March 31, 2009
Royal Pet Supplies Inc. Acquired by Quarry Capital Management
Royal Pet Supplies Inc., an independent full line pet supplies distributor, has been acquired by Massachusetts-based private equity firm Quarry Capital Management.
"We are pleased to have Quarry Capital as a new partner going forward," said Royal Pet Chief Executive Officer Robert Siegel. "Quarry Capital's operational and strategic resources and experience in the distribution and manufacturing space will enable Royal to expand its cutting-edge, industry-leading programs and maintain the high level of customer service for which Royal is known. We look forward to expanding our product offerings and maintaining the same customer focus that has been the foundation of our success."
Royal's management team and employees will remain with the company following the acquisition, and the company will continue to be based in Brentwood, NY and Pompano Beach, FL.
Royal Executive Vice President Gary Nocera said, "We are excited about working with the Quarry Capital team and participating with them in the next phase of Royal Pet's growth. Our ultimate objective is to maintain Royal's focus on helping our customers through the ever-changing and challenging environment. We will continue to create and offer innovative programs and tools to keep our customers both profitable and successful for many years to come."
Quarry Capital Managing Director Brent Johnstone said, "We look forward to leveraging Royal Pet's market-leadership position and experienced management team to take advantage of new growth opportunities while continuing to build upon Royal Pet's 60-year history of superior customer service."
About Royal Pet Supplies
Founded over 60 years ago, Royal Pet Supplies (www.royalpet.com) is the second largest independent pet product distributor in the United States. Royal Pet offers more than 25,000 products to over 3,000 independent pet stores delivered from warehouse locations in Brentwood, NY and Pompano Beach, FL.
Royal Pet's fleet of over 50 trucks covers the eastern seaboard, with additional service available nationwide by UPS and full service carriers.
About Quarry Capital Management
Quarry Capital Management (www.quarrycapital.com) is a private equity firm focused on acquiring controlling interests in lower middle market manufacturing and distribution businesses in the US. The firm offers capital, operational assistance and strategic growth support to complement experienced management teams.