Livonia-based Pet Supplies Plus has a new owner after $700 million sale
A local company billed as one of the nation s largest pet supplies stores has a new owner, just a few years after it purchased the business.
Livonia-based Pet Supplies Plus will be sold to Virginia Beach-based Franchise Group, Inc., according to a news release shared online Monday. The sale of the pet supplies company, which is headquartered at 17197 N. Laurel Park Dr. in Livonia near Interstate 275, will be finalized later this spring. The deal is valued at about $700 million.
Sentinel Capital Partners, based in New York City, bought the Livonia-based pet supplies company in late 2018 for an undisclosed price. The company specializes in purchasing and building up small to mid-range sized companies.
Raymond L. McCue, MD, MBA, is the new chief medical officer for Bon Secours DePaul Medical Center. He will work with leadership and medical staff to ensure quality of patient care and safety.
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