Pet Industry M&A Tracker
A running record of pet industry mergers and acquisitions, with deal values and what each move means for operators. Every entry links to our reporting on the deal. Updated as deals happen.
Last updated July 27, 2026 · 13 deals tracked since February 2026
VAFO Group acquires Pets Deli
A €700M+ European pet food manufacturer buys a Berlin D2C subscription brand a seventeenth its size, reinstalling the founder as CEO — manufacturers are paying for direct customer data, not just capacity.
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Boehringer Ingelheim acquires Evax
Boehringer's second unpriced vaccine-platform acquisition in two years, betting on unproven equine science while leaving founders with no public price comparable.
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The Farmer's Dog acquires Woof
The Farmer's Dog's first-ever acquisition adds pet enrichment to its $1.2B fresh-food subscription, buying a fast-growing toy and treat brand to diversify beyond a single recurring purchase.
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PetIQ acquires MYOS Corp
PetIQ buys a clinically studied muscle-health supplement line two days after its parent sold off PetIQ's vet clinics, pivoting to owned consumer brands over service ops.
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LIMPID acquires PetPeotalk
A Korean pet-nutrition company absorbs a 120,000-user AI pet-camera startup, vertically integrating behavior alerts with its own nutrition subscription.
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Central Garden & Pet acquires majority interest in TRIXIE
A $3.1B US supplier buys control of a 600-employee German manufacturer, betting that scale beats fragmentation in European pet specialty.
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FCPT acquires 102 Mission Pet Health properties
A restaurant REIT closes on 102 vet clinic buildings at a 6.6% cap rate, repricing clinic real estate as an institutional asset class.
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H.I.G. Capital takes majority control of Outward Hound
H.I.G. takes majority control of Outward Hound's seven-brand platform, a tertiary buyout that signals the pet M&A market is thawing.
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Bond Vet and Small Door Veterinary merge
Two VC-backed urban vet chains combine into a premium primary-care network, a bet that a focused brand can out-execute the corporate roll-ups.
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ReadiVet merges into BlueSky
Two house-call vet startups combine; the only fix for mobile vet's brutal unit economics is route density.
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Tractor Supply acquires VIP Petcare
Tractor Supply buys the largest mobile vet network from PetIQ, stitching retail, pharmacy, and clinics into a rural pet-care platform.
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TAW Ventures acquires Polkadog
Jane Lauder's family office buys Boston's Polkadog, a founder-led long-horizon buyer, not a PE roll-up.
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Bending Spoons acquires Tractive
A software operator buys the top pet GPS brand, Austria's largest startup exit, giving Tractive a software-first owner.
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Unicharm acquires Nutrire
A top-three global pet-care player buys its way into Brazil's premium segment, signaling a LatAm strategic-buyer cycle.
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Golden Pet Brands acquires Petsource plant
Golden Pet's second freeze-dry plant removes a major contract manufacturer from the open market, squeezing indie DTC brands.
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Central Garden & Pet distribution spins into Phillips-led JV
Central hands 80% of its distribution arm to an Axar-backed JV and keeps 20%, exiting a cash-heavy business as pet specialty distribution consolidates.
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Tucker's Raw Frozen Food acquires Nugget's Healthy Eats
A family-owned raw feeder retires an acquired brand's name for the second time this year, betting formulation credibility beats keeping a separate label.
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Chewy acquires Modern Animal
Chewy buys a 29-clinic vet platform and nearly triples its own clinic footprint, closing the loop between commerce and care.
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Covetrus merges with MWI Animal Health
The FTC is issuing information demands on a merger that would cut national veterinary distributors from three to two.
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Agrolimen acquires Ollie
A Spanish conglomerate pays a reported $600M+ for a DTC fresh brand, evidence that fresh pet food is consolidating before the category matures.
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