Published: May 25, 2017

aNb Media News, May 25, 2017

Compiled by: Jennifer Lynch

Olympus Partners Acquires Petmate

Olympus Partners has acquired Petmate Holdings Co., a leading supplier of a wide variety of non-food pet products to leading retailers. The company’s diverse product line includes crates and carriers, outdoor shelters, feeding and watering, and a wide selection of innovative toys. The company’s portfolio of branded toys and licensed products includes ChuckIt!, JW Pet, and Jackson Galaxy. Petmate serves the market through a multi-channel approach that includes big box pet retailers, mass merchandisers, major e-commerce retailers, farm and ag stores, and specialty pet stores. The company designs, manufactures, and distributes its product offerings from its facility in Arlington, Texas.

Founded in 1988, Olympus Partners is a private equity firm focused on providing equity capital for middle-market management buyouts and for companies needing capital for expansion. Olympus is an active, long-term investor across a broad range of industries, including restaurants, consumer products, healthcare services, financial services, packaging and business services.

Olympus manages in excess of $5.5 billion on behalf of corporate pension funds, endowment funds and state-sponsored retirement programs. The acquisition of Petmate marks Olympus’ eighth investment out of its $2.3 billion sixth fund.

spheromcqueencars3Sphero Creates App-Enabled Cars 3 Ultimate Lightning McQueen

Sphero is teaming with Disney/Pixar to create an all-new app-enabled race car, Ultimate Lightning McQueen. Sphero used the newest advancements in technology to create a lifelike Lightning McQueen product, just in time for Disney/Pixar’s Cars 3 in theaters June 16. Packed with animatronic features that embody Lightning’s supercharged personality, Sphero’s Ultimate Lightning McQueen features hybrid performance specs including driving, drifting, racing and reactive touch, allowing fans to connect with the character like never before.

Ultimate Lightning McQueen is available starting today on Sphero.com, Disney Store.com and other select retail partners, MSRP $299.99.

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