Olympus offers Fur-well to Petmate with sale to Platinum Equity
STAMFORD, Connecticut., September 15, 2021 / PRNewswire / – Stamford, ConnecticutOlympus Partners sold Petmate to Platinum Equity. Petmate is a diverse pet products platform that markets and manufactures products including toys, kennels and crates, dog kennels, food and water supplies, pet storage containers, ‘food, cat litter products, bedding, poultry houses, treats and chews, and various other products.
Paul Rubin, partner at Olympus, commented: “We have sincerely appreciated our partnership with Alice tillett and the management team to make the company a real platform leader in the market. The team has done an outstanding job adapting to market dynamics and driving growth with key customers. Petmate is well positioned for continued success. ”
CEO of Petmate Alice tillett said: “Olympus has been a fantastic partner over the past four years. They have supported both our growth strategy and the internal investment which has been crucial in achieving our success.
The Olympus team included Paul Rubin, Dave cardenas, Connor wood, and Sid ahuja. Petmate and Olympus were represented in the sale by Jefferies LLC and Harris williams & Co. In addition, Olympus was advised by Benjamin clinger, Matthew Goulding, Scott Syverson, Nick cagle, and Parth Bhatt of Kirkland & Ellis LLP.
About Olympus Partners
Olympus Partners is a private equity firm focused on providing equity for mid-market management buyouts and for companies in need of capital to grow. Olympus manages funds in excess of $ 8.5 billion primarily on behalf of corporate pension funds, endowment funds and state sponsored retirement programs. Founded in 1988, Olympus is an active long-term investor in a wide range of industries including business services, consumer products, healthcare, financial services, industrial services and manufacturing.
SOURCE Olympus Partners