PetSmart Gets Bought Out for $8.7 Billion

AquaNerdBy AquaNerd 4 years ago
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Who would have thought that PetSmart was worth $8.7 billion? Well, apparently that’s the case, as the pet retail giant has changed ownership for the aforementioned lofty sum. The acquisition was spearheaded by an investment team led by BC Partners, with this buyout tipping the scales as the single biggest private equity deal announced globally this year. This move was brought on by declining stock prices earlier this year, in which the company’s stock value slipped 18% MORE: PetSmart Gets Bought Out for $8.7 Billion

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