In another pet food industry acquisition, Outward Hound, a portfolio company of J.W. Childs Associates, L.P., has acquired Wholesome Pride. This is the first acquisition for Outward Hound since being acquired by J.W. Childs Associates in December 2017.
Wholesome Pride creates 100 percent all natural limited ingredient pet treats with zero additives and was founded in 2013 by a then 17-year-old Chase Peterson, according to a press release. Chase was raised in the pet food and treat category due to his father’s company. This gave him the opportunity to build his own knowledge and entrepreneurial mindset to then branch off into his own venture and start Wholesome Pride. Chase’s knowledge brings experience to this space. Now, at just 22 years old, Chase looks forward to working with the Outward Hound team to disrupt the treat category with innovations that appeal to the millennial consumer.
Chase will stay on board as Vice President of Wholesome Pride managing the newly formed treat division with Outward Hound providing all the resources and capital necessary to grow the treat category and regularly introduce new products.
“I’m excited to work with the Outward Hound team and take Wholesome Pride to a whole new level of innovation, excellence and industry recognition which will allow us to pave the way for the future of the pet treat category,” said Chase Peterson, founder of Wholesome Pride, in a press release.
“Wholesome Pride has created limited ingredient and 100 percent natural products in the treat category with huge potential to scale into new distribution channels” said Outward Hound CWO (Chief Woof Officer) Kyle Hansen. “Chase has done a phenomenal job building Wholesome Pride into a successful brand and we’re all looking forward to working together.”
“We’re excited to add the Wholesome Pride line of products to the Outward Hound portfolio,” said David Fiorentino, partner of J.W. Childs Associates. “This strategically complementary combination creates exciting opportunities and a new platform for growth.”
Outward Hound is a J.W. Childs Associates Portfolio Company that is an award-winning innovator, creator, manufacturer and distributor of the highest quality toys, games, gear and feeders for dogs and cats.
J.W. Childs is a Boston-based private equity firm focused on investing in middle-market growth companies. Since inception in 1995, J.W. Childs has invested in excess of US$3.5 billion of equity capital in more than 45 companies across the consumer, specialty retail and healthcare industries. The firm’s success has been built on its industry focus and the extensive operating expertise of its partners.
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