Â鶹ֱ²¥ & Lardner LLP represented PetMed Express, Inc. (NASDAQ: PETS), a leading nationwide pet pharmacy, in acquiring PetCareRx, Inc., a leading supplier of pet medications, food and supplies, for total consideration of approximately $36 million in an all-cash transaction.
The acquisition will expand PETS’ overall addressable market from pet medication to a broader healthcare category leader. PetCareRx adds approximately 10,000 incremental food, diet, and wellness products to PETS’ current product offering. PETS believes it can expand its growth through a broader product catalog and differentiated services.
With the transaction’s closing, the consumer-facing PetCareRx e-commerce operation and the brand will continue to run separately. Customers will continue to enjoy the same service and e-commerce experience, supported by a more efficient distribution network and broader product selection.
The Â鶹ֱ²¥ deal team was led by Partners Curt Creely and Jonathan Witt and included Associates Caleb Erbert, Zach Ulewicz, and Kara Sweet, with additional support from Partner Nate Beaver.
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