Franchise News Release: Dana Point , CA - (Feb-17-2004)

Concentric Equity Partners Invests in Aussie Pet Mobile

Aussie Pet Mobile announced today that Concentric Equity Partners has agreed to make an investment from its equity fund to support the company’s rapid growth and continued leadership as the leading mobile pet grooming service company.

In addition to the equity investment, Concentric Equity Partners have agreed to serve on the board of directors for Aussie Pet Mobile and will help in building the necessary infrastructure within the business.

“This investment in Aussie Pet Mobile is another validation that our concept is one of the strongest in the Franchise services industry,” said Ian Moses, co-founder of Aussie Pet Mobile, who was recently listed in the February issue of Entrepreneur Magazine as #40 in the “101 Fastest Growing Franchises”. “The Concentric investment is a significant step forward in the continued growth of our company,” added Moses.

Concentric Equity Partners invests exclusively in service related businesses, supported by an investment group including ServiceMaster, “America’s Service Brands for Home and Business,” and over 35 accomplished operating executives within the services business sector.

“We are privileged to be an important part of Aussie Pet Mobile’s rapid growth and look forward to strengthening their role as the leading mobile pet grooming business,” said Ken Hooten, General Partner for Concentric Equity Partners.

Concentric Equity Partners will support Aussie Pet Mobile in accelerating their channels of distribution for both the company and its franchisees. With additional capital, Aussie Pet Mobile will be able to more aggressively expand its already fast growing franchise network by significantly adding to their current 205 trailers nationwide in addition to building out a network of corporate-run locations. In fact, Aussie Pet Mobile currently operates company-owned locations in Atlanta and the Silicon Valley.

“We recognize the tremendous added value that Concentric will bring to our system,” Moses said. “Not only does the equity fund help support Aussie Pet Mobile corporate, but it will help prove our business to the growing franchisee market. We are excited to work with Concentric Equity Partners and know that the company will be an immediate asset to Aussie Pet Mobile.

About Aussie Pet Mobile

Aussie Pet Mobile Inc., the fastest growing mobile pet grooming franchise in the United States, serves approximately 150 cities in 18 states nationwide with their exclusive 15-step pet spa treatment. For the third consecutive year, Aussie Pet Mobile was ranked the #1 miscellaneous Pet franchise according to Entrepreneur Magazine’s January 2004 issue where they were also listed as # 72 in Entrepreneur's top 500 Franchises nationwide.

About Concentric Equity Partners

Concentric Equity Partners supports entrepreneurs in building leading service and related businesses. Supported by direct investments from ServiceMaster, “America’s Service Brands for Home and Business,” and over 35 individual operating executives from service related industries, Concentric helps portfolio companies accelerate their growth through capital investment, industry knowledge, operating expertise, and access to expanded channels for distribution.


Related Industries:
Pet Franchises

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