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ICR Inc is guiding Wag!, dog-walking app, as it plans to go public via a $350M SPAC deal with CHW Acquisition Corp.
Founded in 2015 to relieve the guilt and stress of leaving a pet unattended, Wag! has more than 350K pet caregivers in 4,600 cities in the US, handling dog walking, pet sitting, training, advice and drop-in visits.
It has generated 11M reviews with 96 percent of them earning five-star ratings. Rebooking rate clocks in at 90 percent. The pet wellness/services market was valued at $44B in 2020.
Wag! CEO Garrett Smallwood said his company is “transforming the fragmented and largely offline pet wellness and services industry through our vertically integrated mobile-first technology platform.”
The company anticipates revenues of $42M for 2022, which would be a 120 percent boost over last year’s performance.
Shares of Wag! Group Co. are expected to to trade on the NASDAQ under the ticker symbol, “PET.”
FGS Global represents Copart as the online vehicle auction company acquires auto marketplace and data services business ACV, a Joele Frank client, in a deal valued at $1.9B.
BGR Group represents Noble Supply and Logistics as it files for Chapter 11 due to a change in its weapons support contract with the Defense Logistics Agency.
C Street Advisory Group is handling the Chapter 11 filing of LIV Golf following the move by Saudi Arabia’s Public Investment Fund to pull the financial plug on the League. (Updated)
Teneo handles Bamboo Insurance Services as the Midvale, UT-based marketer of homeowner policies files a Form S-1 statement with the SEC for an initial public offering.
FTI Consulting handles West Marine as the nation’s leading retailer of marine parts and accessories for boating, fishing and sailing enthusiasts emerges from Chapter 11 bankruptcy.
