Merger and acquisition (M&A) activity has been robust in the Pet & Animal Care Industry as deal volume overcame slow levels in the first half of 2017 to now outpace year-to-date (YTD) volume in 2016.  This change has been largely driven by healthy industry fundamentals including increases in disposable income (currently at a record $39,374 according to FRED Economic Data) and the number of household pets (expected to grow at a rate of 1.9% per year to 187.3 million pets by 2021 according to IBISWorld).