Firelight Capital Announces Acquisition of Snif-Snax
Firelight Capital Partners, a lower-middle-market private equity firm focused on brands in the consumer, retail and specialty markets, today announced the acquisition of Miami-based Snif-Snax. Snif-Snax is a wholesaler and retailer of chef-inspired, smoked Scottish salmon and chicken pet treats. Terms of the deal were not disclosed.
Snif-Snax products are primarily single-ingredient, all-natural pet snacks. The company is committed to excluding grains, chemical additives, antibiotics and GMOs. Snif-Snax treats are made in human-grade food facilities and are smoked in the US and the UK using natural hardwood chips. Its products are available online and select retailers throughout the US.
Along with the acquisition of Snif-Snax, Firelight has also announced Kevin Fick and Jeff Sutherland will be joining the team. Fick will lead the company as CEO of Snif-Snax, along with Sutherland as COO, to continue to expand Snif-Snax’s business, while seeking opportunities to add to the pet-space vertical for Firelight Capital. Prior to joining Snif-Snax, both Fick and Sutherland served in executive leadership roles at several leading pet companies.
“Given our prior successes in the pet industry, we are thrilled that Snif-Snax founder Jonathan Brown has chosen to partner with us and incoming talent, Fick and Sutherland, to lead the company on its next growth trajectory,” said Rick Perkal, CEO and Managing Partner of Firelight Capital.
The overall pet market is valued at $151 billion, according to 2024 APPA market data. Snif-Snax is one of the market leaders in eco-sustainably sourced salmon and chicken. With its acquisition, Firelight will make significant investments in Snif-Snax, opening a new distribution and manufacturing facility, enhancing its infrastructure and furthering its participation in local community and pet shelter charities.
“We believe this is the beginning of an amazing journey, and we look forward to fast-tracking our growth organically and through strategic acquisitions,” said Fick. “We are excited to build upon the strong foundation Jonathan has developed and together with the upcoming product innovation, improved category management and future branding/packaging opportunities, Snif-Snax is positioned to be the leader in high quality pet treats” Fick stated.
“The Brown family is delighted to partner with Rick Perkal and the Firelight team,” said Brown. “Kevin and Jeff bring more than 60 years of combined pet experience, which will enable us to dramatically grow our brand domestically and internationally,” continued Brown.
Jonathan Brown and his nephew, Aaron Brown, Snif-Snax’s General Manager, will continue to be material owners of the business, with a keen focus on driving new-to-the-market products and staying true to the long-held belief that pets deserve the same level of quality, care and nutrition as the people who love them.