| Pet Valu Holdings Ltd. | |
| Type: | Public |
| Industry: | Pet retail |
| Location City: | Markham, Ontario |
| Location Country: | Canada |
| Key People: | Richard Maltsbarger (CEO) |
| Products: | Pet food, accessories |
| Revenue: | $648 million (2020) |
| Owner: | Roark Capital Group |
Pet Valu Holdings Ltd. is a Canadian pet food and accessory retailer founded in 1976.[1]
The company's first initial public offering occurred in 2009 when Roark Capital Group took over the company for an estimated $144 million.[1]
Its stores, franchises and subsidiaries generated $574 million in 2019 and $648 million in 2020.[1]
Richard Maltsbarger became its CEO in 2018. At the time, Roark Capital owned all of the company. However, when it completed its $316-million initial public offering on the Toronto Stock Exchange, Roark Capital sold some of its shares but retained sixty-two per cent.[2]
RBC, Barclays Capital Canada, and CIBC World Markets underwrote the IPO.[1]
In November 2020, the company announced that it would close all its stores located in the United States.[3] [4] [5]
At the end of 2021, the organization had 633 corporate and owned stores and franchises in Canada.[2]
In 2022, Pet Valu acquired Quebec chain Chico's 66 stores.[2]
According to Maltsbarger, the company owns 225 out of its 744 stores, while the remaining stores are franchised to local owner-operators.[6]