Private Equity

The U.S. pet care industry exceeds $150 billion annually, yet mobile grooming remains highly fragmented — dominated by independent operators with no brand, no systems, and no scalable model. Lucky Dog is purpose-built to consolidate that market. The company's dual-track structure — corporate-owned markets combined with a licensed territory model — creates a capital-efficient path to national and international scale while maintaining consistent service standards across every market. NorthStar's investment thesis is straightforward: back the team most capable of building the defining global brand in mobile pet grooming. Lucky Dog has the operations, the geographic footprint, and the brand infrastructure to do it. NorthStar provides capital, strategic guidance, and network access to accelerate corporate market expansion, licensee development, and the company's international rollout, beginning with the United Kingdom.

Patent portfolios in established industries — lighting, technology, CPG, health, and construction materials — represent a category of asset that is frequently undervalued, poorly enforced, or left entirely dormant by their original owners. IP Strategy Ventures is structured specifically to acquire those assets and realize their economic value through disciplined licensing and enforcement strategies. NorthStar's investment reflects its interest in alternative asset classes with asymmetric return profiles. The sectors IP Strategy Ventures targets have deep innovation histories and active licensing markets, creating a repeatable acquisition and monetization playbook. NorthStar's board seat provides direct influence over strategic direction and capital allocation.