In January 2016, funds advised by CVC completed an equity investment in Petco, a leading specialty retailer of pet food and supplies in North America.
Founded in 1965, Petco operates over 1,400 stores across all 50 states, Puerto Rico and Mexico, as well as one of the largest specialty e-commerce platforms in the pet industry. Petco offers a differentiated platform characterized by exclusive, premium and natural pet foods, supplies with significant private label penetration, and services that drive customer loyalty.
Petco holds a defensible, leading position in the attractive and growing pet specialty sector, which has historically outpaced overall market growth and should continue to benefit from the ongoing “pet humanization” trend. The company has generated strong financial performance over time and is led by an experienced management team that has a proven track record of value creation.
We’re proud to partner with CVC Capital Partners to further drive our strategic goal of being the trusted partner of choice for pet parents. Pairing Petco’s strong brand, differentiated engagement model, and omnichannel strategy with CVC’s deep retail expertise and resources is a winning combination, and we’re thrilled to have their support as we continue to grow and win in the marketplace