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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...

Sentinel Capital Partners Sells Pet Supplies Plus Leading Independent Pet Franchisor Experiences Significant Growth News provided by Share this article Share this article NEW YORK, Jan. 25, 2021 /PRNewswire/ -- Sentinel Capital Partners, a private equity firm that invests in promising lower midmarket companies, today announced plans to sell Pet Supplies Plus ("PSP"), the third largest pet specialty chain in the U.S., to Franchise Group, Inc. The deal is valued at $700 million. Founded in 1988 and headquartered in Livonia, Michigan, PSP is the leading franchisor and operator of pet-specialty...

Senior Editor Private equity firm Sentinel Capital Partners plans to sell Pet Supplies Plus, the third largest pet specialty chain in the U.S., to Franchise Group, Inc. in an all cash transaction valued at approximately $700 million. Founded in 1988 and headquartered in Livonia, MI, Pet Supplies Plus (PSP) is a franchisor and operator of pet-specialty stores that provide a customer-centric shopping experience in smaller stores that have a neighborhood feel. PSP blends the advantages of national scale with those of a friendly, local neighborhood pet store. Stores have a streamline...