Pet Supplies "Plus" Franchise News

FARMINGTON HILLS, Mich.--(BUSINESS WIRE)--Pet Supplies Plus (“PSP”) announced today that it has completed the acquisition of its largest franchisee, consisting of twelve stores in Northeast Pennsylvania. PSP, a portfolio company of Irving Place Capital, is the third-largest pet specialty retailer in the United States.
PSP’s Northeast Pennsylvania franchisee opened its first store in Wilkes-Barre in 1995. Over the past sixteen years, the group has expanded to twelve successful stores in the region.
Dave Bolen, CEO of Pet Supplies Plus, said, “Our Northeast Pennsylvania franchisee is not only the largest in our system, but is also one of the best-managed franchise operations. We are looking forward to building on the success of these stores as we expand our footprint in the region...

FARMINGTON HILLS, Mich.--(BUSINESS WIRE)--Pet Supplies Plus (PSP) announced today that Harvey Solway, Executive Chairman of the company, is retiring effective December 31, 2011. PSP, a portfolio company of Irving Place Capital, is the third-largest pet specialty retailer in the United States.
“I have been part of the Pet Supplies Plus family for two decades, and have seen the business evolve from an entrepreneurial organization to one that is well-positioned to become a leading nationwide pet specialty retailer”
Mr. Solway, 60, began his twenty-year career with Pet Supplies Plus as Executive Vice President and General Counsel and served as the company’s CEO from January 1993 through June 2011. Mr. Solway led PSP through its formative years and was instrumental in growing the business to its 92 corporate and 159 franchise stores today...