In our latest podcast (click here), we sit down with Shane Young (Founder and Chief Executive Officer) and Adam Loriente (Head of Corporate Development, Strategy & M&A) from PETstock Group – a story that started 30 years ago with one store in regional Victoria to the present, leading privately-owned omni-channel pet specialty retailer with international operations.
Shane and Adam share their stories and perspectives on:
PETstock’s successful growth journey and passion for retail – ‘from 1 store 30 years ago (as a 19-year-old) …’ to ‘international expansion’
defining decisions and investments – ‘our greatest learnings are when we make errors…’
key focus areas in executing M&A and capital allocation – ‘a combination of art and science’
the importance of finding the right capital partners and working in partnerships – ‘business growth has been largely funded by debt’
explaining why there is significant private equity interest in the petcare industry – ‘a growing, resilient category’
advice to company owners & management teams on dealing with the challenges of growth – ‘collaborate’ and ‘mitigate the reasons to fail’
We are delighted to share the PETstock story – it is truly a wonderful example of what can be achieved when an ambitious management team with a thoughtful strategic plan has access to the capital required to grow.