Pet Supplies Plus to be acquired by Franchise Group

Franchise Group has announced plans to acquire Pet Supplies Plus for 700 mio dollars. The group is buying the retail chain from affiliates of Sentinel Capital Partners in an all-cash transaction. The deal is expected to close in March.
"We look forward to welcoming Pet Supplies Plus, its management team, employees, franchisees and neighbours to Franchise Group when this transaction closes," said Brian Kahn, president and CEO of Franchise Group. Franchise Group's other business lines include Liberty Tax Service, Buddy's Home Furnishings, American Freight and The Vitamin Shoppe.