PetSmart

PetSmart is based in Phoenix.

Earlier this week, Phoenix-based PetSmart announced that it agreed to be acquired for $8.7 billion by a group of investors led by BC partners.

The PetSmart buyout is the biggest private equity deal announced in the world this year. What does that mean for the Valley, which already has a dearth of corporate headquarters?

We talked about that and other topics with Barry Broome, president and CEO of the Greater Phoenix Economic Council.