<p xmlns="http://www.w3.org/1999/xhtml" class="prntac"><i xmlns="http://www.w3.org/1999/xhtml">Trans...

<p xmlns="http://www.w3.org/1999/xhtml" class="prntac"><i xmlns="http://www.w3.org/1999/xhtml">Transaction Marks a Key Step in PetIQ&#39;s Evolution into a Leading Branded Pet Health &amp; Wellness Company</i></p><p xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="legendSpanClass">NEW YORK</span>, <span xmlns="http://www.w3.org/1999/xhtml" class="legendSpanClass">May 28, 2026</span> /PRNewswire/ -- Bansk Group (&#34;Bansk&#34;), a consumer-focused private investment firm dedicated to building distinctive consumer brands, today announced that its portfolio company, PetIQ, Inc. (&#34;PetIQ&#34;), has completed the sale of its veterinary services business, VIP Petcare, to Tractor Supply Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/TSCO">TSCO</a>), the largest rural lifestyle retailer in the United States. Financial terms of the transaction were not disclosed.</p>
<p xmlns="http://www.w3.org/1999/xhtml">PetIQ is a leading pet health and wellness company that develops, manufactures and distributes a differentiated portfolio of branded over-the-counter (&#34;OTC&#34;) pet medications and wellness products – including PetArmor&#xAE;, Capstar&#xAE;, Nexstar&#xAE;, Minties&#xAE;, VetIQ&#xAE;, and Rocco &amp; Roxie&#xAE;, among others, available to pet parents through retail and e-commerce channels across more than 60,000 points of distribution nationwide. The sale of VIP Petcare reflects the substantial growth the business has achieved under Bansk&#39;s ownership since 2024, including establishing itself as the nation&#39;s preeminent mobile veterinary care platform.</p><p xmlns="http://www.w3.org/1999/xhtml">&#34;Bansk&#39;s strategy is centered around building exceptional brand-led consumer businesses and when we acquired PetIQ, we saw the opportunity to help shape a category leader in pet health and wellness,&#34; said Chris Kelly, Senior Partner of Bansk Group. &#34;Since then, we&#39;ve partnered closely with PetIQ leadership to enhance and scale VIP Petcare into the largest mobile veterinary care business in the country, while also accelerating PetIQ&#39;s vision to become the leading brand-led pet health and wellness company. Tractor Supply&#39;s acquisition is exactly aligned with the outcome our value creation playbook is designed to produce – and it is a reflection of our ability to build distinctive businesses that attract best-in-class strategic acquirers. We look forward to continuing to work with the PetIQ team to accelerate the growth of its core brands and products business, where we see significant runway ahead.&#34;</p><p xmlns="http://www.w3.org/1999/xhtml">&#34;This transaction marks an exciting new chapter for PetIQ, and we are well-positioned to realize our full potential as a leading brand-led pet health and wellness company,&#34; said Camillo Pane, Chief Executive Officer of PetIQ. &#34;Bansk&#39;s partnership was instrumental in scaling VIP Petcare into the nation&#39;s preeminent mobile veterinary care business, and this outcome is a testament to what we built together. We are confident in what the team will continue to build as part of Tractor Supply Company.&#34;</p><p xmlns="http://www.w3.org/1999/xhtml">William Blair served as financial advisor, and Davis Polk served as legal counsel to Bansk Group and PetIQ. Centerview Partners served as financial advisor, and Sidley Austin served as legal counsel to Tractor Supply.</p><p xmlns="http://www.w3.org/1999/xhtml"><b xmlns="http://www.w3.org/1999/xhtml">About Bansk Group</b></p><p xmlns="http://www.w3.org/1999/xhtml">Founded in 2019, Bansk Group is a New York-based private investment firm focused on investing in and building distinctive consumer brands. With over $5 billion in assets under management, the firm partners with differentiated brands across four primary consumer categories: personal care, consumer health, food &amp; beverage, and household products.</p><p xmlns="http://www.w3.org/1999/xhtml">Bansk&#39;s tenured group of investors and operators have invested more than $30 billion of equity capital across more than 40 transactions with some of the most innovative and well-known consumer companies in the world. With more than three decades of investment experience in the consumer products industry, a global network of relationships, and a tested value creation playbook, Bansk seeks to partner with exceptional founders and management teams to drive outsized organic and acquisitive growth and to position brands for enduring long-term success in the evolving consumer landscape <a xmlns="http://www.w3.org/1999/xhtml" href="https://edge.prnewswire.com/c/link/?t=0&amp;l=en&amp;o=4698297-1&amp;h=3627590772&amp;u=http%3A%2F%2Fwww.banskgroup.com%2F&amp;a=www.banskgroup.com" target="_blank" rel="nofollow">www.banskgroup.com</a></p><p xmlns="http://www.w3.org/1999/xhtml"><b xmlns="http://www.w3.org/1999/xhtml">About PetIQ</b></p><p xmlns="http://www.w3.org/1999/xhtml">Headquartered in Idaho, PetIQ&#39;s purpose is to champion pet parents in raising healthier, happier pets by delivering smarter pet health and wellness solutions that are innovative, accessible, educational, and always effective. PetIQ specializes in developing, manufacturing, and distributing a diverse portfolio of high-quality, branded medications primarily focused on over-the-counter (&#34;OTC&#34;) flea &amp; tick products, dental treats, and other wellness and nutritional products for companion pets. With brands like PetArmor&#xAE;, Capstar&#xAE;, Nextstar&#xAE;, Minties&#xAE;, VetIQ&#xAE;, and Rocco &amp; Roxie&#xAE; and world-class manufacturing and distribution facilities in Omaha, Nebraska, Springville, Utah and Daytona Beach, Florida, PetIQ is able to deliver trusted solutions to help pets live their best lives, every day.</p><p xmlns="http://www.w3.org/1999/xhtml"><b xmlns="http://www.w3.org/1999/xhtml">About Tractor Supply Company</b></p><p xmlns="http://www.w3.org/1999/xhtml">For more than 85 years, Tractor Supply Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/TSCO">TSCO</a>) has been passionate about serving the needs of recreational farmers, ranchers, homeowners, gardeners, pet enthusiasts and all those who enjoy living Life Out Here. Tractor Supply is the largest rural lifestyle retailer in the U.S., ranking 296 on the Fortune 500. The Company&#39;s more than 52,000 Team Members are known for delivering legendary service and helping customers pursue their passions, whether that means being closer to the land, taking care of animals or living a hands-on, DIY lifestyle. In store and online, Tractor Supply provides what customers need – anytime, anywhere, any way they choose at the low prices they deserve.</p><p xmlns="http://www.w3.org/1999/xhtml">As part of the Company&#39;s commitment to caring for animals of all kinds, Tractor Supply is proud to include Petsense by Tractor Supply, a pet specialty retailer, and Allivet, a leading online pet and animal pharmacy, in its family of brands. Together, Tractor Supply is able to provide comprehensive solutions for pet care, livestock wellness and rural living, ensuring customers and their animals thrive. From its stores to the customer&#39;s doorstep, Tractor Supply is here to serve and support Life Out Here.</p><p xmlns="http://www.w3.org/1999/xhtml">As of March 28, 2026, the Company operated 2,435 Tractor Supply stores in 49 states and 206 Petsense by Tractor Supply stores in 23 states. For more information, visit <a xmlns="http://www.w3.org/1999/xhtml" href="https://edge.prnewswire.com/c/link/?t=0&amp;l=en&amp;o=4698297-1&amp;h=1256197549&amp;u=http%3A%2F%2Fwww.tractorsupply.com%2F&amp;a=www.tractorsupply.com" target="_blank" rel="nofollow">www.tractorsupply.com</a> and <a xmlns="http://www.w3.org/1999/xhtml" href="https://edge.prnewswire.com/c/link/?t=0&amp;l=en&amp;o=4698297-1&amp;h=474948540&amp;u=http%3A%2F%2Fwww.petsense.com%2F&amp;a=www.Petsense.com" target="_blank" rel="nofollow">www.Petsense.com</a>.</p><p xmlns="http://www.w3.org/1999/xhtml"><b xmlns="http://www.w3.org/1999/xhtml">Contacts</b></p><p xmlns="http://www.w3.org/1999/xhtml">Bansk Group<br xmlns="http://www.w3.org/1999/xhtml"></br>Woomi Yun / Erik Carlson / Madeline Jones<br xmlns="http://www.w3.org/1999/xhtml"></br>Joele Frank, Wilkinson Brimmer Katcher<br xmlns="http://www.w3.org/1999/xhtml"></br>+1 212-355-4449</p>



<p xmlns="http://www.w3.org/1999/xhtml" id="PURL"><img xmlns="http://www.w3.org/1999/xhtml" title="Cision" width="12" height="12" alt="Cision" src="https://edge.prnewswire.com/c/img/favicon.png?sn=NY69842&amp;sd=2026-05-28"></img> View original content:<a xmlns="http://www.w3.org/1999/xhtml" id="PRNURL" rel="nofollow" href="https://www.prnewswire.com/news-releases/bansk-group-announces-sale-of-petiqs-veterinary-services-business-to-tractor-supply-company-302784502.html" target="_blank">https://www.prnewswire.com/news-releases/bansk-group-announces-sale-of-petiqs-veterinary-services-business-to-tractor-supply-company-302784502.html</a></p><p xmlns="http://www.w3.org/1999/xhtml">SOURCE Bansk Group</p>

TSCO

Bansk Group Announces Sale of PetIQ's Veterinary Services Business to Tractor Supply Company

Tractor Supply to Acquire VIP Petcare, Expanding Rural Pet Services Platform

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>&lt;p xmlns=&quot;http://www.w3.org/1999/xhtml&quot; class=&quot;prntac&quot;&gt;&lt;i xmlns=&quot;http://www.w3.org/1999/xhtml&quot;&gt;Trans...</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Tractor Supply Company has agreed to acquire VIP Petcare from PetIQ’s owner, Bansk Group, completing a strategic divestiture. VIP Petcare is described as the nation’s leading mobile veterinary platform, and the deal could bolster TSCO’s pet-care offerings, driving cross-sell opportunities for OTC products and sales at Petsense and Allivet. Financial terms were not disclosed, so immediate earnings impact remains uncertain.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>VIP Petcare sold to Tractor Supply; terms not disclosed.</li><li>VIP Petcare is the nation&#039;s leading mobile veterinary platform.</li><li>TSCO expands pet services footprint via VIP Petcare acquisition.</li><li>PetIQ refocuses on core OTC brands; VIP sale accelerates strategy.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Tractor Supply Company (TSCO)</strong>: Buyer; acquisition could expand pet-care services and drive cross-sell opportunities; integration risk remains.</li><li><strong>PetIQ, Inc. (PETQ)</strong>: Seller; divesting VIP Petcare to focus on core OTC brands; potential capital redeployment and strategic shift.</li><li><strong>VIP Petcare</strong>: Largest mobile veterinary platform; being sold to TSCO; strategic pivot for PetIQ ecosystem.</li><li><strong>Bansk Group</strong>: Private equity owner; strategy to build brand-led consumer platforms; exit through sale signals value-creation playbook.</li></ul>
  </section>

  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>Category: Corporate Developments. The announcement centers on a strategic divestiture and acquisition, reshaping PetIQ&#039;s portfolio and TSCO&#039;s pet-services capabilities, with potential downstream effects on store traffic and cross-selling dynamics.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>TSCO gains a broader pet-services platform via VIP Petcare integration.</li><li>No financial terms disclosed; near-term earnings impact unclear.</li><li>Cross-sell potential with veterinary services and OTC pet meds could lift store traffic.</li><li>Deal underscores increasing consolidation in the pet-health and wellness space.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Date of news: May 28, 2026.</li><li>Buyer: Tractor Supply Company (TSCO) acquires VIP Petcare from PetIQ.</li><li>Seller: PetIQ’s VIP Petcare business; terms not disclosed.</li><li>VIP Petcare described as the largest mobile veterinary platform in the U.S.</li><li>Tractor Supply operates 2,435 stores in 49 states and 206 Petsense stores in 23 states (as of March 28, 2026).</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Bullish TSCO over 6–12 months on expanded pet-services ecosystem and cross-selling opportunities.</p>
  </section>
</section>


<article>
  <h2>Bansk Group Announces Sale of PetIQ's VIP Petcare Veterinary Services to Tractor Supply Company</h2>

  <p>New York, May 28, 2026 — Bansk Group (“Bansk”), a consumer-focused private investment firm dedicated to building distinctive consumer brands, today announced that its portfolio company, PetIQ, Inc. ("PetIQ"), has completed the sale of its veterinary services business, VIP Petcare, to Tractor Supply Company (NASDAQ: TSCO), the largest rural lifestyle retailer in the United States. Financial terms of the transaction were not disclosed.</p>

  <section aria-labelledby="transaction-details">
    <h3 id="transaction-details">Transaction Details and Business Context</h3>
    <p>PetIQ is a leading pet health and wellness company that develops, manufactures and distributes a differentiated portfolio of branded over-the-counter (OTC) pet medications and wellness products – including PetArmor®, Capstar®, Nexstar®, Minties®, VetIQ®, and Rocco & Roxie®, among others, available to pet parents through retail and e-commerce channels across more than <strong>60,000</strong> points of distribution nationwide. The sale of VIP Petcare reflects the substantial growth the business has achieved under Bansk's ownership since 2024, including establishing itself as the nation's preeminent mobile veterinary care platform.</p>

    <ul>
      <li><strong>VIP Petcare</strong> was the acquired mobile veterinary care platform developed under Bansk's ownership.</li>
      <li>Transaction terms were not disclosed.</li>
      <li>VIP Petcare growth contributed to PetIQ's broader strategy to become a leading <em>brand-led</em> pet health and wellness company.</li>
    </ul>
  </section>

  <section aria-labelledby="leadership-quotes">
    <h3 id="leadership-quotes">Leadership Quotes and Strategic Rationale</h3>
    <p>“Bansk's strategy is centered around building exceptional brand-led consumer businesses and when we acquired PetIQ, we saw the opportunity to help shape a category leader in pet health and wellness,” said Chris Kelly, Senior Partner of Bansk Group. “Since then, we've partnered closely with PetIQ leadership to enhance and scale VIP Petcare into the largest mobile veterinary care business in the country, while also accelerating PetIQ's vision to become the leading brand-led pet health and wellness company. Tractor Supply's acquisition is exactly aligned with the outcome our value creation playbook is designed to produce – and it is a reflection of our ability to build distinctive businesses that attract best-in-class strategic acquirers. We look forward to continuing to work with the PetIQ team to accelerate the growth of its core brands and products business, where we see significant runway ahead.”</p>

    <p>“This transaction marks an exciting new chapter for PetIQ, and we are well-positioned to realize our full potential as a leading brand-led pet health and wellness company,” said Camillo Pane, Chief Executive Officer of PetIQ. “Bansk's partnership was instrumental in scaling VIP Petcare into the nation's preeminent mobile veterinary care business, and this outcome is a testament to what we built together. We are confident in what the team will continue to build as part of Tractor Supply Company.”</p>
  </section>

  <section aria-labelledby="advisors">
    <h3 id="advisors">Advisors to the Transaction</h3>
    <p>William Blair served as financial advisor, and Davis Polk served as legal counsel to Bansk Group and PetIQ. Centerview Partners served as financial advisor, and Sidley Austin served as legal counsel to Tractor Supply.</p>
  </section>

  <section aria-labelledby="about-section">
    <h3 id="about-section">About Bansk Group</h3>
    <p>Founded in 2019, Bansk Group is a New York-based private investment firm focused on investing in and building distinctive consumer brands. With over <strong>$5 billion</strong> in assets under management, the firm partners with differentiated brands across four primary consumer categories: personal care, consumer health, food & beverage, and household products.</p>
    <p>Bansk's tenured group of investors and operators have invested more than <strong>$30 billion</strong> of equity capital across more than 40 transactions with some of the most innovative and well-known consumer companies in the world. With more than three decades of investment experience in the consumer products industry, a global network of relationships, and a tested value creation playbook, Bansk seeks to partner with exceptional founders and management teams to drive outsized organic and acquisitive growth and to position brands for enduring long-term success in the evolving consumer landscape. <a href="https://www.banskgroup.com" target="_blank" rel="nofollow">www.banskgroup.com</a></p>
  </section>

  <section aria-labelledby="about-petIQ">
    <h3 id="about-petIQ">About PetIQ</h3>
    <p>Headquartered in Idaho, PetIQ's purpose is to champion pet parents in raising healthier, happier pets by delivering smarter pet health and wellness solutions that are innovative, accessible, educational, and always effective. PetIQ specializes in developing, manufacturing, and distributing a diverse portfolio of high-quality, branded medications primarily focused on over-the-counter (OTC) flea & tick products, dental treats, and other wellness and nutritional products for companion pets. With brands like PetArmor®, Capstar®, Nextstar®, Minties®, VetIQ®, and Rocco & Roxie® and world-class manufacturing and distribution facilities in Omaha, Nebraska, Springville, Utah and Daytona Beach, Florida, PetIQ is able to deliver trusted solutions to help pets live their best lives, every day.</p>
  </section>

  <section aria-labelledby="about-tractor">
    <h3 id="about-tractor">About Tractor Supply Company</h3>
    <p>For more than 85 years, Tractor Supply Company (NASDAQ: TSCO) has been passionate about serving the needs of recreational farmers, ranchers, homeowners, gardeners, pet enthusiasts and all those who enjoy living Life Out Here. Tractor Supply is the largest rural lifestyle retailer in the U.S., ranking 296 on the Fortune 500. The Company's more than 52,000 Team Members are known for delivering legendary service and helping customers pursue their passions, whether that means being closer to the land, taking care of animals or living a hands-on, DIY lifestyle. In store and online, Tractor Supply provides what customers need – anytime, anywhere, any way they choose at the low prices they deserve.</p>
    <p>As part of the Company's commitment to caring for animals of all kinds, Tractor Supply is proud to include Petsense by Tractor Supply, a pet specialty retailer, and Allivet, a leading online pet and animal pharmacy, in its family of brands. Together, Tractor Supply is able to provide comprehensive solutions for pet care, livestock wellness and rural living, ensuring customers and their animals thrive. From its stores to the customer's doorstep, Tractor Supply is here to serve and support Life Out Here.</p>
    <p>As of March 28, 2026, the Company operated <strong>2,435</strong> Tractor Supply stores in <strong>49</strong> states and <strong>206</strong> Petsense by Tractor Supply stores in <strong>23</strong> states. For more information, visit <a href="https://www.tractorsupply.com" target="_blank" rel="nofollow">www.tractorsupply.com</a> and <a href="https://www.petsense.com" target="_blank" rel="nofollow">www.Petsense.com</a>.</p>
  </section>
</article>

Tractor Supply Company has agreed to acquire VIP Petcare from PetIQ’s owner, Bansk Group, completing a strategic divestiture. VIP Petcare is described as the nation’s leading mobile veterinary platform, and the deal could bolster TSCO’s pet-care offerings, driving cross-sell opportunities for OTC products and sales at Petsense and Allivet. Financial terms were not disclosed, so immediate earnings impact remains uncertain.

Bansk Group Announces Sale of PetIQ's Veterinary Services Business to Tractor Supply Company

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Corporate Developments

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