Tractor Supply To Acquire Online Pet Pharmacy Allivet

Tractor Supply has acquired the online pet pharmacy Allivet, which will introduce a convenient, low-cost pet and animal pharmacy solution for the company’s 37 million Neighbor’s Club members. This Tractor Supply loyalty program assists its members by helping them earn benefits for shopping at the retailer, and now, it will work with customers to facilitate their pets’ medical needs.

The company made the acquisition announcement on Oct. 24 in a press release. Allivet’s PetRx platform has already been partnering with Tractor Supply for the past few years to offer digital pet pharmacy services under the Tractor Supply brand.

“We are pleased to announce the acquisition of Allivet, a leading online pet pharmacy. This acquisition enhances the benefits we can offer to our 37 million Neighbor’s Club members with an easy and cost-effective solution to obtain medications and specialty items for their pets and livestock. Allivet is a best-in-class platform with an exceptional management team and a robust financial profile. This strategic tuck-in acquisition exemplifies our commitment to delivering value and growth as we expand our total addressable market. We look forward to welcoming the Allivet team to Tractor Supply,” said Hal Lawton, Tractor Supply’s president and CEO.

This new program will help Tractor Supply shoppers who share their lives with companion animals, equestrians, and livestock. Many of the company’s items are geared toward these customers, and the benefits of having an online pharmacy for these animals will make caring for them much easier.

How Will Working With Allivet Benefit Tractor Supply Customers?

Tractor Supply enters pet pharmacy market with Allivet acquisition.

The agreement is expected to increase the US retailer’s total addressable market by $15 billion (€13.8B).#PetRetail #Acquisition #PetCareIndustry

Learn more: https://t.co/mP0LnqFzlz

— GlobalPETS (@GlobalPETSnews) October 25, 2024

Per Tractor Supply, its partnership with Allivet benefits the company’s customers, who tend to different types of animals. Allivet is fully licensed in all 50 states and has three distribution centers.

This allows the company to serve its customers and their animal pharmacy needs with next-day delivery. The company prescribes brand-name medications, gives pet owners advice, and schedules automatic delivery with its auto-ship program.

Ujjwal Dhoot, chief executive officer of Allivet, said, “We are excited for Allivet to join forces with Tractor Supply. With Tractor Supply, we can expand our reach and bring the purpose of our product offering and website to millions of customers. As part of Tractor Supply, we will accelerate our growth and innovation to continue to help pets live long healthy lives by making it easier for pet owners to care for them.”

The transaction should be completed during the first quarter of 2025. The company currently operates 2,270 Tractor Supply stores in 49 states.