Pet Services

People love their pets, and the business landscape reflects that.

• The pet services industry - encompassing boarding, grooming, daycare, pet sitting, and training

• It has been growing at a 6% annual rate over the past decade

• Expected to expand by $700M in the next five years, reaching $11.6 billion.

• This growth is propelled by increasing pet ownership and a trend towards treating pets more like family members, leading to a nearly 70% rise in annual pet spending since 2013.

• We're particularly interested in acquiring businesses that have a proven annual revenue exceeding $1M and have locations in the Midwest or Southeast U.S.

• These businesses should offer boarding, daycare, and grooming services and have EBITDA margins between 20-30%.

By the numbers:

This represents a significant opportunity in a highly fragmented market where no single entity holds more than a 5% share. The industry, which consists of over 150,000 boarding and daycare locations across the U.S., lacks standardization in terms of product offerings, pricing, technology, labor, and service levels. Among these, approximately 8,000 independent, multi-service establishments could be potential acquisitions. The aim is to consolidate the mid to upper tier of these boarding, daycare, and grooming facilities, bringing standardization and scale to this diverse and growing sector.