Mosaic Capital Partners, LLC (“Mosaic”) is a private equity firm investing in privately held middle market companies. Learn more about Best Friends at About Mosaic Capital Partners, LLC Since 2010, Best Friends has been the exclusive provider of pet care for Walt Disney World Resort. (“Best Friends”), founded in 1996, is one of the largest privately-held independent pet care providers in the United States with over 90,000 active clients across its 30 locations throughout the United States. ICG Capital Securities served as Best Friends’ financial advisor during the transaction.īest Friends Pet Care, Inc. Research shows that companies with an ESOP tend to be environmentally conscious, keep jobs in the United States, and perform better in times of economic downturn. The ESOP provides a substantial retirement benefit to all eligible, full-time employees. No stranger to the attractive trends in the pet sector, Reed most recently served as CEO of Nature’s Variety, an early mover in the natural and raw pet food category. Mosaic also announced that industry veteran Reed Howlett would be joining the partnership as an investor and Board Member. As we continue to build on our tremendous relationships with guests and pet parents, to be able to have our employees now own the business through the ESOP is a wonderful outcome and opportunity for us. They devote themselves tirelessly to ensuring pets and pet owners have a wonderful experience at our facilities. “Our people are our most critical assets. Jared Pinsker, CEO of Best Friends, agreed. We feel we have backed the best-in-class operator in this highly fragmented industry.” With a 20+ year operating history, Best Friends has a wonderful legacy in the communities it serves owing to the many, many passionate employees who have such incredible dedication to their clientele. The pet services sector is extremely attractive as people increasingly see pets as extensions of their human families and spend accordingly. Ian Mohler, who led the transaction for Mosaic, remarked, “We feel tremendously fortunate to have the opportunity to partner with Best Friends. Best Friends offers boarding, grooming, day camp, training and retail services at each of its locations. Mosaic Capital Partners, LLC (“Mosaic”) announced today the ESOP acquisition of Best Friends Pet Hotel (“Best Friends” or the “Company”), a national operator of pet hotels with 30 locations throughout the United States.
Mosaic Capital Partners Announces ESOP Acquisition of Best Friends Pet Hotel
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