A 1 of 1
Type: Divestiture M&A Deals 2 of 2
State: Massachusetts M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-30 VCP

Irvine, California, United States

VCP is an operator of a platform in veterinary wellness plan administration, serving approximately 1,000 veterinary practices with more than 350,000 pets currently benefiting from wellness plans. VCP is based in Irvine, California.

Buy -