Tue, 09 Apr 2013 | MERGER
Pet retail chain Pets at Home has purchased Vets4Pets - a chain of 93 veterinary service providers - in a deal estimated to be worth between £30 million and £50 million.
North west-based Pets at Home plans to merge Vets4Pets’ standalone practices with its own vet brand Companion Care, which has 116 branches within Pets at Home stores. In addition Pets runs 86 in-store grooming salons under a brand called The Groom Room.
It is not clear yet whether the Pets4Vets brand will be retained or absorbed into the Companion Care brand.
Together the businesses’ pro-forma sales to the year ending 31 March will reach £100 million.
The combined 210 veterinary practices represent a small portion of the total 2,500 practices for small animals in the UK.
The deal will help reach Pets at Homes’ goal of increasing its range of services for pets and their owners in the stores, and encouraging consumers away from online shopping.
Nick Wood, the chief executive at Pets at Home said, “Part of developing a retail proposition going forward is it has to be more than product.
“In our world, services are vet services and grooming salons. If you add both of those together, it gives extra reasons as to why our customers should go to stores in the long term.”
____________________________________________________________________________
Related articles:
Bridgepoint considering sale of Pets at Home business
Now is the time to buy a business
This well-established company, known for its exceptional services and high client retention, is now available for sale to stimulate further growth under new ownership.
This exceptional dental laboratory has been serving the community for over three decades, offering a comprehensive range of restorative and cosmetic products alongside general and emergency dental treatments at its on-site clinic. With advanced digit...
LEASEHOLD
The company works as an extension of its clients’ teams to streamline their IT infrastructure, minimise system downtime, and futureproof their technology to support ongoing development.
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.