"The Rabb family has built a great company over the years and has established a reputation of providing incredible customer service and a superb shopping experience to its customers," said Refuel CEO Mark Jordan. "We look forward to welcoming their employees to the Refuel family. In addition, we are excited about expanding Refuel's network of stores into the very attractive and rapidly growing central Texas market. We are thrilled to add such an exceptional business to the Refuel platform."
"We believe Cary made a great selection in working with the Refuel team to acquire and continue growing his business as its Texas platform, and we are grateful to have assisted Cary and his family throughout the process," commented Andy Weber, Corner Capital Advisor, exclusive advisor to Wag-A-Bag.
Financial details of the transaction were not disclosed. Subject to customary closing conditions, including regulatory approval, the deal is expected to close in the third quarter of 2021.