Heritage Capital Group Announces the Successful Sale of 12 Pet Paradise Properties
AUGUST 2016 - Heritage Capital Group is pleased to announce the successful sale of 12 Pet Paradise Resort and Day Spas® sunbelt properties to an undisclosed institutional investor. The Heritage team, led by Bill Nicholson, initiated the transaction and negotiated the sale-leaseback on behalf of the ownership group of Pet Paradise. Pet Paradise will continue to operate these locations.
Pet Paradise is a Jacksonville-based premier provider of upscale, state-of-the-art pet daycare, spa, and boarding services.
Pet Paradise was founded by Fred Goldsmith, a pet owner and entrepreneur with experience in the hotel software business. Recognizing an unmet need in the Jacksonville market for convenient and quality pet care facilities, he led a group of investors who bought the first Pet Paradise resort in December 2002. In 2005, they built the first airport prototype location in Jacksonville. There are currently 26 locations across seven states with over 700 employees.
Fred Goldsmith commented, “We are really pleased with this recent partnership. This transaction will provide the company with the resources and flexibility to manage our plans for continued growth and expansion into additional cities and states. We are very grateful to the team at Heritage for their expert guidance and assistance throughout the process.”
Heritage Capital Group is an independent investment banking and financial advisory firm serving middle-market and emerging growth companies in the U.S. and worldwide. For more than 39 years, Heritage has provided objective advice to private companies in the areas of mergers, acquisitions and divestitures; business valuations; debt and equity capital raises; corporate restructurings; and financial and strategic advisory services focused on enhancing the value of business enterprises. Heritage Capital Group is a FINRA registered broker-dealer and the Florida office of M&A International Inc, a global organization of 650 professionals comprising 47 firms in 40 countries.