On the Record · PetIQ
PetIQ acquisitions, on the record
The businesses PetIQ bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
Capstar® and CapAction® and related assets from Elanco US Inc.Word for word“On July 31, 2020 the Company completed the acquisition of Capstar® and CapAction® and related assets (the “Capstar Acquisition”) from Elanco US Inc. for $ 95 million, plus the cost of certain outstanding finished goods inventory in saleable condition, using cash on hand as a result of the issuance of the 4.00 % Convertible Senior Notes due 2026 (the “Notes”) in May 2020, See Note 5 – “Debt” ” 10-K for 2021 | acquisition | On July 31, 2020 | $ 95 million, plus the cost of certain outstanding finished goods inventory in saleable condition |
Perrigo Animal Health business unitWord for word“With the 2019 acquisition of the Perrigo Animal Health business unit, we have now expanded our manufacturing capabilities to include multiple product forms within flea & tick control.” 10-K for 2021 | acquisition | 2019 | — |
Community Veterinary Clinics, LLC d/b/a VIP Petcare (VIP)Word for word“A portion of the purchase price for the acquisition of Community Veterinary Clinics, LLC d/b/a VIP Petcare (“VIP” and such acquisition, the “VIP Acquisition”) was structured in the form of Contingent Notes.” 10-K for 2021 | acquisition | — | — |
Perrigo Animal HealthWord for word“Through the Perrigo Animal Health Acquisition, we entered into a product development and asset purchase agreement with a third party for certain product formulations in development by the third party.” 10-K for 2022 | acquisition | — | — |
Rocco & Roxie LLC ("R&R")Word for word“The Company completed the acquisition of all of the membership units of Rocco & Roxie LLC("R&R") on January 13, 2023.” 10-K for 2022 | acquisition | On January 13, 2023 | — |
Rocco and Roxie Supply Co, LLC (R&R)Word for word“On January 13, 2023, the Company completed the acquisition of all of the membership units of Rocco and Roxie Supply Co, LLC ("R&R"), after which R&R became a wholly owned and consolidated subsidiary of the Company.” 10-K for 2023 | acquisition | January 13, 2023 | — |
Mark & ChappellWord for word“We expect the sale of Mark & Chappell will close during the first quarter of 2024.” 10-K for 2023 | agreed divestiture | first quarter of 2024 | — |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) | Goodwill from acquisitions |
|---|---|---|
| 2018-12-31 | $93.1 million | $120.3 million |
| 2019-12-31 | $185.1 million | $105.8 million |
| 2021-12-31 | $0 | — |
| 2022-12-31 | $0 | — |
| 2023-12-31 | $27.6 million | $20.6 million |
Deal filings since 2016
- 2024-10-25 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2024-10-25 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2024-08-07 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2023-05-31 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2023-02-10 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2023-02-09 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2021-04-19 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2020-08-03 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2020-08-03 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2020-05-20 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2020-05-14 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2020-01-15 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2019-07-09 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2019-07-09 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2019-05-08 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2018-10-02 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2018-01-23 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2018-01-23 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2018-01-08 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
Read from PetIQ’s annual reports (10-K for 2023, 10-K for 2022, 10-K for 2021) and the financial data it files with the SEC, as of 2024-02-29. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.