This is Roark's second major acquisition since last year. Pet Valu had 356 franchised and corporate stores in Canada and the US.
Geoffrey Holt, Pet Valu founder, will retire as CEO and be replaced by Tom McNeely. Pet Valu's board will also have Russ Reynolds, CEO of Roark portfolio company Batteries Plus, as well as Steve Romaniello and Ezra Field, managing directors of Roark, and Jaime Wall, vice president, Roark.
By Lindsay Beaton
As work continues on creating a new nutrition label that focuses on simplifying information for consumers, challenges remain.
By Tang Yu