A Coventry pet shop has changed hands after being acquired by pet food, toy and accessories retailer Jollyes.
Bannerbrook Pets, in Gramercy Park on Banner Lane, was established by entrepreneurs Steve Teasdale and Andy Gattner in 2004 as an independent pet store.
Over the years, it has built up a loyal following in Coventry, which the company says is due to its customer service and selection of hard-to-find premium brands.
Now the store has been acquired by Kester Capital-backed Jollyes for an undisclosed sum.
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Jollyes says the deal – which comes just a month after its acquisition of The Pet Store and its three locations in Yorkshire – will help accelerate its growth plans.
Richard Cotter, Executive Chairman of Jollyes, said: “Steve and Andy have built a fantastic business that has developed a dedicated customer base in the region.
“While we acted quickly, the acquisition is the culmination of weeks of detailed negotiations to ensure Steve and Andy were comfortable with the deal.
“We are delighted with this latest addition to our family which marks another important milestone in our growth plans and brings Jollyes to a new Midlands location.”
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Steve and Andy initially had two stores in Bedworth, Warwickshire, but when the opportunity arose to combine them into one, they moved into a 3,000 square foot store on the site of a former factory. tractors at Banner Lane where they ran the business. since 2011.
The pair said: “All of us at Bannerbrook Pets can’t wait to wear the iconic red Jollyes fleece. Over the past few months we’ve gotten to know the Jollyes team well and they’ve been fantastic to deal with through this whole process. .
“Finding a buyer who shares the same culture and values as us was very important to us and we look forward to working with them as they take the business to the next level.”
Bannerbrook Pets will complement Jollyes’ existing Midlands outlets in Willenhall, Cannock and Kettering.
The company now plans to open more new stores through the targeted strategic acquisition of smaller pet retailers and the taking of new leases in locations in Britain and Northern Ireland.