D.A. Davidson has announced its role as the exclusive sell-side financial advisor to Allivet, Inc., an online pet pharmacy specializing in medications, supplements, and various pet products, regarding its upcoming sale to Tractor Supply Company (NASDAQ: TSCO). Founded in 1992 and backed by Peninsula Capital Partners, Allivet is recognized as a leading pet pharmacy offering both prescription and over-the-counter medications. The company also provides strategic partnerships through retail and e-commerce channels. Its innovative ‘PetRx-as-a-Service’ platform is expanding rapidly, featuring collaborations with notable partners such as Tractor Supply and the American Kennel Club (AKC). Allivet aims to improve long-term health outcomes for pets by ensuring easy access to medications and offering expert advice to pet owners.
Tractor Supply Company, the largest rural lifestyle retailer in the U.S., has a legacy of over 85 years serving farmers, ranchers, and pet enthusiasts. With 50,000 team members, Tractor Supply is dedicated to providing exceptional service and helping customers pursue their interests in rural living. The acquisition of Allivet will enhance Tractor Supply’s offerings for companion animals, equestrian, and livestock customers, creating new growth opportunities.
Hal Lawton, President and CEO of Tractor Supply, expressed enthusiasm for the acquisition, stating, “Allivet is a best-in-class platform with an exceptional management team and a robust financial profile. This strategic acquisition exemplifies our commitment to delivering value as we expand our market reach.”
Ujjwal Dhoot, CEO of Allivet, remarked, “Joining forces with Tractor Supply will allow us to reach millions of customers, accelerating our growth and innovation to help pets live healthier lives.”
John Jameson, Managing Director at D.A. Davidson, praised Allivet’s achievements in the e-commerce pet pharmacy sector and expressed excitement about advising Peninsula Capital Partners on this important transaction.
Karl LaPeer, Senior Partner at Peninsula Capital Partners, noted that the acquisition represents a significant milestone in Allivet’s history, celebrating the team’s transition into Tractor Supply’s renowned brand.
D.A. Davidson served as the exclusive financial advisor, with Foley & Lardner LLP acting as legal advisor for Allivet and Debevoise & Plimpton LLP for Tractor Supply. The transaction is subject to customary closing conditions and is expected to finalize in Tractor Supply’s fiscal first quarter of 2025.
D.A. Davidson’s Consumer Group is well-regarded for its industry expertise and comprehensive capabilities, offering M&A, strategic advisory, and equity capital markets services across various sectors, including e-commerce, active lifestyle, and consumer products. Together with its European partner, MCF Corporate Finance, D.A. Davidson executes transatlantic M&A transactions under the D.A. Davidson MCF International brand.
About D.A. Davidson Companies
D.A. Davidson Companies is an employee-owned financial services firm offering a range of financial services and advice to individuals, corporations, institutions, and municipalities nationwide. Founded in 1935 with corporate headquarters in Great Falls, Montana, and regional headquarters in Denver, Los Angeles, New York, Omaha and Seattle, the company has approximately 1,600 employees and offices in 30 states.
Subsidiaries include: D.A. Davidson & Co., a full-service investment firm providing wealth management, investment banking, equity and fixed income capital markets services, and advice; Davidson Investment Advisors, a professional asset management firm; and D.A. Davidson Trust Company, a trust and wealth management company.
