Pestell Group will now operate as two independent portfolio companies: Targeted PetCare (TPC) and Pestell Nutrition (PN)
Wind Point Partners acquired Pestell Group in June 2018, where the company was comprised of the business units Pestell Pet Products and Pestell Minerals & Ingredients.
“Over the past year, the evolution of PN and TPC has been substantial,” said Paul Peterson, managing director of Wind Point Partners, which is headquartered in Chicago. “A central part of our original thesis was to thoughtfully separate Pestell Group into two portfolio companies, and robust M&A [mergers and acquisitions] activity at both businesses has accelerated that opportunity. We look forward to further growth and success for PN and TPC alongside our CEO partners, Jerry Vergeer and Matt Miller.”
TPC is a full-line manufacturer of animal litter and bedding products, and a co-manufacturer of dental pet treats. Since June 2018, TPC has completed the acquisitions of BPV Environmental, Targeted Pet Treats and VersaPet.
“The transformation of TPC since June 2018 has been remarkable,” Miller said. “Since joining, we have more than quadrupled pet revenues across organic growth and strategic acquisitions. Our team is proud of the unique value proposition we’ve built which has allowed us to be the preferred partner with so many of our customers.”
PN is a distributor of nutritional additives and ingredients for the animal nutrition and pet food industries across Canada and the United States. Since June 2018, PN has acquired Pro-Ag Products, Versus Animal Nutrition and Premier Ag Resources.
“We are excited about PN operating as a standalone entity and what it means for our customers,” said Vergeer. “We continue to believe that PN can capitalize on compelling growth opportunities in Nutrition and Health while expanding our geographic footprint across the U.S. and Canada.”
