BRENTWOOD, TENN. — Tractor Supply Company, the largest rural lifestyle retail store chain in the U.S., has paid $116 million to acquire 100 percent of Petsense LLC, a specialty retailer of pet supplies and services.
Tractor Supply Co. has a store in Galesburg. There are no Petsense stores in Illinois or Iowa.
Petsense will operate as a subsidiary of Tractor Supply Company from Petsense's current headquarters in Scottsdale, Ariz. Tractor Supply plans to expand Petsense's store base by 15 to 20 percent a year and will convert its two existing HomeTown Pet stores to Petsense stores.
"The pet industry represents a $60 billion market driven by favorable pet ownership trends and the continued humanization of pets by their owners," said TSC's CEO Greg Sandfort. "We believe the pet specialty industry is an attractive expansion opportunity and, with 136 stores across 25 states, we think Petsense is an excellent complement to our Tractor Supply retail operations."
