Chewy, Inc. (NYSE:CHWY) entered into a definitive agreement to acquire SmartPak Equine, LLC from Covetrus, Inc. on October 30, 2025. The deal is an all-cash transaction that Chewy anticipates financing through its existing balance sheet. The transaction is subject to regulatory approvals and other customary closing conditions and is expected to close in Chewy?s fourth quarter of fiscal year 2025.
Lincoln International LLC is serving as financial advisor to Covetrus. Benjamin Goodchild of Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as legal advisor to Chewy, Inc.
Chewy, Inc. is a pure-play e-commerce company geared towards pet products and services for dogs, cats, fish, birds, small pets, horses, and reptiles. The Company's brands include A Pet Hub, Bark and Slumber, B&G Martin, Babyliss Pro Pet, C&F, Nutro, ORIJEN, NexGard, Frisco and others. It offers quality pet food, treats and supplies, and pet healthcare products. The Company's product offerings include Food products such as dry food, wet food, veterinary diets and food toppings; Treat products, such as treat products, such as soft and chewy treats, biscuits, cookies and crunchy treats, dental treats, jerky treats, bones, bully sticks and natural chews; Vitamin and supplements, such as Hip & Joint, Digestive Health & Probiotics, Multivitamins, Heart & Liver and others, and Healthcare products such as Dental Care, First Aid & Recovery, Ear Care, Eye Care, Milk Replacers, DNA Tests and others. It serves its customers through its retail Website, www.chewy.com, and its mobile applications.
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