This deal involves a strategic investment in a multi-vertical pet care group in Ontario, focused on grooming, daycare, and boarding services, with a target IRR of around 30%.

Target Information

The target is a rapidly growing collection of pet care businesses specializing in grooming, daycare, and boarding services. This collaborative group commenced its expansion by acquiring a regional grooming chain and later added an additional grooming salon to enhance its market presence. The most significant recent addition is a large boarding and daycare facility. Collectively, these acquisitions create a comprehensive pet care operation serving tens of thousands of clients across Ontario, effectively merging recurring service revenue, strong customer loyalty, and real estate-backed operations within a robust and expanding market.

Industry Overview in Ontario

Ontario's pet care industry has exhibited substantial growth driven by an increasing number of pet owners and their willingness to invest in premium services for their animals. In recent years, there has been a marked shift towards seeking professional grooming and daycare services as owners recognize the importance of pet health and happiness. This sector's expansion is supported by a growing demographic increasingly inclined towards pet ownership, further fueled by trends favoring premium and specialized care.

The pet care market in Ontario is characterized by a diverse range of services, including grooming, daycare, and boarding, each showing considerable demand. Facilities that provide combined services have become popular due to th