One of Knoxville’s newest and biggest entrepreneurial success stories is being acquired.
Radio Systems Corporation, the leading innovator in the companion pet health and safety market, is being acquired by Clayton, Dubilier & Rice, an international private investment firm that has invested more than $30 billion in 90 businesses across a broad range of sectors. Terms of the transaction were not disclosed, but Radio Systems’ headquarters and top personnel will remain in Knoxville.
Founded in 1991 by Randy Boyd, a South Knoxville native and well-known leader and entrepreneur, Radio Systems designs and distributes more than 2,000 pet products under brand names such as Invisible Fence®, PetSafe®, ScoopFree®, SportDOG®, and Kurgo®, among others. The company has more than 800 employees worldwide.
“With the backing of CD&R and the talented team at Radio Systems, I’m confident the company will continue to deliver the best solutions and services available to our customers,” said Boyd who recently was elected as the permanent President of the University of Tennessee System. “I’m excited for Radio System’s future growth and the success and benefits it will bring to our employees, pet owners, and our local economy. Our headquarters will remain in Knoxville, Willie Wallace will continue to run the company as our CEO, our commitment to give back, and our core mission and values we hold so dear will not change.”
Radio Systems holds the number one market position by sales in many of the pet categories it serves, including pet containment, pet doors, pet training, and pet waste management, supported by the company’s innovation capabilities and commitment to delivering product solutions that enhance the safety and well-being of pets.
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