PNC Riverarch Capital has recapitalised Feeders Supply Company, a specialty retailer of pet food and supplies headquartered in Louisville, Kentucky.
The transaction also included a significant re-investment by President and CEO Pam Longwell, who will continue to lead the business.
Founded in 1959, Feeders Supply currently operates 16 retail locations primarily in the Louisville metropolitan area. The company is focused on providing “everything you need for all the pets you feed” and offers a broad selection of premium pet food brands and products.
“The company’s customer service orientation and strong ties to the local community have created a well-respected brand with a loyal following,” says Rost. “We believe that Feeders Supply’s strong management team, proven operational excellence, and solid reputation position the company to continue to capitalize on the expected growth in the pet industry.”
The transaction for PNC Riverarch Capital was led by Michael Rost, managing director; Andrew Wiechkoske, director; David Poss, senior associate; and Ian Garland, associate. PNC Riverarch Capital will be represented on the Board of Directors by Rost and Wiechkoske. Senior debt financing for the transaction was provided by Golub Capital LLC.
“I believe PNC Riverarch Capital is the right partner to take what my family and I, along with others, have built to the next level,” says Pam Longwell. “We remain committed to bringing our unique pet lovers store experience to pet parents in the markets we currently serve and in the expansion markets we’re exploring.”
