Posted: August 6, 2014, 3:50 p.m. EDT
By Clay Jackson
As the pet industry maintains its robustness and retains a nearly recession-proof Teflon shield, players from within and without the industry continue to jockey to scoop up valuable pet industry properties.
VCA Inc., a nationwide network of more than 600 animal hospitals headquartered in Los Angeles, is one of the latest examples, as it has revealed that it has purchased Camp Bow Wow, a Broomfield, Colo.-based franchisor of dog daycare and overnight boarding centers, for an undisclosed amount.
Heidi Ganahl and her brother started Camp Bow Wow in 2000 in Denver.
In 2003, Camp Bow Wow adopted the franchise model and has grown to where today it employs more than 3,500 people in 122 camps and seven house-call franchises in the U.S. and Canada.
Since its inception, Camp Bow Wow has sold 152 franchises.
In 2013, the Camp Bow Wow brand produced $71 million in franchise sales, with the head office collecting some $4 million in fees from its franchisees, according to The Wall Street Journal.
The stock market responded favorably to the news, with VCA stock closing up almost 1 percent to $37.51 a share, noted TheStreet.com.
Ganahl, who plans to hire a president to run the brand’s daily operations, will continue as Camp Bow Wow’s CEO under the deal, according to The Wall Street Journal.
"Staying on as CEO will enable me to continue to build on the success of Camp Bow Wow and to be a part of a dedicated top-tier animal health care company,” Ganahl said.
"We are excited by the opportunity to combine the individual and shared strengths of our two companies to bring a new level of resources to VCA’s pet patients, and a new level of health resources to Camp Bow Wow patrons,” said Bob Antin, VCA chairman, president and CEO.
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