Pets at Home acquires Vets4Pets
Pets at Home has acquired the Vets4Pets veterinary chain. The deal will add a further 90 outlets to the retailers existing 116 vets practices which operate in-store under the Companion Care Brand.
Pets at Home, which is owned by US private equity firm KKR, was founded in 2001 and now has 346 stores nationwide. The company is keen to increase its veterinary offering to the point where there could be more vets' practices than stores.
Chief executive Nick Wood said: "In the future, the opportunity for Pets at Home is to have more vet, and potential vet locations than store locations."
Vets4Pets’ operational centre will remain in the East Midlands while support functions will be divided between Companion Care’s office in Oxfordshire and Vets4Pets’ Guernsey base.
Pets at Home was acquired by KKR three years ago in a deal worth £955 million.
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