PetIQ

Veterinary services and pet care products

Eagle, Idaho, United States

About PetIQ

PetIQ provides a range of veterinary services and products aimed at making pet care more accessible and affordable for pet owners. Their offerings include flea and tick treatments, health and wellness products, prescription medications, and pet treats. PetIQ operates veterinary clinics and wellness centers, allowing them to deliver direct services to pet owners. The company manages multiple stages of its supply chain, from research and product development to manufacturing and distribution, which helps maintain high-quality standards and cost efficiencies. Unlike many competitors, PetIQ emphasizes a customer-focused approach, constantly adapting to meet customer needs and enhance service quality. Their goal is to lead the veterinary services market by providing comprehensive, affordable pet care solutions while also supporting community initiatives like pet shelters and rescue programs.

Eagle, IdahoHeadquarters
2010Year Founded
IPOCompany Stage
Social Impact, HealthcareIndustries
501-1,000Employees

Risks

Increased competition from major retailers like Walmart could impact PetIQ's market share.
Strategic shifts post-acquisition by Bansk Group may disrupt existing operations.
Legal issues with former general counsel could lead to reputational damage.

Differentiation

PetIQ's vertically integrated model ensures high-quality and cost-efficient pet care products.
The company offers a comprehensive range of veterinary services and health products.
PetIQ's focus on innovation and customer service sets it apart in the industry.

Upsides

The Bansk Group acquisition provides capital for product development and distribution expansion.
PetIQ benefits from the growing trend of telehealth services for pets.
The expanding pet healthcare market offers substantial growth opportunities for PetIQ.

Funding

Total raised$1.5 K
Latest valuation$1.50 B
StageIPO
BUYOUT
7/31/2024
$1.5 K
$1.50 B