PetMed Express Inc., a provider of pet medications, product and health services direct to the consumer, has purchased PetCareRx, a supplier of pet medications, food and supplies.
The combined entities will expand PetMeds’ existing base of over 2 million customers and will add approximately 10,000 wellness products to the company’s existing product offering. The acquisition of PetCareRx gives PetMeds an expanded product catalog and differentiated services. Following the closing of the transaction, PetMeds will keep the consumer-facing PetCareRx e-commerce operation and brand running separately.
“Joining forces with PetMeds will enable a more holistic pet wellness experience with greater resources and scale and a shared commitment to improving the lives of pet parents across the U.S.,” says Jeanette Loeb, CEO of PetCareRx.
CapM Advisors acted as the financial advisor to PetMeds in this transaction.