Encore Consumer Capital has sold ThunderWorks to Ceva Santé Animale S.A. No financial terms were disclosed. Based in Durham, North Carolina-based ThunderWorks is a provider of pet calming solutions.
San Francisco, California – Encore Consumer Capital, a private equity firm that invests exclusively in leading consumer products companies, has completed the sale of Thundershirt, LLC (“ThunderWorks”) to Ceva Santé Animale, S.A. (“Ceva”). ThunderWorks develops and markets a comprehensive line of innovative pet calming solutions.
Scott Sellers, managing director of Encore Consumer Capital, said, “It has been a great pleasure for us at Encore to have partnered with Phil Blizzard and the talented team at ThunderWorks. Under Phil’s leadership, ThunderWorks created multiple new product lines and developed a successful e-commerce strategy over our investment period. ThunderWorks is well positioned for continued growth as part of Ceva.”
“Through a very productive seven-year partnership, Encore helped guide us from a young and rapidly growing company to a successful private equity-owned business. Encore was instrumental in providing guidance, vision and experience,” said Phil Blizzard, ThunderWorks Founder & CEO. “We are thrilled about our new partnership with Ceva, and thank the Encore team for helping us move to the next exciting chapter in our history.”
About Encore Consumer Capital
Encore Consumer Capital is a San Francisco-based private equity investment firm focused on the consumer products industry. The firm has raised over $600 million in equity capital and invested in over 30 companies. Encore’s current and prior investments include food and beverage companies (4505 Meats, Aidells Sausage Company, Brownie Brittle, Cece’s Veggie Co., Fantasy Cookie, Full Sail Brewing, Isopure, Mesa Foods, Navitas, Thanasi Foods), food and beverage distribution companies (FreshKo, Pint Size, Tourtellot), pet products companies (ThunderWorks, Zuke’s) and personal care/beauty companies (Supergoop!, MyChelle Dermaceuticals, tarte), among others. The firm targets companies with between $10 million and $100 million in annual revenues where Encore’s strong operating expertise in strategy development, brand marketing and distribution expansion can help drive performance. For more information please visit www.EncoreConsumerCapital.com.
ThunderWorks is headquartered in Durham, North Carolina and markets a comprehensive line of innovative pet calming and walking solutions. The Company’s category-defining and patented ThunderShirt product eliminates or dramatically reduces the symptoms of pet anxiety and is helping millions of cats and dogs around the world. For more information please visit www.thunderworks.com.
About Ceva Santé Animale, S.A.
Ceva Santé Animale, S.A. engages in the research, development, production, and marketing of pharmaceutical products and vaccines for companion and farm animals. Founded in 1999, the Company is headquartered in Libourne, France. For more information please visit www.ceva.com/en/.