Dane Creek Capital Corp. announced its acquisition of RawPaw Natural Foods (a distributor and marketer of pet supplements).
The purchase price represents approximately 1.3 times trailing 12-month revenue. Under the terms of the deal the Company will pay a portion in cash and the remainder in equity from its subsidiary United Pet Supplements Inc.
RawPaw represents the third company held by United Supplements, following the recently announced acquisition of Bonnie & Clyde Premium Pet Goods (‘Bonnie & Clyde’) and the establishment of Baie Run Pet Products Inc. in 2017. DCCC will continue to own a significant majority of United Supplements. Socran will remain President of RawPaw and take a senior management role with United Supplements reporting to Jon Caldwell, President of United Supplements and founder of Bonnie & Clyde. No other terms were announced.
The acquisition represents DCCC’s sixth investment in a female-founded and/or operated business. They are committed to supporting women in business, with more than 50% of invested capital to date having been directed to women-run companies.
