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Pet StoreM&A Valuation Benchmarks

Median multiples, deal-size medians, named acquirers, and per-bracket multiples — based on 10real M&A transactions in the pet store space.

8.85× median EBITDA0.85× median revenue$632M median deal sizeMarket: growing

State of Pet StoreM&A in 2026

The pet store M&A market is currently trading at a median 8.85× EBITDA (interquartile range 8.56×–9.06×) and 0.85× revenue (interquartile range 0.37×–1.01×), based on 10 disclosed transactions at a median deal size of $632M. The market trend is currently growing.

Recent (2018+) deals are pricing at 9.43× EBITDAa step UP from the all-time median of 8.85×. Multiples have expanded as institutional capital has entered the space.

Active acquirers include Cardone Ventures, LLC, SilverCape Investments Limited, PetMed Express, Inc., Franchise Group. Recent named transactions: PetMed Express, Inc. (2025, $54M); PetMed Express, Inc. (2025, $48.7M); PetCareRx, Inc. (2023, $35.9M).

All figures based on disclosed deals only. Source: SEC filings, EDGAR 8-K/S-4, and verified press releases (10 deals total, 6 with EBITDA, 10 with revenue). Quality grade: yellow.

Median multiples

Metricp25Medianp75Sample
EV / EBITDA8.56×8.85×9.06×6 deals
EV / Revenue0.37×0.85×1.01×10 deals
Deal size (EV)$632M10 deals

Recent (2018+) median: 9.43× EBITDA, 0.85× revenue. Data quality: yellow.

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