Greencross is an Australian pet care company. It operates the Petbarn, City Farmers and Greencross Vets chains in Australia. It jointly owns the Animates chain in

New Zealand New Zealand () is an island country in the southwestern Pacific Ocean. It consists of two main landmasses—the North Island () and the South Island ()—and List of islands of New Zealand, over 600 smaller islands. It is the List of isla ...

with

EBOS Group EBOS Group Limited is the largest marketer, wholesaler, and distributor of medical, and pharmaceutical products in Australasia. It is also a major provider of animal care products. History EBOS was founded in 1922 as Early Brothers Trading Com ...

. Founded in 1994 by veterinarian Glen Richards, the company went public on the

Australian Securities Exchange Australian Securities Exchange Ltd (ASX) is an Australian public company that operates Australia's primary Exchange (organized market), securities exchange, the Australian Securities Exchange (sometimes referred to outside of Australia as, or c ...

in 2007 before being purchased by

TPG Capital TPG Inc., previously known as Texas Pacific Group and TPG Capital, is an American private equity firm based in Fort Worth, Texas. TPG manages investment funds in growth capital, venture capital, public equity, and debt investments. The firm in ...

in 2019.

History

Greencross was founded in 1994 by veterinarian Glen Richards. While practicing companion animal

medicine Medicine is the science and Praxis (process), practice of caring for patients, managing the Medical diagnosis, diagnosis, prognosis, Preventive medicine, prevention, therapy, treatment, Palliative care, palliation of their injury or disease, ...

and surgery in Townsville, he purchased Currajong veterinary hospital. This was the start of Greencross. The company expanded by purchasing and consolidating veterinary services through Australia and went public on the

in 2007, becoming the first veterinary practice in Australia to do so. In June 2013, Greencross acquired the Pet Cemetery & Crematorium in Greenbank for $1.45 million. In 2014, Greencross acquired Mammoth Pet Holdings, the parent of the Petbarn chain in Australia and the Animates chain New Zealand. In February 2019, it was announced that

would purchase Greencross and take it

private Private or privates may refer to: Music * "In Private", by Dusty Springfield from the 1990 album ''Reputation'' * Private (band), a Denmark-based band * "Private" (Ryōko Hirosue song), from the 1999 album ''Private'', written and also recorded ...

for in cash and

scrip A scrip (or ''wikt:chit#Etymology 3, chit'' in India) is any substitute for legal tender. It is often a form of credit (finance), credit. Scrips have been created and used for a variety of reasons, including exploitative payment of employees un ...

. In February 2022, TPG sold a 45 per cent stake in Greencross to

AustralianSuper AustralianSuper is an Australian superannuation fund headquartered in Melbourne, Victoria. It is an industry super fund, and so operates through a mutual fund structure. With over 340 billion of retirement savings under management and more t ...

and the Healthcare of Ontario Pension Plan. In April 2023, Greencross acquired Habitat Pet Supplies, a Melbourne-based pet store chain with five stores. Greencross plans to merge it with its Petbarn business. In late 2023,

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.

Divisions

* Petbarn – Australian pet store chain * City Farmers * Greencross Vets * Animates – New Zealand pet store chain. The chain is a 50-50 joint venture with

References

External links

Official website
{{Pet stores Pet stores Pets in Australia TPG Capital companies Retail companies of Australia 1994 establishments in Australia Retail companies established in 1994 Companies formerly listed on the Australian Securities Exchange