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Benchmark International Successfully Facilitated The Transaction Between Pet Specialties LLC And Feeders Pet Supply

Posted on March 31, 2023 By

Benchmark International has successfully facilitated a transaction between North Carolina-based Pet Specialties LLC (“Phydeaux”) and Kentucky-based Feeders Pet Supply.

Phydeaux, founded in 2002, is a multi-location retailer of pet supplies targeted toward consumers. The business has three locations in the triangle area of North Carolina, with one in Raleigh, one in Chapel Hill, and one in Cary. They have the largest selection of premium quality dog, cat, bird, and small animal supplies in the Triangle, all at competitive prices. Phydeaux is committed to working towards ending pet overpopulation.

“Thanks again to Benchmark for getting me through this whole process. I’m not sure I could’ve gotten the same results without Benchmark International’s help. They made the process relatively straightforward and advocated for my best interests whenever possible. I actively recommend them to friends who own their businesses.” said Frank Papa, “Owner and Top Dog” at Phydeaux. 

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Locally owned and operated since 1959, Feeders Pet Supply is your best source for all the supplies you need to keep your pets happy, safe, and healthy. The company’s products include pet foods and pet supplies, enabling customers to obtain quality products. They are a premier retailer in the space with over 55 locations, and this transaction marks their expansion into its sixth state as they roll out the continued expansion plan.

“I am excited to welcome Phydeaux to the Feeders Pet Supply family. North Carolina is a great extension for us to enter and expand. We look forward to delivering quality products and becoming a trusted partner in the Triangle.” said Brannon Dixon, CEO of Feeders Pet Supply.

“Frank was a really fun client to work with throughout our process. We appreciate his willingness to learn and work with us in a process that he was not familiar with. After finding a buyer that was willing to move with his timeline and an acceptable deal, we are happy that Frank will be able to close this chapter in his life and relocate to live and spend more quality time with his family” – Justin Gottschalk, Senior Associate at Benchmark International

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Benchmark International is a global M&A firm that provides business owners with creative, value-maximizing solutions for growing and exiting their businesses. Benchmark International has handled over $9.4 billion in transaction value across various industries from offices across the world. With decades of M&A experience, Benchmark International’s transaction teams have assisted business owners with achieving their objectives and ensuring the continued growth of their businesses. The firm has also been named the Investment Banking Firm of the Year by The M&A Advisor and the Global M&A Network as well as the #1 Sell-side Exclusive M&A Advisor in the World by Pitchbook’s Global League Tables.





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