VMG Partners said Tuesday that it purchased Waggin’ Train LLC, a marketer of all-natural, all-meat pet treats, for undisclosed terms. The target’s dog treats, including Chicken Tenders and liver-filled Meat Blast Porkhide Twist, are sold nationwide.
BMO Capital Markets advised VMG and acted as lead arranger on the senior debt financing. Churchill Financial and Babson Capital backed the deal with senior debt and mezzanine debt, respectively. San Francisco-based VMG focuses solely on branded consumer products companies in the lower middle market.
Full coverage will come later in The Daily Deal and on TheDeal.com. — Christine Idzelis
See press release at peHUB
