M&A Deal Summary

Tractor Supply Acquires Allivet

On October 24, 2024, Tractor Supply acquired e-commerce company Allivet from Peninsula Capital Partners

Acquisition Highlights
  • This is Tractor Supply’s 1st transaction in the E-Commerce sector.
  • This is Tractor Supply’s 4th transaction in the United States.
  • This is Tractor Supply’s 1st transaction in Florida.

M&A Deal Summary
Date 2024-10-24
Target Allivet
Sector E-Commerce
Buyer(s) Tractor Supply
Sellers(s) Peninsula Capital Partners
Deal Type Add-on Acquisition
Advisor(s) D.A. Davidson & Co. (Financial)
Foley & Lardner (Legal)

Target

Allivet

Miami Lakes, Florida, United States
Allivet is an online retailer of pet pharma (prescription and non-prescription) and other health products, processing tens of thousands of orders annually in all 50 states and internationally. Allivet was established in 1992 and is based in Miami Lakes, Florida.

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Buyer(S) 1

Buyer

Tractor Supply

Brentwood, Tennessee, United States
Category Company
Founded 1938
Sector Retail
Employees50,000
Revenue 14.6B USD (2023)
DESCRIPTION
Entrance to Tractor Supply's corporate headquarters in Brentwood, Tennessee.
Entrance to Tractor Supply's corporate headquarters in Brentwood, Tennessee.

Tractor Supply is a national retailer of home improvement, agriculture, lawn and garden maintenance, and other goods and services. Tractor Supply was founded in 1938 and is based in Brentwood, Tennessee.

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 (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-29 Petsense

Scottsdale, Arizona, United States

Petsense, Inc. is a specialty pet supply retailer with 50 stores located in 16 states across the United States. Petsense, Inc. was established in 2005 and is headquartered in Scottsdale, Arizona.

Buy $116M

Seller(S) 1

SELLER

Peninsula Capital Partners

Southfield, Michigan, United States

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 1995
PE ASSETS 1.9B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Peninsula Capital Partners is an investment group focused on providing a range of financing solutions to middle-market companies. The Firm is willing to be a minority or control investor and invests across the capital structure. This includes subordinated debt, preferred or common stock. For mezzanine commitments, Peninsula looks to invest $5 to $40 million. For equity transactions, Peninsula looks to invest $2 to $20 million. Peninsula is a generalist investor. Target sectors include manufacturing, industrial service, distribution, consumer products, professional services, retail, applied technology, transportation, food processing and packaging. Peninsula Capital Partners was formed in 1995 and is based in Detroit, Michigan.

DEAL STATS #
Overall 47 of 47
Sector (E-Commerce) 1 of 1
Type (Add-on Acquisition) 23 of 23
State (Florida) 2 of 2
Country (United States) 44 of 44
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-08 VeraLab

Milan, Italy

VeraLab was launched as a skin and bodycare range and expanded in color with Overskin. VeraLab was founded in 2016 and is based in Milan, Italy.

Buy -
Mergr

Product

Company

Legal