dog Dogs Lifestyle News Popular

Pet Company Secures The Largest Buyout In E-Commerce History

Matt Formica
Matt Formica

Apr 25, 2017

petsmart buys

In case you were on vacation last week and/or not reading the news, the largest e-commerce buyout in history to date was announced...

And drum roll please ... It's for a pet company!

According to various sources, under-the-radar startup will be purchased by retail behemoth PetSmart to the tune of 3.35 billion, just five years after the company was founded.

Accelerated growth plan much???  That might even be an understatement...

And it wasn't much more than two years ago that PetSmart was bought by investors at BC Partners for 8.7 billion, making it safe to say that A) the team over at PetSmart hasn't been sleeping that much in recent years and B) people, especially savvy business folk, believe in the great opportunity and promise within today's pet industry...

Meanwhile, Florida based has also been taking care of business, quietly dominating the internet retail space for pet food and products since their entrance into the market 5 years ago.  The company raised almost a quarter billion dollars and registered about 900 million in revenue last year. 

They certainly haven't bit off more than they can chew.  In fact, it sounds like they're still pretty hungry...

For more pet news, stay connected with us @SportLeash on:

SportLeash Facebook IconSportLeash Instagram IconSportLeash Twitter IconSportLeash Pinterest Icon










Popular Posts

dog Dogs Lifestyle Popular

Dry Food versus Wet Food: The Debate

dog Dogs Lifestyle Popular sportleash Sports

SportLeash: At the Intersection of Quality, Function, and Style

100% Moneyback Guarantee & FREE 3 Day Shipping on all USA Orders!