 | |
 | |
| Company type | Public |
|---|---|
| TSX: PET | |
| Industry | Pet retail |
| Founded | 1976 |
| Headquarters | Markham, Ontario , Canada |
Key people | Richard Maltsbarger (CEO) |
| Products | Pet food, accessories |
| Revenue | $648 million (2020) |
| Website | petvalu |
Pet Valu Holdings Ltd. is a Canadian pet food and accessory retailer founded in 1976. [1]
Contents
The company's first initial public offering occurred in 2009 when Roark Capital Group took over the company for an estimated $144 million. [1]
Its stores, franchises and subsidiaries generated $574 million in 2019 and $648 million in 2020. [1]
Richard Maltsbarger became its CEO in 2018. At the time, Roark Capital owned all of the company. However, when it completed its $316-million initial public offering on the Toronto Stock Exchange, Roark Capital sold some of its shares but retained sixty-two per cent. [2]
RBC, Barclays Capital Canada, and CIBC World Markets underwrote the IPO. [1]
As of 2024, Roark’s beneficial ownership is 39.2%. [3]
In November 2020, the company announced that it would close all its stores located in the United States. [4] [5] [6]
At the end of 2021, the organization had 633 corporate and owned stores and franchises in Canada. [2]
In 2022, Pet Valu acquired Quebec chain Chico's 66 stores. [2]
According to Maltsbarger, the company owns 225 out of its 744 stores, while the remaining stores are franchised to local owner-operators. [7]