Chewy to acquire SmartEquine from Covetrus

Chewy (CHWY) announced it has entered into a definitive agreement to acquire SmartPak Equine, from Covetrus. “SmartEquine, which rebranded from SmartPak in July 2025, is a leading U.S. provider of equine health products. The company is recognized for its proprietary subscription-based supplement programs, personalized nutrition plans, and broad portfolio of tack, gear, and therapeutic products designed to meet the unique needs of every horse and rider. This acquisition strengthens Chewy’s position as a leader in the equine category and accelerates the company’s expansion into higher-margin health and wellness verticals. By combining SmartEquine’s premium product portfolio and loyal customer base with Chewy’s unmatched logistics, innovation, and customer service, Chewy will deliver a differentiated and comprehensive value proposition to equine customers nationwide,” Chewy said. The transaction is subject to regulatory approvals and other customary closing conditions and is expected to close in Chewy’s fourth quarter of fiscal year 2025. The deal is an all-cash transaction that Chewy anticipates financing through its existing balance sheet.