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New York-based private equity firm Sentinel Capital Partners has acquired 448-unit pet retail franchise <a href="https://www.petsuppliesplus.com/Franchise/Overview?utm_source=1851franchise.com&utm_medium=article&utm_campaign=sentinel-capital-partners-acquires-pet-supplies-plus-2708735" target="_blank" rel="nofollow" style="text-decoration-line:none" target="_blank">Pet Supplies Plus</a>, according to <a href="https://www.prnewswire.com/news-releases/sentinel-capital-partners-acquires-pet-supplies-plus-300764555.html?utm_source=1851franchise.com&utm_medium=article&utm_campaign=sentinel-capital-partners-acquires-pet-supplies-plus-2708735" target="_blank" rel="nofollow" style="text-decoration-line:none" target="_blank">a recent news release</a>. Terms of the deal were not disclosed.

Headquartered in Livonia, Michigan, Pet Supplies Plus is a retail franchise that sells pet products and has been in business for over 25 years. The brand&rsquo;s stores offer food, toys and grooming products for household animals of all kinds.

<a href="https://www.crainsdetroit.com/mergers-acquisitions/nyc-equity-firm-acquires-livonia-based-pet-supplies-plus?utm_source=1851franchise.com&utm_medium=article&utm_campaign=sentinel-capital-partners-acquires-pet-supplies-plus-2708735" target="_blank" rel="nofollow" style="text-decoration-line:none" target="_blank">A Crain&rsquo;s Detroit Business article</a> about the acquisition notes that while most brick-and-mortar stores have experienced a decline nationwide, spending in the pet products and services industry has not, citing the American Pet Products Association statistic that overall revenue in the pet industry grew by $3 billion from last year to $69.5 billion.

&quot;Pet Supplies Plus is the number one pet franchise system in the U.S. with an expanding footprint and a large white-space opportunity,&quot; said Marc Buan, a principal at Sentinel Capital Partners. &quot;The pet industry is very attractive due to its stability, growth, and passionate consumer base. ... We are excited to partner with PSP during the next phase of its growth.&quot;

Read the full release <a href="https://www.prnewswire.com/news-releases/sentinel-capital-partners-acquires-pet-supplies-plus-300764555.html?utm_source=1851franchise.com&utm_medium=article&utm_campaign=sentinel-capital-partners-acquires-pet-supplies-plus-2708735" target="_blank" rel="nofollow" style="text-decoration-line:none" target="_blank">here</a>.

Pet Supplies Plus, pet store franchise, retail franchise, Sentinel Capital Partners

Sentinel Capital Partners Acquires Pet Supplies Plus

1851 Franchise

The New York-based private equity firm has a history of purchasing franchise brands.

sentinel-capital-partners-acquires-pet-supplies-plus

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