PetIQ, Inc. Announces Successful Completion of Acquisition by Bansk Group

Core Points - PetIQ, Inc. has completed its acquisition by Bansk Group in an all-cash transaction valued at approximately $1.5 billion, with stockholders receiving $31.00 per share [1] - Following the acquisition, PetIQ will be delisted from the Nasdaq stock exchange and will operate as a privately held company [1] Company Overview - PetIQ is a leading company in pet medication, health, and wellness, providing affordable products and veterinary services through retail and e-commerce channels [4] - The company operates over 2,600 mobile community clinic locations and wellness centers across 39 states [4] Bansk Group Overview - Bansk Group, founded in 2019, focuses on investing in distinctive consumer brands across various categories, including beauty, health, food, and household products [5] - The firm has a history of over $30 billion in equity capital investments across more than 40 transactions in the consumer sector [5] Strategic Vision - PetIQ aims to enhance its capabilities and offerings for pet parents through strategic investments in marketing and innovation, as well as potential acquisitions [2][5] - Bansk Group expresses confidence in PetIQ's growth potential within the pet health and wellness category, emphasizing a commitment to support the company's next phase of growth [2]