Tractor Supply Company, the largest rural lifestyle retailer in the United States, has announced a definitive agreement to acquire Allivet, a privately owned online pet pharmacy. This acquisition aims to enhance Tractor Supply’s offerings for pet, equestrian, and livestock customers while opening new avenues for growth. By bringing Allivet into its portfolio, Tractor Supply plans to introduce a convenient and affordable pet pharmacy option for its 37 million Neighbor’s Club members.
Strategic Benefits for Tractor Supply
- Opportunity to increase wallet share among 37 million Neighbor’s Club members, with 75% being pet owners.
- Expands and strengthens existing products and services.
- Increases the Company’s total addressable market by $15 billion.
- Reinforces a longstanding partnership between the companies.
- Expected to positively impact diluted earnings per share in the first year.
Tractor Supply intends to utilize its extensive store network and digital platforms to boost Allivet’s reach and sales potential. For years, Allivet’s PetRx platform has partnered with Tractor Supply to offer digital pet pharmacy services under the Tractor Supply brand.
Founded in 1992, Allivet has become a leading online pet pharmacy, fully licensed across all 50 states, with three distribution centers enabling efficient, next-day delivery for most U.S. customers. The company’s platform simplifies pet care, providing easy access to brand-name medications, expert pharmacy guidance, and automatic delivery through its auto-ship program.
“We’re thrilled to announce the acquisition of Allivet, which allows us to offer an affordable solution for pet and livestock medications to our 37 million Neighbor’s Club members,” said Hal Lawton, President and CEO of Tractor Supply. “Allivet is an excellent platform with a strong management team and financial foundation. This acquisition aligns with our goal of delivering value and expanding our market.”
Ujjwal Dhoot, CEO of Allivet, added, “We’re excited to join forces with Tractor Supply, which will enable us to reach more customers and further our mission of supporting pet health. Being part of Tractor Supply will accelerate our growth and innovation, making pet care more accessible.”
The transaction, an all-cash deal expected to be financed through Tractor Supply’s balance sheet, is subject to regulatory approvals and is anticipated to close in the first quarter of Tractor Supply’s 2025 fiscal year.
