Founded in 1988, Pet Supplies Plus is a nationwide retail franchise of pet-specialty stores. The stores offer a variety of natural foods, hard goods and pet services.
Pet Supplies Plus will use the Golub financing to invest in new store development and franchising initiatives.
“We have become increasingly active in the last 5 years in the pet industry, so when Sentinel came to us with this opportunity, we knew we could add value,” said Matt Fulk, managing director at Golub Capital. “Pet Supplies Plus is a great company and, combined with Sentinel’s track record, we are confident that it will prove to be a strong investment.”
“Sentinel has a long track record of investing in franchise businesses, but with this deal, we were looking for a partner with deep expertise in the pet retail industry,” said Marc Buan, a principal at Sentinel. “We knew that Golub Capital would be able to bring relevant knowledge to the table as well as deliver the financing that we need to grow the company.”