M&A Deal Summary

Hollywood Feed Acquires PetPeople

On February 28, 2022, Hollywood Feed acquired retailer PetPeople from TA Associates

Acquisition Highlights
  • This is Hollywood Feed’s 1st transaction in the Retail sector.
  • This is Hollywood Feed’s 1st transaction in the United States.
  • This is Hollywood Feed’s 1st transaction in Ohio.

M&A Deal Summary
Date 2022-02-28
Target PetPeople
Sector Retail
Buyer(s) Hollywood Feed
Sellers(s) TA Associates
Deal Type Add-on Acquisition

Target

PetPeople

Columbus, Ohio, United States
PetPeople is a retailer of natural and high-quality pet food and supplies, operating 42 stores throughout Ohio, Indiana, Michigan, Illinois and North Carolina. PetPeople stores carry the finest natural pet foods on the market and are committed to providing outstanding customer service and building long-term relationships with their customers. PetPeople associates are pet enthusiasts who engage and educate customers by sharing ideas and providing solutions. PetPeople was founded in 1997 and is based in Columbus, Ohio.

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Buyer(S) 1

Buyer

Hollywood Feed

Memphis, Tennessee, United States
Category Company
Sector Retail
DESCRIPTION

Hollywood Feed is a national retailer of pet food and supplies with a focus on holistic and healthy options for animals. The Company is headquartered in Memphis, Tennessee.

DEAL STATS #
Overall 1 of 1
Sector (Retail) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Ohio) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1

Seller(S) 1

SELLER

TA Associates

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1968
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TA Associates is a private equity firm that targets investments in middle-market and large companies around the world. TA will consider control or minority investments in profitable companies and looks to commit between $70 and $500 million per transaction. TA proactively reaches out to companies directly in sourcing potential investment opportunities. Prospective businesses are generally valued between $100 million and $3 billion. Areas of interest include technology, software, communications, financial services, healthcare, business services, semiconductors/electronics, and consumer products/services. In addition to investing equity capital, TA also makes subordinated debt investments. TA's geographic preference is North America, Asia/Pacific, and Europe. TA Associates was formed in 1968 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 249 of 255
Sector (Retail) 6 of 6
Type (Add-on Acquisition) 129 of 130
State (Ohio) 5 of 5
Country (United States) 204 of 206
Year (2022) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-24 PrimeRx

Syosset, New York, United States

PrimeRx is a provider of pharmacy management software. The Company’s software and services enable pharmacists to manage all clinical and operational aspects of their business including prescription management, point-of-sale, signature capture and document and inventory management. PrimeRx is based in Syosset, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-14 Stonewall Kitchen

York, Maine, United States

Stonewall Kitchen is a specialty food and home goods producer selling jams and jellies at local farmers' markets with a flavorful line of distinctive and high-quality products. Stonewall expanded the brand to include sauces, condiments, crackers, and baking mixes, always focusing on innovative product development, beautiful packaging, and exceptional guest service. Stonewall Kitchen was founded in 1991 and is based in York, Maine.

Buy -
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