Chewy, Inc. acquired by PetSmart, Inc.
PetSmart, Inc. acquired Chewy, Inc., a US online pet retail brand, on May 31, 2017.
Transaction summary
- Target
- Chewy, Inc.
- Acquirer
- PetSmart, Inc.
- Seller
- -
- Announced
- 2017-04-18
- Geography
- United States
- Type
- Acquisition
- Deal type
- Control
- Stake acquired
- -
- First added
- 2026-10-04
- Latest update
- 2026-10-21
Value and multiples
100% enterprise value
USD 3.4B
100% enterprise value | USD
Basis: Estimated
Reported price is assumed to be 100% EV unless stated otherwise. Partial-stake estimates are qualified in the basis notes.
EV / revenue
3.72x
Period: Year Ended December 31, 2016
Basis: Derived from source data
EV / EBITDA
-
EBITDA basis not stated
Basis: FundComb estimate
Amounts paid and other reported values
Original reported amounts and bases; a stake payment is distinct from the estimated whole-company valuation.
Consideration: USD 3.4B
Disputed press-reported USD3.35bn cash acquisition price; transaction terms undisclosed, another account called the price inaccurate.
Basis
- Chewy acquisition terms were undisclosed. A disputed press report of USD 3.35bn cash consideration is used as the estimated whole-company EV; another account called the price inaccurate. USD 3.35bn / FY2016 pre-acquisition net sales of USD 900.566m, reported in Chewy’s SEC filing, gives approximately 3.72x. The same filing reports FY2016 adjusted EBITDA of negative USD 97.114m, so no EBITDA multiple is shown. FY2017 sales of USD 2.104bn span the acquisition and end January 28, 2018, so they are not used as the pre-acquisition revenue.
Source summary
Chewy, Inc. Form S-1/A
EstimatedOn May 31, 2017, the Company was acquired by PetSmart, Inc.
Open sourceChewy, Inc. Form S-1/A
EstimatedLoss from operations (107,427 ) (13,974 ) (337,851 ) (267,766 )
Open sourcePetSmart Buys Online Pet Retail Rival Chewy.com
EstimatedWhile terms of the transaction weren’t disclosed by the parties
Open sourcePetSmart Buys Online Pet Retail Rival Chewy.com | Fortune
EstimatedPetSmart has agreed to acquire online pet retailer Chewy .com
Open sourcePetSmart Buys Online Pet Retail Rival Chewy.com | Fortune
Estimatedacquisition price at $3.35 billion in cash
Open sourceContinue your research
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