Dane Creek Capital acquires Pets4Life

Dane Creek Capital Corp. (DCCC), a merchant bank specializing in pet industry, has acquired 100% of St. Thomas, Ontario based Pets4Life, a leading manufacturer of gourmet frozen raw pet food for dogs and cats based in. The transaction closed on January 31, 2108. Financial terms were not disclosed; the purchase price represented approximately 0.6 times 2017 revenue.

Pets4Life has been owned and operated by Glenn and Sherry Forrester since 2010, both of whom will continue in their roles at the company following the acquisition.

Pets4Life raw pet food meals are manufactured out of a single facility and sold mainly through pet specialty retailers in Ontario. All its formulas are certified to meet the Association of American Feed Control Official’s (AAFCO) standards for complete and balanced nutrition for all life stages of dogs and cats.

Pets4Life is one of the few Canadian companies that also offers a wholly organic line made with Certified Organic ingredients.

“We are pleased to complete our first acquisition of a premium raw pet food company in Ontario,” said Glen Tennison, President & CFO of DCCC. “Pets4Life offers a variety of unique formats that will allow us to expand our footprint within the category while we leverage our increasing expertise to drive revenue growth and increase market share.”

Today’s announcement marks DCCC’s second investment in the frozen raw space and one of several planned investments in 2018.

Dane Creek Capital made first investment in raw pet food in September 2017 when it acquired 100% of Alberta-based manufacturer Mountain Dog Enterprises Inc., the only raw pet food manufacturer in Canada with HACCP Canada (HACCP) certification. HACCP or ‘Hazard Analysis Critical Control Points’ is a system of food safety and quality control required by federally regulated food manufacturers under the Canadian Food Inspection Agency (CFIA).

In related news, DCCC’s previously announced plans to invest in the Nova Scotia-based raw pet food manufacturer Totally Raw Natural Dog Food Inc. have been canceled and discussions have ended. DCCC now plans to build its own Nova Scotia-based facility to manufacture raw and freeze-dried fresh pet food products. Drawing on the success of Mountain Dog as an industry leader in quality manufacturing, the new facility will be equipped with state of the art machinery and operated to CFIA standards with HACCP certification. Completion of the Nova Scotia facility will provide DCCC with manufacturing capacity for raw pet food products in three provinces spanning the Canadian market.

photo credit: Pets4Life

Ted Liu

Ted Liu, M.Sc. (Mining), MBA (Finance), is the Editor of Private Capital Journal, CanadaMetals.ca, TechWire.ca, and the former Editor of Canadian Private Equity. Ted has been passionately tracking Canadian private capital industry since 1992, having most recently served as Research Director for The Canadian Venture Capital and Private Equity Association (CVCA).

Ted is the architect of CVCA infobase, and is the architect of CPE Media's Financings.ca, Canada's most sophisticated and advanced all private capital and public market financing database.