Capstone Partners advised Barking Hound Village, a leading multi-location provider of dog daycare, boarding and grooming services, on its combination with Puppy Haven Pet Resort to form Pack Pet Care. The terms of the transaction were not disclosed.
Barking Hound Village is based in Atlanta, GA and provides traditional daycare, boarding and grooming services for pet owners. The company operates seven award-winning locations in Atlanta as well as three affiliated locations in the Dallas-Fort Worth area. For more information, please visit Barking Hound Village here.
From our very first meeting, the Capstone team understood Barking Hound Village, what made the business special, and what mattered most to us in finding the right partner. Their knowledge and relationships across the pet and pet services sector were incredibly valuable, but what impressed us just as much was their judgment, responsiveness and ability to get things done. They were with us every step of the way, knew when to push and when to listen, and never lost sight of what was most important to us. That combination of industry expertise and deal execution was a major reason we were able to achieve an outcome we are extremely proud of.
Puppy Haven Pet Resort is also based in Atlanta, GA and operates seven locations in the metro Atlanta area.
Together, the teams behind Puppy Haven and Barking Hound Village have formed Pack Pet Care, a family of local dog daycare and lodging businesses focused on partnering with additional owners across the Southeast who are ready to transition ownership and begin their next chapter. Pack Pet Care provides a flexible path built around whether owners wants to remain involved, step back gradually or fully transition out, while protecting the teams, care, reputation and local business that they worked hard to build. The company launched with 18 locations across Atlanta and Dallas, having tripled its footprint over the last year. For more information, please visit Pack Pet Care here.
Phil Krieger, Managing Director at Capstone Partners, commented, “It was a true privilege to advise Barking Hound Village on this important transaction and to work alongside Matt and Matt throughout the process. Pet services continues to be an attractive sector with compelling long-term fundamentals and a highly fragmented landscape of strong local and regional operators. The combination of Barking Hound Village and Puppy Haven creates a differentiated, scaled platform that can pursue meaningful growth while preserving the local brands, cultures and customer relationships that have made each business successful. We believe Pack Pet Care has an exciting opportunity to build a leading pet services platform and we look forward to following the company’s continued growth.”
The investment banking professionals on Capstone Partners’ dedicated Consumer Team work with leading middle market companies operating in the Pet & Animal Care markets to advise on their strategic decision-making in order to maximize financial outcomes at every stage of the business lifecycle. Our firm has developed a full suite of corporate finance solutions, including M&A advisory, debt advisory, financial advisory, and equity capital financing to help privately owned businesses and private equity firms address any need, ranging from growth and financial or operational advisement to an ultimate exit transaction. To learn more about this transaction, or about the benefits of starting a relationship with our Consumer Investment Banking Team, contact us here.
