Wind Point Partners and portfolio company Pestell Group acquired Targeted Pet Treats (TPT) through its Pestell Pet Products.
TPT, founded in 2000 and headquartered in Warren, Pa., is a co-manufacturer of dental treats and long-lasting chews for pets.
TPT provides entry for Pestell into the growing dental treat market. Additionally, both businesses plan to leverage their customer relationships, manufacturing capabilities and distribution networks to enable cross-selling opportunities.
“On behalf of everyone at Pestell, I am thrilled to welcome the Targeted Pet Treats family into our organization,” said Matt Miller, Pestell Group CEO. “This combination expands Pestell's product breadth into complementary products, allowing us to better serve our customers' pet product needs. The TPT team, led by Greg Austin, has built a strong brand and culture which we are excited to now be a part of.”
The acquisition of TPT continues Wind Point's history of partnering and working with family-held businesses and marks Pestell's second acquisition as the company seeks to further expand its product offering and geographic presence for its customer base.
Wind Point Partners acquired Pestell in June of 2018 in partnership with Matt Miller, a more than 20-year veteran of the pet and consumer industries. In cooperation with Matt and management of Pestell, Wind Point will seek to continue expanding the Pestell platform through a combination of organic growth and complementary acquisitions. The pet industry has been an area of focus for the firm since its founding in 1984.