PSP Group, LLC
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PSP Group, LLC - overview
Established
1988
Location
Livonia, MI, US
Primary Industry
Retail
About
Founded in 1988 and based in Michigan, US, PSP Group, LLC operates as a retailer of pet supplies. The firm made its beginnings in Redford, MI, but now has over 500 owned stores and franchises throughout the United States. Pet Supplies Plus offers its products such as food, treats or care products online with same day delivery/collection options, or, in-store. The company also provides grooming facilities, services and information about animal adoption.
The group's revenue exceeded USD 1 billion in 2019. PSP Group was acquired by the Franchise Group in early 2021 as part of a diversification strategy, but intends to continue its growth trajectory, with 185 new store openings in the pipeline for 2021-2022.
Current Investors
Vintage Capital Management, Franchise Group, Inc.
Primary Industry
Retail
Sub Industries
Pet Products, Consumer Services, Information Services
Website
www.petsuppliesplus.com
Verticals
E-commerce
Company Stage
Add-on
Total Amount Raised
Subscriber access only
PSP Group, LLC - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on, Trade Sale | Completed | PSP Group, LLC | - | ||||||||
| Secondary Buyout | Completed | PSP Group, LLC | - | ||||||||
| Buyout | Completed | PSP Group, LLC | - | ||||||||
| Add-on | Completed | Pet Extreme Inc. | - | ||||||||
| Add-on | Completed | Pet Supplies Plus Northeast Pennsylvania | - |
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