M&A Deal Summary

PetSmart Acquires Chewy

On April 18, 2017, PetSmart acquired e-commerce company Chewy for 3.4B USD

Acquisition Highlights
  • This is PetSmart’s 1st transaction in the E-Commerce sector.
  • This is PetSmart’s largest (disclosed) transaction.
  • This is PetSmart’s 4th transaction in the United States.
  • This is PetSmart’s 1st transaction in Florida.
Investment Fate
  • Chewy was sold to a strategic buyer in 2019.

M&A Deal Summary
Date 2017-04-18
Target Chewy
Sector E-Commerce
Buyer(s) PetSmart
Deal Type Add-on Acquisition
Deal Value 3.4B USD
Advisor(s) Allen & Company (Financial)
Weil Gotshal & Manges (Legal)

Target

Chewy

Dania Beach, Florida, United States
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.

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Buyer(S) 1

Buyer

PetSmart

Phoenix, Arizona, United States
Category Company
Founded 1986
Sector Retail
Employees55,000
Revenue 6.9B USD (2014)
DESCRIPTION
Entrance to PetSmart's corporate headquarters in Phoenix, Arizona.
Entrance to PetSmart's corporate headquarters in Phoenix, Arizona.

PetSmart is a specialty retailer and provider of pet products and services in North America. The Company also offers a selection of services, including professional grooming and boarding, as well as training and day camp for dogs. PetSmart was formed in 1986 and is based in Phoenix, Arizona.

DEAL STATS #
Overall 4 of 4
Sector (E-Commerce) 1 of 1
Type (Add-on Acquisition) 4 of 4
State (Florida) 1 of 1
Country (United States) 4 of 4
Year (2017) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-19 DCL Ventures

New York, New York, United States

DCL Ventures, Inc. (AllPaws) is an online and mobile platforms that matches those looking to adopt a pet with pets ideally suited for their home, family and lifestyle.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-14 Chewy

Dania Beach, Florida, United States

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.

Sell -
Mergr

Product

Company

Legal