Monday, May 19, 2008

Dallas-based poop scooping business Pet Butler sold for $1.2 million

By Pegasus News wire

DALLAS — Mark Hamel, 1989 United States Military Academy graduate and successful businessman, has purchased the Dallas/Fort Worth area corporately owned franchise territories of Pet Butler for $1.2 million.

Photo not provided by Pet Butler

Over 30 years ago, this visionary predicted man would someday turn dog poop into gold

Pet Butler’s Dallas/Fort Worth operation is the company’s largest, cleaning up after approximately 5,000 dogs each week. Pet Butler began providing pet waste clean up and removal services in the Dallas/Fort Worth area in 1998 as an entrepreneurial startup. The company launched its franchising operation in 2005, and with the sale of the Dallas/Fort Worth corporately owned franchise territories, it now has 127 independently owned franchise territories in 27 states.

Matt ‘Red’ Boswell, CEO (Chief Excrement Officer) and founder of Pet Butler has sold his individual franchise territories in order to focus on corporate initiatives and growing the company’s franchise operations throughout North America. “This sale is exciting for us as a company, but bittersweet to me personally. My Dallas/Fort Worth area business is like a child to me. I’ve birthed it, sacrificed immensely for it, dedicated much of my life to it, and developed it into a thriving, highly profitable enterprise. However, it’s now time for someone else to take responsibility for its well being and expansion. As hard as it will be to turn over the Dallas/Fort Worth territories, I owe my nationwide franchise partners my focus, in order to take us all to the next level of making Pet Butler a household name,” said Boswell.

Hamel takes immediate ownership of the company’s Dallas/Fort Worth clients and has the exclusive rights to expand service to all individual pet owners, as well as multi-family communities and parks through the Metroplex.

“Most people think I’m nuts when they find out that I’ve paid over a million dollars for dog poop, but once I explain the genius concept of the pet waste removal business they quickly become fans. Most people say, ‘Why didn’t I think of that?’ I love to see the different reactions that people have when you start to talk about pet poop,” said Hamel.

Source: Pet Butler

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• Economics > Mergers & Acquisitions
• Pets > Dogs