Worldwise acquired

The private equity investment fund Alvarez & Marsal Capital Partners (AMCP) has acquired the American pet supplies specialist Worldwise. Headquartered in Novato, California, Worldwise is rated as one of the leading platforms in the pet supplies market. Worldwise holds the number 1 position in both the core cat and pet travel categories, with a meaningful position in dog toys, according to AMCP. 
Current Worldwise chief executive officer Kevin Fick will continue to lead the company following the acquisition. With AMCP's support, Worldwise will remain focused on developing new, innovative products, expanding its e-commerce capabilities and further leveraging its leading brand positions to scale the business and enter new markets and product categories. The company will also pursue additional acquisition opportunities to grow its platform, reach and product offerings, with a specific focus on toys, chews, cat, travel and other key categories, AMCP has announced.