Listen to this articlePress release: Madison Street Capital
Madison Street Capital, an international investment banking firm, served as exclusive advisor to to Roscoe Bed + Bark on its sale to Destination Pet, a leading national pet care provider. to Roscoe Bed + Bark is a dog daycare, boarding and grooming service provider. Charles BotchwayCEO of Madison Street Capital, the managing director has been announced James Cohen led the Madison Street Capital team. Terms of the transaction were not disclosed.
Founded in 2015 and based in Portland, Maine, to Roscoe Bed + Bark has an excellent reputation offering 24/7/365 supervised dog daycare, sleepovers, and grooming services in its 13,300 sq ft facility, equipped with air conditioning, heat, and a high purification filter system including the UV light purification, which ensures the dog’s safety. in extreme weather conditions. The father-daughter team started the business to give pet parents a less stressful, more transparent dog daycare option.
Ashley Caywoodco-founder of to Roscoe Bed + Bark said, “We engaged Madison Street Capital initially to conduct a valuation for our business with the longer term goal of bringing the business to market. But once we started working with the MSC team, it was clear that they were smart, dedicated, professional, and exactly the right team to help us sell. From valuation to due diligence to going to market, each step of the process is part of a well-oiled machine designed to make it easy for us to market and sell our business for the best value . Finally, we are confident Madison Street’s work to leverage their network and create a bidding environment, their guidance to navigate the differences of each offer, and their wise leadership through the overall process led us to obtain the maximum value in our business – with a quick and smooth timeline for closing. Overall, working with Madison Street Capital exceeded our expectations, and we are excited to have them represent us through this transaction.
James Cohenmanaging director of Madison Street Capital, who led the engagement, commented: “to Roscoe is a family-run organization that always puts its customers and their pets first. Ashley and Adam built the business from the ground up while continuing to maintain best in class policies. Their strong customer relationships, operational leadership, and talented pet care team have enabled the business to become a leader in their region and a true success story. The whole Madison Street The team values Ashley and Adam’s partnership and is excited to see them to Roscoe continue to succeed and expand as a member of the Destination Pet family.”
Jennifer Strickland FowlerCEO of Destination Pet, expressed his enthusiasm for the acquisition, saying, “We are incredibly excited to welcome to Roscoe Bed + Bark employees in the Destination Pet pack. This addition of to Roscoe Bed + Bark aligns with our commitment to enhancing the lives of pet families across the country and strengthens our position in the marketplace as a leading player in the pet care space. to Roscoe outstanding reputation enhances our portfolio, and their commitment to exceeding their pet families’ expectations is matched by our own. Together, we will continue to raise the bar in pet care.”
