Tractor Supply will purchase the privately held online pet pharmacy Allivet in an all-cash transaction that the retailer plans to fund through its balance sheet. Purchase price information for the deal, which is expected to close in Q1 2025, was not released. For the past several years, Tractor Supply has offered digital pet pharmacy services by leveraging the Allivet PetRx platform.
“This acquisition enhances the benefits we can offer to our 37 million Neighbor’s Club members with an easy and cost-effective solution to obtain medications and specialty items for their pets and livestock,” said Hal Lawton, President and CEO of Tractor Supply in a statement. “Allivet is a best-in-class platform with an exceptional management team and a robust financial profile. This strategic tuck-in acquisition exemplifies our commitment to delivering value and growth as we expand our total addressable market.”
With this acquisition, Tractor Supply foresees significant opportunity to gain share of wallet with its loyalty program members, approximately 75% of whom are pet owners. The retailer anticipates leveraging its store footprint and digital offerings to expand Allivet’s reach.
Tractor Supply also operates Petsense by Tractor Supply, a small-box pet specialty retailer with 205 stores in 23 states. The retailer as a whole has 2,270 stores in 49 states.
Advertisement
