M&A Deal Summary

Petmate Acquires Cosmic Pet

On October 25, 2021, Petmate acquired consumer products company Cosmic Pet from Guardian Capital Partners and Centerfield Capital Partners

Acquisition Highlights
  • This is Petmate’s 7th transaction in the Consumer Products sector.
  • This is Petmate’s 7th transaction in the United States.
  • This is Petmate’s 1st transaction in Kansas.

M&A Deal Summary

Date 2021-10-25
Target Cosmic Pet
Sector Consumer Products
Buyer(s) Petmate
Sellers(s) Guardian Capital Partners
Centerfield Capital Partners
Deal Type Add-on Acquisition
Advisor(s) Harris Williams (Financial)
Morgan Lewis (Legal)

Target

Cosmic Pet

Wichita, Kansas, United States
Cosmic Pet is a designer, marketer, and distributor of pet products, including toys, beds, collars and leashes, treats, feeders and bowls, and other accessories. Cosmic Pet is based in Wichita, Kansas.

Search 201,771 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Petmate

Arlington, Texas, United States

Category Company
Founded 1959
Sector Consumer Products
Employees902
DESCRIPTION

Petmate is a supplier of a wide variety of non-food pet products to leading retailers. The Company’s diverse product line includes crates and carriers, outdoor shelters, feeding and watering, and a wide selection of innovative toys. The Company’s portfolio of branded toys and licensed products includes ChuckIt!®, JW Pet®, and Jackson Galaxy® which lead the industry in innovative interactive products. Petmate serves the market 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.


DEAL STATS #
Overall 7 of 7
Sector (Consumer Products) 7 of 7
Type (Add-on Acquisition) 7 of 7
State (Kansas) 1 of 1
Country (United States) 7 of 7
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-19 Pet Qwerks

Irvine, California, United States

Pet Qwerks, Inc. is a designer and developer of innovative high-quality dog chews and interactive toys for dogs and cats. Pet Qwerks was established in 2003 and is based in Irvine, California.

Buy -

Seller(S) 2

SELLER

Guardian Capital Partners

Wayne, Pennsylvania, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 2007
PE ASSETS 200M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Guardian Capital Partners is a smaller private equity firm focused on control investments in family-owned companies and corporate divestitures. Guardian looks for profitable businesses with a 'history of stability' and a 'strong instaleed customer base'. Prospective opportunities are located in the US and typically generate sales of $20 to $150 million. Target sectors include industrial, manufacturing, business services, consumer products, and healthcare/medical devices. Guardian Capital Partners was formed in 2007 and is based in Wayne, Pennsylvania.


DEAL STATS #
Overall 7 of 11
Sector (Consumer Products) 3 of 4
Type (Add-on Acquisition) 4 of 7
State (Kansas) 1 of 1
Country (United States) 7 of 11
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-09 NewAir

Cypress, California, United States

NewAir is a branded consumer products company developing smart design small and medium-size appliances. The Company sells primarily through eCommerce channels to a diversified customer base of leading online retailers. NewAir is based in Cypress, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-10 ENS Group

Burnsville, Minnesota, United States

ENS Group is a premier global designer and manufacturer of mobile and point of sale mounting solutions for a diverse range of industries, including retail, hospitality, and warehouse, among others. The company is a preferred partner to major global technology companies and ENS products are trusted to mount, pair, charge, and protect technology for more than 85 of the top 100 US retail and hospitality companies. ENS Group was founded in 2000 and is based in Burnsville, Minnesota.

Sell -
SELLER

Centerfield Capital Partners

Indianapolis, Indiana, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2001
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Centerfield Capital Partners is a private investment firm that provides subordinated debt and equity capital to mid-market companies. Prospective transactions include acquisition financings, management buyouts, shareholder liquidity needs, recapitalizations, corporate divestitures, ESOP financings, and sponsored/unsponsored transactions. Centerfield generally invests in companies with sales of $15 to $100 million and EBITDA of $3 to $15 million. Target sectors include manufacturing, business services, healthcare services, and transportation/distribution. Centerfield will not invest in early stage businesses, turnaround situations, retail, real estate, and finance companies. Centerfield Capital Partners was founded in 2001 and is based in Indianapolis, Indiana.


DEAL STATS #
Overall 35 of 42
Sector (Consumer Products) 4 of 5
Type (Add-on Acquisition) 18 of 21
State (Kansas) 1 of 1
Country (United States) 35 of 42
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-28 Local Hive Honey

Greeley, Colorado, United States

Local Hive Honey produces 23 varietals of raw and unfiltered honey sourced exclusively from local beekeepers across various states and regions. Local Hive Honey is based in Greeley, Colorado.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-01 DuraMark Technologies

Westfield, Indiana, United States

DuraMark Technologies is a provider of durable safety labels, branding decals, and label kits to many of America’s top OEMs. Specializing in labels used in outdoor and other challenging work environments, DuraMark provides its customers with the industry’s best turnaround times while maintaining exemplary quality standards. DuraMark Technologies was founded in 2007 and is headquartered in Westfield, Indiana.

Buy -