M&A Deal Summary

Gamut Capital Management Acquires Petmate

On March 20, 2024, private equity firm Gamut Capital Management acquired consumer products company Petmate from Platinum Equity

Acquisition Highlights
  • This is Gamut Capital Management’s 2nd transaction in the Consumer Products sector.
  • This is Gamut Capital Management’s 7th transaction in the United States.
  • This is Gamut Capital Management’s 1st transaction in Texas.

M&A Deal Summary

Date 2024-03-20
Target Petmate
Sector Consumer Products
Buyer(s) Gamut Capital Management
Sellers(s) Platinum Equity
Deal Type Secondary Buyout
Advisor(s) FTI Capital Advisors
PJT Partners (Financial)
Milbank (Legal)

Target

Petmate

Arlington, Texas, United States
Petmate is a supplier of a wide variety of non-food pet products to retailers. The Company’s diverse product line includes crates and carriers, outdoor shelters, feeding and watering, and a wide selection of innovative toys. Petmate reaches customers through a multi-channel approach which includes big box pet retailers, mass merchandisers, major e-commerce retailers, farm and ag stores, and specialty pet stores. Petmate was founded in 1959 and is based in Arlington, Texas.

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Buyer(S) 1

Buyer

Gamut Capital Management


Category Private Equity Firm
Founded 2015
PE ASSETS 3.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Gamut Capital Management is a private equity group focused on investing $50 to $150 million in middle market US-based companies. Target sectors include agriculture, chemicals, telecom, industrials, mining, power, distribution, technology, energy and transportation. Gamut’s flexible investment strategy incorporates leveraged buy-outs, corporate carve-outs, strategic partnerships, and distressed-for-control situations. Gamut Capital Management was formed in 2015 and is based in New York, New York.


DEAL STATS #
Overall 8 of 10
Sector: Consumer Products M&A 2 of 2
Type: Secondary Buyout M&A Deals 6 of 6
State: Texas M&A 1 of 1
Country: United States M&A 7 of 9
Year: 2024 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-07 XR Extreme Reach

New York, New York, United States

XR Extreme Reach is a provider of integrated cross-media video advertising and talent solutions that span TV, Web, Mobile, and all other video media. XR Extreme Reach was founded in 2008 and is based in New York, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-23 DEX Imaging

Tampa, Florida, United States

DEX Imaging is an independent dealer of Kyocera, Konica Minolta, and Canon document imaging equipment. The company sells and services printers, copiers, fax units, and digital data management software. DEX Imaging was founded in 2002 and is based in Tampa, Florida.

Buy -

Seller(S) 1

SELLER

Platinum Equity

Beverly Hills, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 50.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Platinum Equity's headquarters in Beverly Hills, California.
Platinum Equity's headquarters in Beverly Hills, California.

Platinum Equity is a private equity firm focused on acquiring divestitures of larger public companies primarily in North America and Europe. Historically, Platinum targeted technology/software related businesses, however, the firm has since branched out beyond tech and will consider acquisitions in a broad range of industries including chemicals, communications, logistics, healthcare, automotive, industrial products, and business services. Platinum Equity was formed in 1995 by Tom Gores and is based in Beverly Hills, California.


DEAL STATS #
Overall 81 of 86
Sector: Consumer Products M&A 2 of 2
Type: Secondary Buyout M&A Deals 21 of 22
State: Texas M&A 4 of 4
Country: United States M&A 67 of 71
Year: 2024 M&A 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-04 Yak Access

Columbia, Mississippi, United States

Yak Access provides temporary roadway solutions to remote construction sites, primarily serving the oil and gas pipeline and powerline sectors in the United States. The company comprises three related businesses – Yak Mat, New South Access and Environmental Solutions, and BluRoc – offering a full suite of solutions, including hardwood mats, temporary and permanent access roads, site evaluation, design and installation of access plans, and mat removal. Yak Access was founded in 2016 and is based in Columbia, Maryland.

Sell $1.1B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-22 TAK Communications

Sioux Falls, South Dakota, United States

TAK Communications is a telecommunications and broadband service provider that offers full value chain communications services and solutions to its customers across the US, from project management, engineering, and construction to drops, fulfillment, and door-to-door sales. TAK Communications is based in Sioux Falls, South Dakota.

Buy -