About This Deal

Petco Health and Wellness Company acquired PetCoach, a transaction completed in April 2017.

PetCoach operates in Digital / veterinary advice services, is based in Philadelphia, Pennsylvania, USA (leadership relocating to Southern California). Petco acquired PetCoach, a digital services company whose website and app connect pet owners with experienced veterinary professionals for personalized advice on their pets' health and well-being. The platform combined convenient access, data and expert guidance for pet parents. As part of the deal, PetCoach co-founder and CEO Brock Weatherup joined Petco as Executive Vice President of Strategic Innovation and Digital Experience, tasked with driving the retailer's digital and innovation initiatives. Petco later extended the PetCoach brand into a physical store concept.

The acquisition brought entrepreneurial digital leadership and a veterinarian-led advice platform in-house, helping Petco meet the digital expectations of modern pet parents as it broadened its health-and-wellness value proposition.

Veterinarian-led digital advice platform plus an entrepreneurial digital leader to accelerate Petco's online initiatives. PetCoach folded into Petco; founder appointed EVP, Strategic Innovation & Digital Experience

Deal Terms

Acquirer
Petco Health and Wellness Company
Target
PetCoach
Value
Not disclosed
Date
April 2017
Type
Full acquisition
Status
Official-source — no SEC filing

Transaction Details

Target HQ
Philadelphia, Pennsylvania, USA (leadership relocating to Southern California)
Segment
Digital / veterinary advice services
Announced
April 4, 2017
Closed
April 4, 2017

In Their Words

As we continue evolving our value proposition – helping pet owners wherever and however they want to improve the health and well-being of their pet -- we believe that an entrepreneurial and digital leader of Brock's caliber will help Petco exceed the ever-changing digital expectations of the modern pet parent.Brad Weston, CEO, Petco
We are thrilled to be joining a talented team and a leading company like Petco. Connecting even more pet parents and their pets to the personalized tools, resources, veterinarian advice and products they need is exciting.Brock Weatherup, Co-Founder & CEO, PetCoach

Advisors

Advisory firms were not disclosed for this transaction.

Sources: Press release ↗

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