Acquisition strengthens Destination Pet in its position as fast-growing, large consolidator of US pet care resorts
Destination Pet, a provider of comprehensive pet care services, has acquired Pet Palace Pet Boarding Resort, a pet care facility with 11 locations across Ohio, Indiana, North Carolina, and Pennsylvania.
"We are incredibly excited to welcome Pet Palace and their 500+ employees into the Destination Pet pack,” stated Jennifer Strickland Fowler, CEO of Destination Pet in a company release.1 “This acquisition aligns with our growth strategy and reinforces our commitment to becoming the go-to destination for pet care services. Pet Palace's remarkable reputation, top-tier facilities, and multi-state footprint enhance our portfolio and their commitment to exceeding the expectations of their pet families aligns with our own. Together, we will continue to raise the bar in pet care."
According to the release, since it was founded in 2006, Pet Palace has developed an excellent reputation its array of pet care services, including boarding, daycare, and grooming. With this acquisition, Destination Pet now has access to new markets, a luxury pet resort brand, and can expand its connected care model and mobile application Yourgi to a larger customer base.
Brian Hudock, founder and CEO of Pet Palace added, in the release,1 "As the founder of Pet Palace it was critical to me to find the right partner to carry forward the legacy I have built over the years. I selected Destination Pet for its commitment to growth, innovation, and delivering the best possible care to pets. I am excited to see how Destination Pet will build upon the foundation we have laid and take Pet Palace even further." Hudock will further serve in a strategic advisory position with Destination Pet after the acquisition.
Reference
Destination Pet strengthens position in the pet care industry with Pet Palace Acquisition. News release. Destination Pet. June 21, 2023. Accessed June 21, 2023. https://www.prnewswire.com/news-releases/destination-pet-strengthens-position-in-the-pet-care-industry-with-pet-palace-acquisition-301856956.html
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