US-based private-equity firm Entrepreneurial Equity Partners has invested in family-owned pet-food company Bil-Jac Foods.
The companies did not disclose the financial terms of the transaction nor the size of the investment interest in a joint statement.
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Established over 75 years ago, Bil-Jac Foods offers “premium” dog food and treats. The product range includes dry kibble, soft and chewy treats, as well as wet-food and frozen variants catering to various nutritional needs.
The company operates facilities in Berlin, Maryland, and Medina, Ohio.
Ryan Schweet, a partner at Entrepreneurial Equity Partners, said: “Bil-Jac has a stellar legacy of producing superior pet products, and we are committed to supporting Bil-Jac’s growth with additional resources to better serve the needs of our customers.
The investor added it will “support Bil-Jac in continuing to deliver premium products to its customers while helping the brand reach its next stage of growth”.
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By GlobalDataIn conjunction with the investment, Ray Kelly, whose father founded Bil-Jac in 1947, also joined the pet-food company’s board.
Meanwhile, former Petco CEO Ron Coughlin has joined Bil-Jac’s board of directors as executive chairman and an investor.
Coughlin said: “Bil-Jac is an iconic and highly respected brand with a rich history and deep trust among pet parents”.
He added that he will assist the company to “develop a strategic growth plan that ensures even more dogs can benefit from Bil-Jac’s commitment to quality, nutrition and care”.
