At what enterprise value was FIRSTMATE PET FOODS acquired in 2026?

During the acquisition of FIRSTMATE PET FOODS by NASTA PET FOOD in 2026, the company was valued at an estimated revenue multiple of below 5x. The transaction's Enterprise Value is estimated to be in the range of 50M - 150M EUR. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA. Additionally, our database shows that the AgriFood industry currently tracks an average EBITDA multiple of 10.8x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of FIRSTMATE PET FOODS when it was acquired by NASTA PET FOOD?

The exact EV/EBITDA multiple for FIRSTMATE PET FOODS is available on mynth capital. For comparison, the AgriFood sector currently shows an average EBITDA multiple of 10.8x. Join our community for free to access full valuation data and industry trends.

When was FIRSTMATE PET FOODS acquired by NASTA PET FOOD?

FIRSTMATE PET FOODS was acquired by NASTA PET FOOD in 2026.

What was the revenue of FIRSTMATE PET FOODS at the time of the deal?

The revenue of FIRSTMATE PET FOODS at the time of the deal is estimated to be in the range of 50M - 100M EUR. Register for free to access the full transaction report and exact valuation multiples.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

How is the data for the FIRSTMATE PET FOODS acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the FIRSTMATE PET FOODS deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://www.cfnews.net/L-actualite/International/Operations/M-A/Majoritaire/Nasta-Pet-Food-pose-la-patte-en-Amerique-559674

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Home Database AgriFoodFIRSTMATE PET FOODS

02/2026

FIRSTMATE PET FOODS acquired by NASTA PET FOOD

CANADA Food Processing / Petfood EV 50M - 150M EUR

Context

Nasta Pet Food acquired 100% of the shares of FirstMate Pet Foods from its founder and partner. This transatlantic consolidation aims to establish the acquirer as a major player in the North American market, the world's largest pet food region. The acquisition was funded through a major EUR118 million unitranche refinancing package provided by an international debt fund. This financing also serves to retire existing bank debt and provides a confirmed, undrawn CAPEX line for future growth. The strategic rationale focuses on combining European veterinary expertise with North American manufacturing capabilities and digital distribution networks. Following the integration, the new group employs 250 people and aims for a consolidated turnover of EUR200 million in 2026.

FIRSTMATE PET FOODS, which reported an EBITDA margin of LOGIN in 2025, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the AgriFood sector (10.8x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

-> Deep-dive in AgriFood market trends

Target

FirstMate is a premium manufacturer of cat and dog food. The company operates a sophisticated Corporate platform consisting of a "dry" food unit (kibble) with an annual capacity of 20,000 tons and a "wet" food unit (canned pates and fillets) producing 2,000 tons. Employing 120 people, the firm has built a strong reputation for high-quality nutritional formulations distributed across Canada and the United States, with an emerging presence in Taiwan and parts of Europe. It is particularly active in digital distribution channels, including major platforms like Amazon and Chewy.

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REFERENCES

Valuation range: EV 50M - 150M EUR

Revenue range: 50M - 100M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of FIRSTMATE PET FOODS by NASTA PET FOOD are reserved for mynth community members. Register for free to unlock full data.

Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Target: firstmate pet foods