The terms of the transaction were not disclosed.
Jay Joyce, president of Summit Pet, and Mike Copeland, senior vice president of Summit Pet, as well as all of the managing partners will become equity investors in Animal Supply. Joyce will join Animal Supply’s board of directors and will continue to direct Summit’s operations as its president.
“Summit Pet is a best-in-class operator that has built a 25 year reputation of excellent customer and vendor service,” Randy Reber, chairman of Animal Supply, said. “Similar to our recent partnership with Lone Star, Summit’s common culture and unwavering commitment to excellence in the pet specialty market makes this a truly synergistic combination with Animal Supply.”
The combined business will now cover 30 states, represent over 300 pet product manufacturers and deliver to more than 5,000 pet retail stores.
“We believe in Animal Supply’s long-term vision of building the preeminent pet products distributor in North America and are excited to be their partner to help in creating it,” Joyce said. “We have always had great respect for the operating philosophy and progressive visions of both Animal Supply and Lone Star. This partnership enables us to provide even better service and coverage for our customers and vendors alike.”