Pet Supplies Plus Acquires Largest Franchisee

January 13, 2012 by Cris | 0 Comments

MarketWatch:

Pet Supplies Plus (“PSP”) announced today that it has completed the acquisition of its largest franchisee, consisting of twelve stores in Northeast Pennsylvania. PSP, a portfolio company of Irving Place Capital, is the third-largest pet specialty retailer in the United States.

PSP’s Northeast Pennsylvania franchisee opened its first store in Wilkes-Barre in 1995. Over the past sixteen years, the group has expanded to twelve successful stores in the region.

Dave Bolen, CEO of Pet Supplies Plus, said, “Our Northeast Pennsylvania franchisee is not only the largest in our system, but is also one of the best-managed franchise operations. We are looking forward to building on the success of these stores as we expand our footprint in the region. Most importantly, we will work toward maintaining the high levels of service, differentiated product offering and competitive pricing that make Pet Supplies Plus everyone’s favorite neighborhood pet store.”

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