M&A Deal Summary

Roark Capital Group, Golub Capital and Penfund Acquire Pet Supermarket

On May 13, 2015, private equity firm Roark Capital Group, lender Golub Capital and mezzanine finance firm Penfund acquired retailer Pet Supermarket

Acquisition Highlights
  • This is Roark Capital Group’s 3rd, Golub Capital’s 3rd and Penfund’s 4th transaction in the Retail sector.
  • This is Roark Capital Group’s 23rd, Golub Capital’s 39th and Penfund’s 8th transaction in the United States.
  • This is Roark Capital Group’s 4th, Golub Capital’s 3rd and Penfund’s 1st transaction in Florida.

M&A Deal Summary

Date 2015-05-13
Target Pet Supermarket
Sector Retail
Buyer(s) Roark Capital Group
Golub Capital
Penfund
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Houlihan Lokey (Financial)
GreenbergTraurig (Legal)

Target

Pet Supermarket

Sunrise, Florida, United States
Pet Supermarket is a specialty retailer of pet food and pet-related supplies. Pet Supermarket operates 155 stores offering customers a broad assortment of premium and holistic pet food and supplies with friendly and knowledgeable service. Pet Supermarket was founded in 1973 and is based in Sunrise, Florida.

Search 201,157 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) 3

Buyer

Roark Capital Group

Atlanta, Georgia, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2001
PE ASSETS 33.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Roark Capital Group is a private equity firm that focuses on middle-market investment opportunities. The Firm targets family-owned business transfers, management/corporate buyouts, recapitalizations, going-private transactions, and corporate divestitures. Roark Capital Group pursues companies with revenues between $20 million and $5 billion, and EBITDA of $10 to $500 million. Roark Capital primarily invests in consumer and business services companies, with a particular interest in the franchise, food and restaurant, specialty retail, direct marketing and financial services sectors. Roark Capital Group was formed in 2001 and is headquartered in Atlanta, Georgia.


DEAL STATS #
Overall 25 of 44
Sector (Retail) 3 of 3
Type (Buyout (LBO, MBO, MBI)) 9 of 12
State (Florida) 4 of 5
Country (United States) 23 of 42
Year (2015) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-06 Wingstop

Dallas, Texas, United States

Wingstop is a chicken wing restaurant chain. Wingstop was founded in 1994 and is based in Dallas, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-09 Naf Naf

Chicago, Illinois, United States

Naf Naf Grill is an emerging, on-trend fast casual brand serving high quality, authentic Middle Eastern cuisine in an Americanized format.

Buy -
Buyer

Golub Capital

New York, New York, United States

Investor Investor Investor Investor Investor


Category Lender
Founded 1994
PE ASSETS 55.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Golub Capital is a private investment firm focused on making debt and equity investments in US based middle-market companies. Golub looks to invest between $5 and $75 million in businesses with established operating cash flow, strong customer relationships, and 'sustainable proprietary positions in their markets'. Prospective investment structures include refinancings, recapitalizations, buyouts, and growth financings. Sectors of interest include consumer products, business and consumer services, defense, manufacturing, value-added distribution, media, healthcare services and restaurants. Golub Capital was formed in 1994 and maintains offices in New York City, Atlanta, and Chicago.


DEAL STATS #
Overall 39 of 68
Sector (Retail) 3 of 7
Type (Buyout (LBO, MBO, MBI)) 13 of 16
State (Florida) 3 of 7
Country (United States) 39 of 66
Year (2015) 7 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-01 SloanLED

San Angelo, Texas, United States

SloanLED is a designer and manufacturer of LED lighting systems for use in sign, spa, and optoelectronic applications. SloanLED was founded in 1957 and is based in San Angelo, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-16 Outcomes

Orlando, Florida, United States

Outcomes is a developer and supplier of pharmacy management software solutions to the independent, hospital, long-term care, and specialty pharmacy markets across the United States, Mexico, and the Caribbean. Outcomes offers software solutions to enable insurance claims processing, e-prescription connectivity, pharmacy workflow management, and other critical functions for its pharmacist customers. Outcomes was formed in 1977 and is based in Orlando, Florida.

Buy -
Buyer

Penfund

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1979
PE ASSETS 2.7B CAD
Size Large
Type Sector Agnostic
DESCRIPTION

Penfund is a private investment firm that provides equity, junior capital, and alternative financing to Canadian-based middle-market companies with EBITDA of at least C$20 million. Penfund can commit up to C$225 million per transaction. Penfund does not have any industry preferences and its investments are generally used to support growth needs, recapitalization, shareholder liquidity, acquisitions, and buyouts. Penfund was formed in 1979 and is based in Toronto.


DEAL STATS #
Overall 19 of 28
Sector (Retail) 4 of 4
Type (Buyout (LBO, MBO, MBI)) 8 of 8
State (Florida) 1 of 2
Country (United States) 8 of 14
Year (2015) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-23 PSA HealthCare

Norcross, Georgia, United States

PSA HealthCare is a provider of critically important home care services for medically fragile children. Recognized as an industry leader in quality that it developed over the Company’s 25 year history, PSA provides care to more than 2,500 patients across 17 states through over 65 offices. In addition to its core home-based pediatric private duty nursing platform, PSA provides a broad range of healthcare services, including home-based adult private duty nursing, home-based pediatric skilled nursing visits and therapies, outsourced school health programs, pediatric day treatment centers for medically fragile children and intellectual and developmental home care.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-01 Arrowhead Engineered Products

Blaine, Minnesota, United States

Arrowhead Engineered Products is a specialty supplier and distributor of aftermarket replacement parts for a wide variety of equipment types across the outdoor power equipment, Powersports, agricultural, industrial and automotive industries. Arrowhead Engineered Products was founded in 1986 and is based in Blaine, Minnesota.

Buy -