Pryor Cashman Client SPOT Canine Club Acquired by AKC Pet Care
On June 26, 2017, Pryor Cashman client SPOT Canine Club (SPOT), a provider of premium pet care services in New York City, was acquired by AKC Pet Care LLC, an affiliate of the American Kennel Club.
As part of the transaction, AKC Pet Care purchased all of SPOT’s Manhattan facilities, which included locations in Tribeca, Chelsea, the Upper West Side, Midtown West and the Upper East Side, as well as spaces in two luxury residential buildings’ onsite amenities areas.
In a press release announcing the deal, Dennis Sprung, President and CEO of AKC Pet Care stated, “SPOT Canine Club is a well-respected brand in the pet care space. We are excited to expand our business and create a strong foundation on which we can continue to provide the best-in-class pet care.”
AKC Pet Care will invest in the existing locations to update them into industry-leading facilities.
The Pryor Cashman Team
Leading the representation of SPOT was Partner Lawrence Spector of Pryor Cashman’s nationally recognized Corporate Group, with assistance from Corporate Counsel Robert Lamonica and Associates Francesca Djerejian and Gene Levin. Partner Michael Dunworth and Counsel Rebecca Schmutter advised on the tax-related aspects of the deal.
More About Pryor Cashman's M&A Practice
Pryor Cashman’s M&A attorneys service domestic and international clients from a broad range of industries, including energy, software, technology, advertising, apparel, retail and life sciences, on all varieties of business combinations.
To learn more about our experience handling joint ventures, strategic alliances, collaborative arrangements, equity and asset purchases, unsolicited leveraged buyouts, spinoffs and restructurings, please visit our M&A practice page.
