1、Internal Use3PET CARE MARKET TAILWINDS REMAIN STRONG,PRIVATE EQUITY ADD-ONS BOLSTER M&A ACTIVITYPET SECTOR UPDATE|MARCH 2025Internal UseTABLE OF CONTENTSTom ElliottManaging Director813-382-CONTACT OUR PET SECTOR BANKERKey Sector TakeawaysSector Demand Drivers Hold Strong,Competition Heats UpM&A Oppo

2、rtunities Remain Robust in Evolving SegmentsPrivate Equity Add-Ons Uphold Pet M&A ActivitySponsors Headline Acquisitions Across Pet SegmentsCapstone Partners Advises Ultra Pet on Sale to Oil-DriSelect Pet Sector TransactionsSelect Public Companies Trade at Premium MultiplesPet Report ContributorsFir

3、m Track RecordCapstones Proprietary Research Reveals Top Services in DemandEndnotes456789101112131415Internal Use Preliminary Analysis Feasibility Study ESOP Implementation Design&ExecutionESOP A Transaction Advisory Interim Management Performance Improvement Litigation SupportFinancial Advisory Equ

4、ity Advisory Debt Advisory Infrastructure FinanceCapital Advisory Sell-side Advisory Buy-side Advisory Recapitalizations Mergers&Joint VenturesMergers&AcquisitionsSign Up for Sector Insights.Delivering timely,sector-specific intelligence to your inboxOne of our core capabilities is to deliver sector

5、-specific intelligence designed specifically for sector leaders,private equity firms and their advisors.Our sector reports and featured articles deliver real-time access to key sector data including:Emerging sector trendsAcquirer and investor appetitesMergers&acquisitions market analysisNotable tran

6、sactionsPublic company dataReceive email updates with our proprietary data,reports,and insights as theyre published for the sectors that matter to you most.A DIFFERENT KIND OF FIRM.BUILT FOR THE MIDDLE MARKET.SubscribeCapstone Partners,a subsidiary of Huntington Bancshares Incorporated(NASDAQ:HBAN),