The amount of the deal was not disclosed. TA Associates has replaced former investor Rosser Capital Partners, which exited its stake in the company as part of the transaction. In conjunction with the funding, William D. Christ and and Jeffrey S. Barber, Managing Directors at TA Associates, will join PetPeople’s Board of Directors.
Co-Founded by Trish Elkind and Michael Elkind, PetPeople is a pet retailer of natural dog and cat foods, treats and supplies currently operating 42 locations in Ohio, Indiana, Michigan, Illinois and North Carolina.
The company plans to leverage the investment to continue to expand its market presence.