Harris Williams & Co. Advises Petmate on its Sale to Olympus Partners

May 22, 2017

Harris Williams & Co., a preeminent middle market investment bank focused on the advisory needs of clients worldwide for more than 25 years, announces the sale of Petmate, a portfolio company of Wind Point Partners, to Olympus Partners (Olympus). Petmate is a leading innovator, marketer and manufacturer of a wide range of pet products to a diverse base of retail partners. Harris Williams & Co. served as the exclusive advisor to Petmate and the transaction was led by John Neuner, Ryan Budlong, Zach England and Taylor Marsh of Harris Williams & Co.’s Consumer Group.

“We are extremely happy to have represented Petmate on its sale to Olympus,” said John Neuner, a managing director at Harris Williams & Co. “Petmate is a differentiated, industry leading pet products platform with unmatched diversity and scale. Under the direction of Alice Tillett (CEO) and her team, Petmate has leveraged its market leadership, innovative new product development capabilities and category management solutions to build a foundation for sustained growth both organically and through acquisitions. We are delighted to have paired Alice and her team with a long-term partner in Olympus who shares Petmate’s values and vision for the future.”

“This transaction marks another key milestone in our firm’s extensive track record advising leading companies in the pet sector.  The Petmate transaction marks our fourth successful transaction in the pet sector since 2016,” added Ryan Budlong, a managing director at Harris Williams & Co. “We look forward to many more successful transactions within the vibrant pet sector as strategic and financial buyers look to capitalize on strong secular growth trends within the category.”

Petmate, headquartered in Arlington, Texas, has been a leading manufacturer of pet products for more than 50 years.  The company’s product categories include: hard goods (carriers, feeding and watering, shelters, wire kennels and cat products), toys (dog, cat and other) and soft goods (bedding, collars and leashes).  With over 4,000 active SKUs, Petmate offers a strong value proposition to its diversified customer base through its product design, vertically integrated manufacturing facilities, engineering capabilities, extensive product offerings and full-service merchandising solutions. 

Wind Point Partners is a private equity investment firm that partners with top caliber executives to acquire middle market businesses where it can establish a path to value creation. Since its founding in 1984, Wind Point Partners has raised over $3 billion in commitments and acquired more than 100 platform companies and 250 add-on acquisitions.

Founded in 1988, Olympus manages over $5.5 billion on behalf of corporate pension plans, public retirement systems, university endowment funds and the executives of Olympus’ portfolio companies. Olympus Growth Fund VI, its latest fund, has committed capital of $2.3 billion.

Harris Williams & Co. (www.harriswilliams.com), a member of The PNC Financial Services Group, Inc. (NYSE:PNC), is a preeminent middle market investment bank focused on the advisory needs of clients worldwide.  The firm has deep industry knowledge, global transaction expertise and an unwavering commitment to excellence. Harris Williams & Co. provides sell-side and acquisition advisory, restructuring advisory, board advisory, private placements and capital markets advisory services.

Harris Williams & Co.’s Consumer Group has completed more than 50 transactions in recent years across a variety of verticals, including branded consumer products; consumer services; food, beverage and agribusiness; and restaurant and retail.  For more information on Harris Williams & Co.’s Consumer Group and other recent transactions, visit the Consumer Group’s section of the Harris Williams & Co. website.

Investment banking services are provided by Harris Williams LLC, a registered broker-dealer and member of FINRA and SIPC, and Harris Williams & Co. Ltd, which is a private limited company incorporated under English law with its registered office at 5th Floor, 6 St. Andrew Street, London EC4A 3AE, UK, registered with the Registrar of Companies for England and Wales (registration number 7078852). Harris Williams & Co. Ltd is authorized and regulated by the Financial Conduct Authority. Harris Williams & Co. is a trade name under which Harris Williams LLC and Harris Williams & Co. Ltd conduct business.