Author: Digger Insights

A $2.3 Billion Deal for Better Global Pet Care ServicesThe global pet industry is huge, with Bloomberg Intelligence predicting growth to $500B by 2030. In the US, 66% of households, equivalent to 86.9 million homes, own a pet, with average annual spending per pet owner of $1480 in 2023.This makes operating in the industry an opportunistic venture for professionals, businesses, and organizations. The big online marketplace company Rover got the idea, which provides pet owners with a variety of pet-related services.Recently, investment and asset management firm Blackstone acquired Rover in an all-cash deal of approximately $2.3B, which is expected to…