Pet Supplies Plus, a subsidiary of Franchise Group IncFRG, said their largest multi-unit operator, US Retail Holdings, signed a deal to purchase 29 Wag’ N Wash stores. The financial details were not disclosed.
This agreement follows their previous development announcement to open 20 additional Pet Supplies Plus stores over the next five years.
Over the next four years, most Wag N’ Wash stores will be opened across Nashville and Dallas.
US Retail Holdings’ business partners include Aaron Young, Chad Bush, and Doug DeLozier.
“This allows more neighbors to be served and existing Pet Supplies Plus owners to be first-to-market, with a specialty dog service and retail store front,” said Chris Rowland, CEO of Pet Supplies Plus and Wag N’ Wash.
Price Action: FRG shares are trading lower by 0.87% at $25.00 on the last check Tuesday.
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