Who Owns PetSmart?
PetSmart is a leading pet supply retailer in the United States, Canada, and Puerto Rico. Founded in 1986, the company offers a wide variety of pet food, toys, accessories, and services. PetSmart also has a strong presence in the pet grooming and training market.
History of PetSmart
PetSmart was founded in 1986 by James McCann and John Paul DeJoria, the co-founders of the hair care company John Paul Mitchell Systems. The first PetSmart store was opened in Phoenix, Arizona. In 1994, PetSmart was acquired by Bain Capital, a private equity firm. Bain Capital took the company public in 1999. In 2007, PetSmart was acquired by Petco Animal Supplies, Inc. for $1.8 billion.
Who Owns PetSmart Today?
PetSmart is currently owned by Chelsea Partners, a private equity firm. Chelsea Partners acquired PetSmart from Petco Animal Supplies, Inc. in 2015 for $8.7 billion.
Leadership Team
The PetSmart leadership team is led by CEO J.K. Symancyk. Symancyk has been with PetSmart since 2018. Prior to joining PetSmart, Symancyk was the CEO of Dick's Sporting Goods.
Financial Performance
PetSmart is a publicly traded company with a market capitalization of over $10 billion. The company had revenue of $7.5 billion in 2021. PetSmart has over 1,600 stores in the United States, Canada, and Puerto Rico.
Conclusion
PetSmart is a leading pet supply retailer with a strong presence in the pet grooming and training market. The company is owned by Chelsea Partners, a private equity firm. PetSmart has a leadership team led by CEO J.K. Symancyk. The company had revenue of $7.5 billion in 2021.
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