Irving-based Animal Supply Company, a leader in pet food and supplies distribution, announced Feb. 26 that Summit Partners and certain funds managed by Goldman Sachs Asset Management, L.P. have acquired a majority stake in the company.
In addition, Goldman Sachs and Summit have provided significant operating and growth capital investment to support the execution of ASC’s strategic plan, the company said.
“We are so appreciative of our independent pet retailers, vendors and employees for partnering with us on this journey, especially during this process,” said Don McIntyre, Chief Executive Officer of Animal Supply Company.
Randy Reber, current chairman of the board and one of the original founders of ASC, has joined the new board of managers moving forward.
“I’m very excited for the future of Animal Supply Company and the opportunity to continue to work with Don and an outstanding management team,” Reber said in the announcement.
Reber, along with certain other former owners of the company, will remain minority shareholders.
Animal Supply Company serves retailers throughout the United States and the Caribbean. It operates 21 facilities, of which 10 offer eFulfillment, and employs approximately 1,200 people. The company has 7,000 plus independent retail customers who operate more than 15,000 retail outlets distributing pet food and supplies, the company said.
¬– FWBP Staff