Harbour Group Enters the Pet Grooming Sector with Newest Platform
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Harbour Group Enters the Pet Grooming Sector with Newest Platform

Abacus Finance backed Harbour's buy of Senproco and Groomer’s Choice with both debt and equity

Senproco and Groomer’s Choice manufacture and distribute a range of pet grooming products including shampoos, conditioners, sprays, colognes, bathing equipment, and grooming tools.

SOURCE: Getty Images

Harbour Group has acquired Senproco and its wholesale distribution division, Groomer’s Choice Pet Products.

Senproco and Groomer’s Choice (together Senproco) manufacture and distribute a range of pet grooming products and related supplies used by thousands of professional pet groomers. The company’s products include shampoos, conditioners, sprays, colognes, bathing equipment, and grooming tools, as well as pet apparel, toys, and treats.

Senproco owns several coat care brands, including Bark2Basics, Coat Handler, Green Groom, Petology, Bather Box, Crown Coat, and Bubble Bros. Senproco was founded in 1997 by Dan Dressen and is headquartered in Sioux Falls, South Dakota.

Source: Senproco and Groomer’s Choice Pet Products

“This business means a lot to me and my family, so selecting the partner that could support our growth and create meaningful opportunities for our employees and customers was critical,” said Mr. Dressen. “I was hopeful that we could find a partner who would give me comfort in retaining a meaningful ownership position in the company and provide a path for my children to continue their involvement. I am very confident I found that partner in Harbour Group.”

“Dan and his team have built an outstanding business,” said Jeff Fox, the chairman and CEO of Harbour Group. “With their innovative product lines and exceptional service, they have proven themselves to be the provider of choice to thousands of professional groomers. We are thrilled that Dan chose to partner with us and look forward to putting our strategic and operational expertise to work alongside the Senproco team.”

Abacus Finance was the Senior Secured Credit Facilities Administrative Agent and Lead Arranger to support the acquisition and also made a co-investment in partnership with Harbour Group.

“The Abacus team was a great partner for us in this transaction,” said Gary Beinke., the CFO of Harbour Group. “They were easy to work with, able to meet a tight timeline, and provided a seamless closing.”

Abacus provides cash-flow-based senior financing to private equity-sponsored, lower middle-market companies across a wide range of industries. The firm targets private debt financing opportunities of up to $60 million and finances companies with EBITDA between $3 million and $15 million. Since Abacus’s founding in June 2011, it has closed over $3.5 billion in financings.

“We are honored to be entering into our first transaction with Harbour Group, a firm with a long and distinguished history,” said Tim Clifford, the CEO and co-founder of Abacus.

“It is both a pleasure and a privilege to work with Harbour Group, a firm with a longstanding history of investing and supporting middle market businesses,” said Rafal Rydzewski, a senior vice president at Abacus.

Harbour Group invests in North American-based companies with EBITDA from $4 million to $50 million. Areas of interest include product-oriented businesses that are generally manufacturing or value-added distribution. Since its founding in 1976, St. Louis-headquartered Harbour Group has acquired 230 companies across 50 industries.

© 2025 Private Equity Professional | January 16, 2025

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