Greencross
Australian pet care company
From Wikipedia, the free encyclopedia
Greencross is an Australian pet care company. It operates the Petbarn and Greencross Vets chains in Australia. It jointly owns the Animates chain in New Zealand with EBOS Group. Founded in 1994 by veterinarian Glen Richards, the company went public on the Australian Securities Exchange in 2007 before being purchased by TPG Capital in 2019.
 | |
| Company type | Private |
|---|---|
| Industry | Pet products and services |
| Founded | 1994 |
| Founder | Glen Richards |
| Owner | TPG Capital |
| Website | www |
History
Greencross was founded in 1994 by veterinarian Glen Richards. While practicing companion animal medicine and surgery in Townsville, he purchased Currajong veterinary hospital. This was the start of Greencross.[1]
The company expanded by purchasing and consolidating veterinary services through Australia and went public on the Australian Securities Exchange in 2007, becoming the first veterinary practice in Australia to do so.[1]
In June 2013, Greencross acquired the Pet Cemetery & Crematorium in Greenbank for $1.45 million.[2] In 2014, Greencross acquired Mammoth Pet Holdings, the parent of the Petbarn chain in Australia and the Animates chain New Zealand.[3] Later that year, it acquired the Western Australian-based City Farmers chain of 21 stores for $205 million.[4]
In February 2019, it was announced that TPG Capital would purchase Greencross and take it private for A$675 million in cash and scrip.[5]
In February 2022, TPG sold a 45 per cent stake in Greencross to AustralianSuper and the Healthcare of Ontario Pension Plan.[6][7]
In late 2023, EBOS Group attempted to purchase Greencross for A$3.75 billion. However, the deal was called off after weak demand from EBOS's investors to fund the takeover.[8]
Divisions
- Petbarn – Australian pet store chain[3]
- Greencross Vets[6]
- Animates – New Zealand pet store chain.[3] The chain is a 50-50 joint venture with EBOS Group.[9]