BMO Sponsor Finance provided debt financing for the transaction. The amount of the deal was not disclosed.
The company will use the proceeds to continue to grow its business reach.
Founded in 2007, TDBBS operates a portfolio of brands, including Best Bully Sticks, Barkworthies, and Paw Luxury, which provides bully sticks, antlers, bones, jerky, and other natural chews.
In addition to the investment, the company announced the appointment of Tim Hassett as new CEO. Mr. Hassett joined the company from Beam Suntory, where he was President – Americas. He previously spent 10 years at Campbell Soup as Chief Customer Officer for the North America business, and also served at Kellogg’s and Procter & Gamble. Following the investment, Avrum Elmakis, TDBBS’s founder, and the management team, will remain significant shareholders in the business.