AUA Private Equity Partners has acquired Westminster Pet Products (Westminster), a family-owned developer and marketer of pet treats, chews and supplies as well as shoe care products. Westminster operates out of a 240k square foot BRC-AA certified facility located in Cumberland, Rhode Island, selling to a robust blue-chip North American customer base.
Westminster represents AUA Private Equity’s first platform investment in the pet industry which is supported by attractive industry tailwinds and increasing consumer spending on pets as extensions of the core family. AUA Private Equity will work with existing management to continue the Company’s growth trajectory through product development, increased channel penetration, and future tuck-in acquisitions.
David Benyaminy, Partner of AUA Private Equity, says: “We welcome Westminster and it’s management and employees as the newest addition to our portfolio. Westminster’s product offering is well positioned to further capitalize on its growing end markets including the attractive pet treats, chews, and supplies categories. We see numerous opportunities to drive continued growth and our strategic acquisition will support the Company’s long-term success and commitment to its customers, consumers, and pets nationwide.”
Andy Unanue, Managing Partner of AUA Private Equity, adds: “The pet industry has proven to be resilient throughout market cycles and also benefits from positive macro-economic trends including increased pet adoptions and spending by consumers. Westminster is well-positioned to continue to benefit from these positive trends and we are tremendously excited about our investment in Westminster and our partnership with its management team.”
The transaction was led by Partner David Benyaminy, Vice President Ari David, Associate Greg Conway, Senior Analyst Gregory Guggenheim, and Summer Intern Kurt Van Mol. McDermott Will & Emery LLP served as legal advisor to AUA Private Equity. Additional advisors to AUA Private Equity include CohnReznick LLP, LEK Consulting, and Lockton Companies.
