Tuesday, September 21, 2021
86.2 F
Fort Worth

Animal Supply Company acquired

🕐 1 min read

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.

www.animalsupply.com

¬– FWBP Staff

Related Articles

Our Digital Sponsors

Latest Articles

Not ready to subscribe?

Try a few articles on us.

Enter your email address and we will give you access to three articles a month, to give us a try. You also get an opportunity to receive our newsletter with stories of the day.

Get our email updates

Stay up-to-date with the issues, companies and people that matter most to business in the Fort Worth.

  • Restaurants
  • Technology
  • and more!

FWBP Morning Brief

FWBP 5@5

Weekend Newsletter

  • Banking & Finance
  • Culture
  • Real Estate