Pet Resort Hospitality Group Expands with Acquisition

News Summary

Pet Resort Hospitality Group (PRHG) has expanded its portfolio by acquiring five leading pet resort brands, increasing its total locations to 17. The acquisition is part of PRHG’s strategic growth strategy, focusing on providing high-quality pet care services and enhancing its operational capabilities. Founded in 2023, PRHG aims to leverage its recent acquisitions to strengthen its market presence and meet the rising demand for pet care. The organization is committed to fostering founder and family-owned businesses in the sector, prioritizing customer satisfaction and employee welfare.

Pet Resort Hospitality Group Expands Portfolio with Acquisition of Five Leading Pet Resort Brands

Miami, FL – Pet Resort Hospitality Group (PRHG) has successfully expanded its portfolio by acquiring five prominent pet resort brands, bringing the total number of locations under its management to 17. This strategic move reflects PRHG’s commitment to enhancing its services in the pet care sector.

The newly acquired resorts include:

• Meadowlake Pet Resort and Training Center in Houston, TX, comprising two units.
• Olde Towne Pet Resorts with three facilities located in Washington, DC.
• Playtime Pet Resort situated in Philadelphia, PA, featuring two locations.
• Paws ‘n’ Rec with four locations positioned in Tampa, FL.
• Williamsburg Pet Hotel and Suites located in St. Louis, MO, a single unit.

With this acquisition, PRHG has increased its workforce to over 600 employees and manages more than 1,700 daily visits for pets across its facilities. This expansion not only strengthens PRHG’s market presence but also enhances the quality of services offered to pet owners.

Growth Strategy and Investments

Founded in April 2023, PRHG operates as a buy-and-build platform, focusing on various pet services including daycare, boarding, grooming, and training. The recent acquisitions have been funded through Trivest Partners’ $600 million Trivest Discovery Fund II, which specifically targets investments in founder-led and family-owned businesses in fragmented industries. This funding aims to bolster growth and operational efficiency within the pet services sector.

Co-founded by industry veterans Azhar Quader of Queens Court Capital and Eyal Cohen, PRHG’s leadership team brings extensive expertise in acquisition planning, strategic growth, brand unification, and operational support. Their knowledge is crucial for identifying and integrating potential acquisitions that align with the company’s vision.

Future Plans and Market Demand

PRHG is actively pursuing additional acquisitions as part of its ongoing strategy to enhance its market presence across the United States. This expansion effort aligns with the increasing trend of pet ownership and the corresponding demand for high-quality pet care services. The company emphasizes the importance of fostering and supporting founder and family-owned businesses within the pet services realm, ensuring that customer needs and employee welfare are prioritized.

The completed acquisitions are expected to provide enhanced employment opportunities within the organization, contributing to overall staff development. PRHG is focused on delivering quality care for pets, alongside improving the experiences of pet parents through increased operational capabilities and resources.

Industry Outlook

The pet services industry has been witnessing substantial growth, fueled by the rising number of households owning pets. As PRHG continues its rapid expansion trajectory into 2024, the company is well-positioned to capitalize on this growing demand. The leadership team’s commitment to maintaining a high standard of care within its facilities ensures strong prospects for future growth and success in this dynamic sector.

As the pet industry evolves, PRHG’s strategic approach to acquiring established brands will allow for improved quality of services and enhanced customer experiences. This initiative not only aims to support the operational growth of each acquired brand but also contributes to the overall advancement of standards in the pet care industry.

Deeper Dive: News & Info About This Topic

HERE Resources

Pet Resort Hospitality Group Expands National Presence
Pet Resort Hospitality Group Expands Portfolio with Five Acquisitions

Additional Resources

• Business Wire: Pet Resort Hospitality Group Acquires Five Leading Pet Resort Brands
• Coaster101: Theme Parks with Dog and Pet Kennels On-Site
• Pet Business: Trivest Partners Acquires 3 Pet Care Brands
• Wikipedia: Pet Care
• Williamsburg Families: Pet Resort at Greenspring – Kennel Attendant and Daycare Staff
• Google Search: Pet Resorts News