Pet Supplies Plus

Is Pet Supplies Plus a subsidiary of another company?
Pet Supplies Plus operates as an independent private company under PSP Franchise Operations SPV, LLC. It was owned by Franchise Group from 2021 to 2025, but separated in December 2025 into a standalone entity financed through securitization. It has no corporate parent in the conventional sense.

Is Pet Supplies Plus publicly traded?
No. Pet Supplies Plus is privately held and its shares are not listed on any exchange. Its franchise operations run through a securitized private structure established when it separated from Franchise Group in December 2025.

When was Pet Supplies Plus founded?
Pet Supplies Plus was founded in 1988 by Harry Shallop and Jack Berry in Redford, Michigan, as a neighborhood pet supermarket. It began franchising in 1991 and expanded to more than 700 stores across the United States.

Who founded Pet Supplies Plus?
Harry Shallop and Jack Berry founded the company in Michigan. Shallop's grocery industry experience shaped the supermarket-style format: smaller, cleaner stores for routine pet food shopping rather than warehouse-scale destination trips.

What is Pet Supplies Plus' market position?
Pet Supplies Plus is the third-largest pet specialty retailer in the United States by store count, behind PetSmart and Petco, and the largest franchise-led player in the category. It operates about 720 stores with system-wide sales near $1.9 billion, ranked 51st on the 2026 Franchise Times Top 400.

Who owns Pet Supplies Plus now?
Since December 2025, Pet Supplies Plus has operated as an independent company financed through a securitization structure, after separating from the bankrupt Franchise Group alongside sister brand Wag 'N Wash. Before Franchise Group's 2021 purchase for $700 million, it was owned by Sentinel Capital Partners.

Harry Shallop and Jack Berry opened the first Pet Supplies Plus in Redford, Michigan, in 1988. Shallop's grocery industry background shaped the concept: a clean, well-organized pet supermarket sized for neighborhood shopping rather than the warehouse-scale format of larger rivals. Franchising began in 1991 and drove steady expansion through the Midwest and beyond.

By the mid-2010s the chain had passed 300 stores and attracted private equity interest. In 2018 Los Angeles-based Sentinel Capital Partners acquired the company, which then had 448 stores split evenly between franchised and corporate locations. Under Sentinel the network grew to 537 stores across 36 states with the franchised share rising toward 60 percent.

In March 2021 Sentinel sold Pet Supplies Plus to Franchise Group, the publicly traded franchise operator, for $700 million. The brand continued expanding past 600 locations and in 2022 acquired Wag 'N Wash, a pet grooming and self-wash concept.

The parent company's fortunes then collapsed. Franchise Group went private in a 2023 management-led buyout valued at $2.6 billion, filed for Chapter 11 bankruptcy protection in 2024, and emerged in 2025 under a restructuring that placed Pet Supplies Plus, Wag 'N Wash, and Buddy's Home Furnishings under an umbrella entity called Fusion Parent. In December 2025 Pet Supplies Plus and Wag 'N Wash formally separated from Franchise Group's remaining business, financed through a low, fixed-rate securitization, and now operate as an independent company under PSP Franchise Operations SPV, LLC.

As of 2026 the network stands at approximately 720 stores with system-wide sales near $1.9 billion, continuing modest growth through franchise expansion despite the ownership turbulence above it.

As a franchise retailer, Pet Supplies Plus' sustainability footprint is modest and distributed across independent store owners. The company participates in pet adoption events through in-store partnerships with local shelters rather than a proprietary charity at PetSmart's scale, and runs community-level programs through franchisees.

It does not publish dedicated ESG reporting, consistent with its private status and franchise structure.

The company's main public scrutiny has come through its former parent rather than its own conduct: Franchise Group's 2024 bankruptcy and restructuring placed Pet Supplies Plus' ownership in the financial press through 2025, until the December 2025 separation resolved the brand's status.

Franchise disclosure documents note the standard regulatory framework for franchisors, and no major FTC actions or brand-level controversies are on record. Store-level animal welfare obligations for small pets sold in some locations follow state and local rules that have tightened in several jurisdictions.