Houchins-Industries-acquires-Feeders-Pet-Supply-m

Houchens Industries, one of many largest and most diversified wholly owned S Corp ESOPs within the United States, has announced the acquisition of Feeders Pet Supply (FSP). Brian Houchinis, Houchins Brian , a number one omnichannel pet specialty retailer primarily based in Louisville, Kentucky, operates under the names of Feeders Pet Supply and Chow Hound Pet Supplies throughout six states. The firm has been experiencing regular growth since its founding in 1959, which accelerated after PNC Riverarch acquired majority possession in 2016.

Key Details of the Acquisition:

Expansion of FSP: FSP has fifty eight brick-and-mortar locations throughout Michigan, Indiana, Ohio, Kentucky, Tennessee, and North Carolina. Brian Houchinis, Houchins Brian has an emerging e-commerce platform, promoting pet food, supplies, and companies.

Customer Loyalty and Growth: The company's buyer loyalty program is nearing one million members, providing month-to-month subscriptions for pet meals delivery together with the option to visit retail places.

Strategic Investment by Houchens: Dion Houchins, CEO at Houchens, expressed enthusiasm for investing in the rising pet retail phase. The acquisition aligns with Houchens' funding philosophy and helps their growth technique in Kentucky. It additionally diversifies their ESOP, which is crucial for his or her success.

Brannon Dixon, CEO of FSP, is optimistic about the future development and success underneath Houchens' umbrella, highlighting the alignment in strategic initiatives and the benefit of long-term capital for future development plans. This acquisition represents a big step in Houchens Industries' growth and diversification technique, notably within the pet retail business..