Tractor Supply Co. to Acquire Online Pet Pharmacy Allivet

USAgNet - 10/28/2024

Tractor Supply Company announced it has signed a definitive agreement to acquire Allivet, a privately held online pet pharmacy. The acquisition of Allivet will complement and strengthen Tractor Supply's portfolio offering for companion animals, equestrian and livestock customers and unlock new opportunities for growth. This acquisition will also allow the Company to introduce a convenient, low-cost pet and animal pharmacy solution for its 37 million Neighbor's Club members.

Compelling Strategic Benefits to Tractor Supply

*Creates significant opportunity to gain share of wallet with its 37 million Neighbor's Club members, approximately 75% of whom are pet owners

*Complements and strengthens existing product and services offering

*Expands the Company's total addressable market by $15 billion

*Solidifies longstanding partnership between companies

*Leverages strong financial profile of Allivet with expected diluted earnings per share accretion in year one

The Company anticipates leveraging its store footprint and digital offerings to expand Allivet's reach and sales opportunity. For the last several years, Allivet's PetRx platform has been a partner with Tractor Supply to offer digital pet pharmacy service under the Tractor Supply brand.

Since its founding in 1992, Allivet has grown to be a leading online pet pharmacy fully licensed in all 50 states with three distribution centers that allow it to efficiently serve the needs of its customers and reach a large majority of the U.S. with next day delivery. Allivet has a proven platform to make pet parenting easier by providing convenient access to brand-name medications, expert pharmacy advice and automatic delivery with its auto-ship program.

« Return to Home Page