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Pet Resort Hospitality Group Expands Portfolio with Five Acquisitions

A glimpse of a luxury pet resort with attentive care and playful pets.

News Summary

Pet Resort Hospitality Group has announced the acquisition of five prestigious pet resort brands, expanding its portfolio to 17 locations. This strategic move aims to enhance PRHG’s position in the pet care services industry, focusing on high-quality daycare, boarding, grooming, and training services across various states. The acquisitions will leverage the expertise of a seasoned management team, promoting operational excellence and supporting existing businesses. The company is poised to capitalize on the growing demand for pet care services, as the global market is projected to reach nearly $369 billion by 2030.

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

Houston, TX – Pet Resort Hospitality Group (PRHG) has announced a significant expansion of its operations through the acquisition of five renowned pet resort brands. This strategic move brings PRHG’s total number of locations to 17, further solidifying its position as a leader in the pet care services industry.

Newly Acquired Brands

The newly acquired brands include:

Meadowlake Pet Resort and Training Center in Houston, TX, consisting of two units and boasting over 20 years of operational excellence.
Olde Towne Pet Resorts in Washington, DC, featuring three high-end facilities complemented by an analytics and operations group.
Playtime Pet Resort located in Philadelphia, PA, with two luxury locations catering to Philadelphia’s Main Line clientele.
Paws ‘n’ Rec in Tampa, FL, which encompasses four locations developed in the last three years, operating under a unique membership model.
Williamsburg Pet Hotel and Suites in St. Louis, MO, a family-run enterprise that has been operational for over 60 years.

Company Overview and Staffing

PRHG is currently staffed by over 600 employees, facilitating more than 1,700 daily pet visits across its facilities. The company was established through a partnership between Queens Court Capital, Trivest Partners, and Eyal Cohen, a veteran in the pet industry.

Investment and Strategic Goals

The funding for these acquisitions has been secured from Trivest Discovery Fund II, a $600 million investment fund dedicated to supporting founder and family-owned businesses. PRHG’s strategy focuses on growth and acquisitions to develop a best-in-class operation in daycare, boarding, grooming, and training services throughout various states.

Expert Management Team

The management team at PRHG possesses extensive experience in both private equity and the animal companion sector. This expertise aims to enhance the support and growth of existing businesses within PRHG’s portfolio, ensuring effective integration and operational excellence.

Emotional Transition for Owners

The acquisition of Williamsburg Pet Hotel and Suites was particularly emotional for its owners, Todd and Mandy Rowley, illustrating the personal connections often involved in family-run businesses transitioning to larger corporate ownership. The sale was facilitated by PET|VET M&A, a brokerage firm that specializes in the pet care industry.

Market Trends and Industry Growth

Analysts observe that the pet care services segment is increasingly becoming an attractive sector for private equity investments, creating a broader range of selling options for business owners. The global pet care market is anticipated to grow from over $246 billion in 2023 to nearly $369 billion by 2030, reflecting the rising demand for pet care services.

As PRHG continues to expand its footprint, it aims to leverage these acquisitions to fulfill its vision of providing unparalleled pet care solutions across the United States.