Tractor Supply Closes Acquisition of Allivet, a Leading Online Pet and Animal Pharmacy
December 30 2024 - 10:35AM
Business Wire
Acquisition expands retailer’s addressable
market by $15 billion; Provides $1 billion revenue opportunity at
full scale
Tractor Supply Company (NASDAQ: TSCO), the largest rural
lifestyle retailer in the United States, announced today that it
has completed its acquisition of Allivet, a privately-held online
pet pharmacy. The plans to acquire Allivet were previously
announced on October 24, 2024.
“We’re very excited to officially welcome the Allivet team to
the Tractor Supply family,” said Hal Lawton, president and chief
executive officer of Tractor Supply. “This acquisition complements
and expands our existing ‘Life Out Here’ product and services
line-up. We look forward to providing our 37 million Neighbor's
Club members with a value-oriented pet and animal prescription
service and introducing Tractor Supply to Allivet's customers."
The acquisition of Allivet expands the company’s total
addressable market by $15 billion to $225 billion.
Since its founding in 1992, Allivet has grown to be a leading
online pet and animal 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.
Financial terms of the acquisition were not disclosed.
About Tractor Supply
Company
For more than 85 years, Tractor Supply Company (NASDAQ: TSCO)
has been passionate about serving the needs of recreational
farmers, ranchers, homeowners, gardeners, pet enthusiasts and all
those who enjoy living Life Out Here. Tractor Supply is the largest
rural lifestyle retailer in the U.S., ranking 293 on the Fortune
500. The Company’s more than 50,000 Team Members are known for
delivering legendary service and helping customers pursue their
passions, whether that means being closer to the land, taking care
of animals or living a hands-on, DIY lifestyle. In store and
online, Tractor Supply provides what customers need – anytime,
anywhere, any way they choose at the low prices they deserve.
As of September 28, 2024, the Company operated 2,270 Tractor
Supply stores in 49 states. For more information on Tractor Supply,
visit www.tractorsupply.com.
Tractor Supply Company also owns and operates Petsense by
Tractor Supply, a small-box pet specialty supply retailer providing
products and services for pet owners. As of September 28, 2024, the
Company operated 205 Petsense by Tractor Supply stores in 23
states. For more information on Petsense by Tractor Supply, visit
www.Petsense.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20241230386281/en/
Tricia Whittemore (615) 440-4410 Mary Winn Pilkington (615)
440-4212 corporatecommunications@tractorsupply.com
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