Retail Buyout Acquisitions in 2021
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December 31, 2021
- Buyer
- Gold Flora
- Target
- Airfield Supply Company
- Industry
- Retail
- Location
- California, United States
- Type
- Buyout
Gold Flora, a vertically-integrated California cannabis operator based in Costa Mesa, has acquired Airfield Supply Company, a leading San Jose dispensary with on-site cultivation, manufacturing and delivery licenses. The deal closed December 31, 2021; Airfield founder and CEO Marc Matulich will remain in his role and the Airfield brand, management, and staff will be retained as Gold Flora expands its retail and cultivation footprint in California.
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December 30, 2021
- Buyer
- The Container Store
- Target
- Closet Works
- Industry
- Retail
- Location
- Illinois, United States
- Type
- Buyout
The Container Store (NYSE: TCS) acquired Chicago-based custom home storage and closet manufacturer Closet Works for $21.5 million, a deal that closed December 30, 2021. The acquisition expands The Container Store's wood-based manufacturing capabilities and premium product offering, giving the retailer in-house production, greater quality control and opportunities to increase margins and customization options.
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December 29, 2021
- Buyer
- Nolan Capital, Inc., Del Mar Ventures, Ted Nark
- Target
- Coastal Farm & Ranch
- Seller
- Buzz Wheeler
- Industry
- Retail
- Location
- Oregon, United States
- Type
- Buyout
Nolan Capital acquired a majority stake in Coastal Farm & Ranch, the Pacific Northwest farm-and-home retailer headquartered in Albany, Oregon. Longtime owner Buzz Wheeler retains an ownership stake and the existing management team remains in place as Nolan Capital and participating investors (Del Mar Ventures and Ted Nark) plan to support growth and scale the business across the Western U.S.
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December 23, 2021
- Buyer
- Curaleaf Holdings, Inc.
- Target
- Natural Remedy Patient Center, LLC
- Industry
- Retail
- Location
- Arizona, United States
- Type
- Buyout
Curaleaf Holdings, Inc. entered into a definitive agreement to acquire Natural Remedy Patient Center, a dispensary in Safford, Arizona, in a cash-and-stock transaction valued at approximately US$13 million. The deal (US$12M cash and US$1M in Curaleaf subordinate voting shares) is expected to close in January 2022 and expands Curaleaf's Arizona retail footprint while enabling a planned relocation to a flagship Scottsdale site.
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- Buyer
- Ascend Wellness Holdings, Inc.
- Target
- Ohio Cannabis Clinic, LLC (d/b/a Ohio Cannabis Company)
- Industry
- Retail
- Location
- Ohio, United States
- Type
- Buyout
Ascend Wellness Holdings, Inc. completed the acquisition of Ohio Cannabis Clinic, LLC (d/b/a Ohio Cannabis Company) and its licensed medical cannabis dispensary in Coshocton, Ohio. The deal expands AWH's Ohio retail footprint (its second dispensary in the state) as the company plans to migrate acquired brands to the Ascend banner and continue growing in the state.
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December 22, 2021
- Buyer
- PAI Partners (PAI Mid-Market Fund)
- Target
- Uvesco
- Seller
- Current shareholders
- Industry
- Retail
- Location
- Guipúzcoa, Spain
- Type
- Buyout
PAI Partners, via its PAI Mid-Market Fund, has signed an agreement to acquire a majority stake in Uvesco from the company’s current shareholders. The investment will support Uvesco’s organic store rollout and M&A-driven expansion across Northern Spain and Madrid while keeping the company headquartered in Guipúzcoa.
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December 17, 2021
- Buyer
- Majors Management, LLC
- Target
- Tri-State Petroleum Corporation
- Seller
- Tri-State Petroleum Corporation
- Industry
- Retail
- Location
- West Virginia, United States
- Type
- Buyout
Majors Management, LLC acquired the assets of Tri-State Petroleum Corporation, including 25 company-operated convenience stores and eight wholesale dealer accounts in the tri-state region of western Pennsylvania, northern West Virginia and eastern Ohio. The acquisition expands Majors' geographic footprint into Pennsylvania and West Virginia while bolstering its presence in Ohio.
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- Buyer
- Camping World Holdings, Inc.
- Target
- Lloyd Bridges Traveland RV dealerships
- Industry
- Retail
- Location
- Michigan, United States
- Type
- Buyout
Camping World Holdings, Inc. agreed to acquire the Lloyd Bridges Traveland RV dealerships in Chelsea, Michigan. The two-location dealership will transition to the Camping World brand, expanding Camping World’s presence in the Ann Arbor market and increasing its Michigan locations. The acquisition was anticipated to close early in 2022.
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December 3, 2021
- Buyer
- Shoe Carnival, Inc.
- Target
- Shoe Station, Inc.
- Seller
- Shoe Station, Inc.
- Industry
- Retail
- Location
- Alabama, United States
- Type
- Buyout
Shoe Carnival, Inc. acquired substantially all of the assets of family‑owned Shoe Station, Inc. for $67 million in a cash‑funded transaction. The deal adds 21 Southeastern retail locations and e‑commerce capabilities, is expected to be immediately accretive to diluted EPS in fiscal 2022, and contributes approximately $100 million in incremental net sales.
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November 29, 2021
- Buyer
- RV Retailer, LLC
- Target
- Pharr RVs, Affinity RV
- Seller
- Pharr family (Jackie and Jerry Pharr; Mike Hymer), Bob Been (Affinity RV)
- Industry
- Retail
- Location
- United States
- Type
- Buyout
RV Retailer, LLC (RVR) announced it will acquire Pharr RVs (Lubbock, Texas) and Affinity RV (Prescott / Prescott Valley, Arizona), expanding RVR's network to 84 stores across the United States. The acquisitions (to be completed in December 2021) grow RVR's presence in Texas to 17 stores and in Arizona to 6 stores and bring the teams from both dealerships into the RVR organization.
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November 22, 2021
- Buyer
- Ayr Wellness Inc.
- Target
- Gentle Ventures, LLC (d/b/a Dispensary 33)
- Seller
- Holders of 100% of the equity interests of Dispensary 33 (collectively, the "Sellers"), Gentle Ventures, LLC
- Industry
- Retail
- Location
- Illinois, United States
- Type
- Buyout
Ayr Wellness Inc. has entered into an agreement to acquire Gentle Ventures, LLC (d/b/a Dispensary 33), which operates two licensed retail cannabis dispensaries in Chicago’s Andersonville and West Loop neighborhoods. Consideration is expected to total $55 million upfront (including $12 million cash, $3 million seller notes and $40 million stock) with an earn-out tied to Adjusted EBITDA; the transaction is subject to customary closing conditions and regulatory approvals.
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November 22, 2021
- Buyer
- Franchise Group, Inc.
- Target
- W.S. Badcock Corporation
- Seller
- W.S. Badcock Corporation (Badcock family)
- Industry
- Retail
- Location
- Florida, United States
- Type
- Buyout
Franchise Group, Inc. completed an all-cash acquisition of W.S. Badcock Corporation for approximately $580 million. The acquisition adds Badcock’s 383-store southeastern home furnishings chain (and related real estate and consumer credit receivables) to Franchise Group’s portfolio, creating scale and anticipated synergies with its existing home-furnishings brands.
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November 18, 2021
- Buyer
- Signet Jewelers Limited
- Target
- Diamonds Direct USA Inc.
- Industry
- Retail
- Location
- North Carolina, United States
- Type
- Buyout
Signet Jewelers Limited has finalized its acquisition of Diamonds Direct USA Inc. for $490 million in cash. The deal — representing roughly a 1.1x multiple on annualized revenue and a 7.1x multiple on annualized EBITDA — adds 22 Diamonds Direct locations and expands Signet’s presence in the bridal and accessible-luxury jewelry market.
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November 16, 2021
- Buyer
- OneWater Marine Inc.
- Target
- Norfolk Marine Inc.
- Seller
- Jason Murphy
- Industry
- Retail
- Location
- Virginia, United States
- Type
- Buyout
OneWater Marine Inc. has reached an agreement to acquire Norfolk Marine Inc., expanding OneWater’s presence in the Mid-Atlantic and establishing its first dealership in Virginia. Norfolk Marine is a third-generation, family-owned full-service boat dealer that generated over $20 million in sales in the prior twelve months and offers new and pre-owned boat sales, parts, finance and service; the deal was expected to close in Q4 2021.
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November 5, 2021
- Buyer
- Fleet Feet
- Target
- JackRabbit (Running Specialty Group)
- Seller
- Affiliates of CriticalPoint Capital
- Industry
- Retail
- Location
- Colorado, United States
- Type
- Buyout
Fleet Feet has acquired JackRabbit, bringing all JackRabbit retail locations across 15 states and the jackrabbit.com e-commerce business into the Fleet Feet network. The deal, completed in early December 2021 from affiliates of CriticalPoint Capital, expands Fleet Feet's national footprint to roughly 250 locally owned and operated running stores and strengthens its omnichannel capabilities.
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November 1, 2021
- Buyer
- MacEwen Petroleum Inc.
- Target
- Quickie Convenience Stores Corporation
- Seller
- Arnold Kimmel, Larry Hartman
- Industry
- Retail
- Location
- Ontario, Canada
- Type
- Buyout
MacEwen Petroleum Inc. acquired the business assets of Quickie Convenience Stores Corporation, adding 51 convenience stores (including 22 gas stations) in Eastern Ontario and Gatineau, Quebec to its network. The Quickie chain was sold by long-time co-owners Arnold Kimmel and Larry Hartman; MacEwen said it will invest in modernizing the stores and expanding the Quickie brand across its footprint.
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October 21, 2021
- Buyer
- H.I.G. Capital (via an affiliate)
- Target
- Cesar di Barbarossa Enio e F.lli S.r.l., Gruppo SDA S.r.l. Servizi Distribuzione Associati, VDM Vaccaro Distribuzione Merci S.r.l.
- Seller
- Barbarossa family / Cesar shareholders
- Industry
- Retail
- Location
- Lombardy, Italy
- Type
- Buyout
An affiliate of H.I.G. Capital has acquired a controlling stake in Cesar di Barbarossa Enio e F.lli S.r.l., Gruppo SDA S.r.l. Servizi Distribuzione Associati and VDM Vaccaro Distribuzione Merci S.r.l., which operate under the Acqua & Sapone brand. The Barbarossa family is reinvesting as a significant minority shareholder; the combined companies operate over 700 stores in Italy and generated more than €900 million of revenues in 2021. H.I.G. said the investment will support integration of the businesses and accelerate Acqua & Sapone's expansion across Italy.
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October 20, 2021
- Buyer
- Titan Machinery Inc.
- Target
- Jaycox Implement, Inc.
- Seller
- Jaycox Implement, Inc.
- Industry
- Retail
- Location
- United States
- Type
- Buyout
Titan Machinery Inc. (Nasdaq: TITN) agreed to acquire the assets of Jaycox Implement, Inc., adding three full-line Case IH dealerships located in Worthington and Luverne, Minnesota, and Lake Park, Iowa. Jaycox generated approximately $91 million of revenue in the trailing twelve months ended June 30, 2021; the asset purchase is expected to close in December 2021 and to be immediately accretive to Titan's earnings per share.
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October 18, 2021
Cazoo (NYSE: CZOO) announced it has agreed to acquire UK online commercial vehicle retailer Vans365 as it expands its online offering into commercial vehicles. The cash deal is for £6.5 million and is subject to FCA approval, expected in the coming weeks.
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October 7, 2021
- Buyer
- Sundial Growers Inc.
- Target
- Alcanna Inc.
- Seller
- Alcanna shareholders
- Industry
- Retail
- Location
- Alberta, Canada
- Type
- Buyout
Sundial Growers Inc. agreed to acquire all outstanding shares of Alcanna Inc. in an all-stock plan of arrangement valued at approximately C$346 million, giving Alcanna shareholders Sundial common shares. The deal expands Sundial's retail footprint into liquor (Alcanna operates 171 store locations) and increases its exposure to cannabis retail through Alcanna's interest in Nova Cannabis, with expected synergies and improved cash generation.
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September 30, 2021
- Buyer
- Sonsray Machinery
- Target
- Booth Machinery
- Industry
- Retail
- Location
- California, United States
- Type
- Buyout
Sonsray Machinery, a CASE construction equipment dealer based in Torrance, California, has acquired Booth Machinery, a Case IH agricultural equipment dealership. The deal adds five Booth Machinery locations (Bakersfield, Five Points, Fresno and Salinas in California, and Yuma in Arizona) and expands Sonsray into the agriculture market and parts/service footprint.
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September 30, 2021
Krispy Kreme signed a definitive agreement to take majority control of franchisee and operator Krispy K Canada. Current operating partners Christopher Lindsay and Kelcey Hamaker will remain as co-CEOs and continue running day-to-day operations after closing, with the deal expected in Q4 2021.
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September 23, 2021
- Buyer
- Daiwa PI Partners Co., Ltd.
- Target
- Y International
- Seller
- The Riverside Company
- Industry
- Retail
- Location
- Japan
- Type
- Buyout
Daiwa PI Partners has acquired Y International, a leading high-end bicycle retail chain in Japan, from The Riverside Company. The deal — terms not disclosed — transfers ownership of the e-commerce and multi-store specialty bike retailer to the Japanese private equity buyer, which is expected to further invest in the company's retail footprint and digital capabilities.
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September 21, 2021
- Buyer
- Pernod Ricard
- Target
- The Whisky Exchange
- Industry
- Retail
- Location
- England, United Kingdom
- Type
- Buyout
Pernod Ricard has signed an agreement to acquire The Whisky Exchange, a leading UK-based online and physical retailer of whiskies and fine spirits. The deal is intended to strengthen Pernod Ricard’s e‑commerce and direct-to-consumer capabilities and create synergies with its existing digital platforms while keeping The Whisky Exchange’s management and team in place.
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September 20, 2021
- Buyer
- Foot Locker
- Target
- WSS
- Seller
- Riata Capital Group
- Industry
- Retail
- Location
- California, United States
- Type
- Buyout
Foot Locker agreed to acquire West Coast footwear and apparel retailer WSS from Dallas-based private equity firm Riata Capital Group for $750 million. The acquisition expands Foot Locker's portfolio and footprint in Hispanic-focused, inner-city markets and is expected to accelerate WSS's unit growth and omni-channel initiatives.
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September 17, 2021
- Buyer
- Stem Holdings, Inc. (d/b/a Driven By Stem)
- Target
- Artifact Extracts, Dispensary in Salem, Oregon (to be renamed TJ's on Broadway), Dispensary in Eugene, Oregon (to be renamed TJ's on 7th)
- Industry
- Retail
- Location
- Oregon, United States
- Type
- Buyout
Stem Holdings, Inc. (d/b/a Driven By Stem) acquired Artifact Extracts, a cannabis extraction company based in Oregon, along with two dispensaries and Salem delivery capabilities. The transaction expands Stem's concentrates production capabilities and West Coast retail footprint, enabling integration of Artifact's product lines into Stem's brands and rollout of its Budee delivery platform in Salem and Eugene.
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September 7, 2021
- Buyer
- Global Blue, Global Blue Ventures
- Target
- Yocuda
- Industry
- Retail
- Location
- United Kingdom
- Type
- Buyout
Global Blue (via Global Blue Ventures) increased its investment in Yocuda through a capital increase and share purchase, taking its total stake to 56% and making it the majority owner. The deal brings Yocuda — a UK-founded digital receipt provider — into Global Blue's RetailTech network to expand omnichannel capabilities, accelerate geographic expansion, and create cross-sell opportunities with Global Blue's retailer customer base.
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September 6, 2021
- Buyer
- Risk Capital Partners, Max Mckellar, Ian Stephens
- Target
- GAK
- Seller
- Gary Marshall
- Industry
- Retail
- Location
- East Sussex, United Kingdom
- Type
- Buyout
Risk Capital Partners has become majority shareholder in Brighton-based musical-instrument retailer GAK in a management buyout that hands control to joint managing directors Max Mckellar and Ian Stephens; founder Gary Marshall retains a stake. GAK is an omni-retailer (strong online sales and a flagship Brighton shop) expecting around £35 million of revenue in the current year and plans to expand both online and via additional retail locations.
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September 3, 2021
- Buyer
- Cresco Labs Inc.
- Target
- Cultivate (Cultivate Holdings LLC)
- Industry
- Retail
- Location
- Massachusetts, United States
- Type
- Buyout
Cresco Labs has closed its acquisition of Cultivate, a vertically integrated Massachusetts cannabis operator with three dispensaries and approximately 42,000 square feet of active cultivation canopy. The deal increases Cresco's in-state cultivation to ~64,000 square feet and expands its retail footprint in Massachusetts as part of a strategy to deepen presence in large, attractive state markets.
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September 3, 2021
- Buyer
- ProA Capital
- Target
- La Casa de las Carcasas
- Seller
- Ismael Villalobos (founder) and existing shareholders
- Industry
- Retail
- Location
- Cáceres, Spain
- Type
- Buyout
ProA Capital has purchased a majority stake in La Casa de las Carcasas in a transaction valued at more than €100 million; founder Ismael Villalobos remains as a minority shareholder. The deal aims to accelerate the retail chain's international expansion — the company operates nearly 260 stores (headquartered in Jaraíz de la Vera, Cáceres) and plans further growth across Europe and Latin America.
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August 31, 2021
- Buyer
- OvareVentures, OvareGroup
- Target
- Kenver, Ltd.
- Industry
- Retail
- Location
- Massachusetts, United States
- Type
- Buyout
OvareVentures, part of the OvareGroup holding company, has purchased Kenver, Ltd., a Massachusetts-based specialty sportswear and outdoor retail boutique. The acquisition expands OvareVentures' outdoor retail portfolio and will support growth across Kenver's physical retail and eCommerce channels.
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August 25, 2021
- Buyer
- Bish's RV
- Target
- Guaranty RV Super Centers
- Seller
- Nill family
- Industry
- Retail
- Location
- Oregon, United States
- Type
- Buyout
Bish's RV, a family-owned RV dealer group headquartered in Meridian, Idaho, has acquired Guaranty RV Super Centers, a long-standing family-owned RV dealership in Junction City, Oregon. FOCUS Investment Banking represented the Nill family in the sale, which Bish's said was the best cultural fit to continue the Nill family legacy and preserve continuity for employees and customers.
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August 24, 2021
- Buyer
- GrowGeneration Corp.
- Target
- Commercial Grow Supply
- Industry
- Retail
- Location
- California, United States
- Type
- Buyout
GrowGeneration Corp. (NASDAQ: GRWG) has acquired Commercial Grow Supply, a hydroponic superstore in Santa Clarita, California, founded in 2011 by Sevan Derohanian. The acquisition (Commercial Grow Supply had annual revenue near $10 million) expands GrowGeneration’s footprint in Southern California and increases its California store count to 22 as the company continues to scale its national retail network.
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August 23, 2021
- Buyer
- GrowGeneration Corp.
- Target
- Hoagtech Hydroponics
- Seller
- Dan Hoag
- Industry
- Retail
- Location
- Washington, United States
- Type
- Buyout
GrowGeneration Corp. announced the acquisition of Hoagtech Hydroponics, a hydroponic equipment and indoor gardening store in Bellingham, Washington. The deal expands GrowGeneration's Pacific Northwest footprint, adds a 25,000 sq. ft. warehouse and a commercial customer base, and brings Hoagtech founder Dan Hoag and his team of eight cultivation experts into GrowGen.
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August 18, 2021
- Buyer
- Eaze
- Target
- Green Dragon
- Industry
- Retail
- Location
- Colorado, United States
- Type
- Buyout
Eaze, a San Francisco-based cannabis delivery marketplace, has agreed to acquire multi-state retail operator Green Dragon, combining delivery and storefront operations across California, Colorado, Michigan and Florida. The deal (pending regulatory approvals) creates a combined company with 42 delivery and retail locations and expands Eaze's retail and cultivation capabilities and geographic footprint.
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August 13, 2021
- Buyer
- MedX Holdings Inc.
- Target
- Dazed Inc.
- Industry
- Retail
- Location
- Texas, United States
- Type
- Buyout
MedX Holdings Inc. (MEDH) has acquired Dazed Inc., a Texas-based operator of the Lazydaze retail/coffee and cannabis concept, as a wholly owned subsidiary. MedX said the acquisition advances its strategy to build vertically integrated cannabis brands and expand into retail and public consumption lounges across U.S. markets.
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- Buyer
- High Tide Inc.
- Target
- 102105699 Saskatchewan Ltd.
- Seller
- 102105699 Saskatchewan Ltd.'s shareholders
- Industry
- Retail
- Location
- Saskatchewan, Canada
- Type
- Buyout
High Tide Inc. completed its acquisition of 102105699 Saskatchewan Ltd., which owns retail cannabis locations in Regina, Saskatchewan. The deal was completed via a share purchase agreement, with High Tide acquiring all issued and outstanding shares in exchange for High Tide shares valued at C$2.002 million and C$698,000 in cash (announced earlier as a C$2.9 million total).
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August 3, 2021
- Buyer
- Wolverine World Wide, Inc.
- Target
- Sweaty Betty, Lady of Leisure InvestCo Limited (owner of Sweaty Betty)
- Seller
- L Catterton, Wittington Investments Limited, Other shareholders
- Industry
- Retail
- Location
- England, United Kingdom
- Type
- Buyout
Wolverine World Wide, Inc. acquired Sweaty Betty, the London-based women's activewear brand, in an all-cash transaction valued at approximately $410 million. The deal (effective August 2, 2021) purchased Lady of Leisure InvestCo Limited — the entity that owns Sweaty Betty — from L Catterton and other shareholders and is intended to accelerate Wolverine's digital, apparel and international growth.
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August 3, 2021
Legault Group, the Quebec-based owner of Mondou stores, has acquired 100% of the shares of Ren's Pets, a Guelph, Ontario–based pet supply retailer with 35 stores and a distribution centre. The acquisition is Legault Group's first outside Quebec and aims to accelerate national growth through combined store networks and multi-channel distribution.
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August 1, 2021
- Buyer
- Traction Capital Partners
- Target
- Stumptown Mattress
- Seller
- Michael Hanna, Mary Ruth Hanna
- Industry
- Retail
- Location
- Oregon, United States
- Type
- Buyout
Traction Capital Partners, a Pacific Northwest permanent equity firm, has acquired Portland-based Stumptown Mattress from founders Michael and Mary Ruth Hanna. The buyers said they plan to build on Stumptown’s retail and growing e‑commerce platform in the Portland and Greater Pacific Northwest markets; financial terms were not disclosed.
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- Buyer
- Alimentation Couche-Tard Inc.
- Target
- Wilsons Gas Stops and Go! Stores (operated by Cape D'Or Holdings Limited, Barrington Terminals Limited and related holding entities)
- Seller
- Cape D'Or Holdings Limited, Barrington Terminals Limited, Other related holding entities
- Industry
- Retail
- Location
- Nova Scotia, Canada
- Type
- Buyout
Alimentation Couche-Tard entered into a definitive agreement to acquire Cape D'Or Holdings Limited, Barrington Terminals Limited and related holding entities that operate the Wilsons Gas Stops and Go! Stores network in Atlantic Canada. The network includes 79 corporate-owned convenience and fuel locations, 147 dealer locations and a marine fuel terminal in Halifax; the transaction is expected to close in the first half of 2022 subject to regulatory approvals and will be financed from Couche-Tard's cash and/or credit facilities.
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July 29, 2021
- Buyer
- PeakBirch Logic Inc.
- Target
- Stul Ltd.
- Seller
- Stul Ltd.
- Industry
- Retail
- Location
- Essex, United Kingdom
- Type
- Buyout
PeakBirch Logic Inc. has acquired all issued and outstanding shares of Stul Ltd., including the Hot Box Herb retail brand and New Era Wellness CBD product line, for a purchase price of £250,000 payable in PeakBirch common shares. The deal gives PeakBirch a brick-and-mortar store in Chelmsford, Essex, an ecommerce site, over £350,000 in working capital (including ~£150,000 inventory) and a CBD product manufacturing/brand platform with reported >£1m historical revenue.
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- Buyer
- RV Retailer, LLC
- Target
- Blue Dog RV
- Seller
- John and Rebecca Asplund
- Industry
- Retail
- Location
- Idaho, United States
- Type
- Buyout
RV Retailer, LLC announced the acquisition of Blue Dog RV, a 12-store recreational vehicle dealer network headquartered in Post Falls, Idaho. The deal expands RV Retailer's footprint into seven new states and will add over 400 Blue Dog associates to RV Retailer's nationwide store network of approximately 70 locations.
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July 28, 2021
- Buyer
- GrowGeneration Corp.
- Target
- HGS Hydro
- Industry
- Retail
- Location
- Michigan, United States
- Type
- Buyout
GrowGeneration Corp. signed an asset purchase agreement to acquire HGS Hydro, the third-largest chain of hydroponic garden centers in the U.S., adding six existing Michigan stores (with a seventh opening soon). The acquisition will increase GrowGeneration's Michigan footprint and bring its total store count to 65, and is expected to close before GrowGeneration's fiscal year-end 2021.
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- Buyer
- Funds affiliated with Hellman & Friedman
- Target
- At Home Group Inc.
- Industry
- Retail
- Location
- Texas, United States
- Type
- Buyout
Hellman & Friedman (H&F) agreed to acquire At Home Group Inc., the home décor superstore, in an all-cash transaction valued at $2.8 billion including assumed debt. Under the definitive agreement, At Home stockholders would receive $36.00 per share (later amended to $37.00 per share), and At Home would become privately held after closing.
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July 20, 2021
- Buyer
- Ayr Wellness Inc.
- Target
- Herbal Remedies Dispensaries, LLC
- Industry
- Retail
- Location
- Illinois, United States
- Type
- Buyout
Ayr Wellness Inc. agreed to acquire 100% of Herbal Remedies Dispensaries, LLC, an operator of two licensed retail cannabis dispensaries in Quincy, Illinois, for total consideration of $30 million (comprised of $10 million in stock, $12 million in seller notes and $8 million in cash). The acquisition adds roughly 50 employees, expands Ayr into its eighth state (Illinois), is expected to close in Q4 2021 and is subject to customary regulatory approvals.
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July 20, 2021
- Buyer
- OneWater Marine Inc.
- Target
- Naples Boat Mart
- Seller
- Philip Osborne (Owner)
- Industry
- Retail
- Location
- Florida, United States
- Type
- Buyout
OneWater Marine Inc. agreed to acquire the assets of Naples Boat Mart, a third-generation, family-owned boat dealer, to expand its presence on Florida's West Coast and enhance its new and pre-owned boat sales, service, storage and finance & insurance offerings. The transaction, expected to close in Q4 2021, brings Naples Boat Mart's factory-trained technicians, rigging shop and mobile service units into the OneWater platform.
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July 1, 2021
- Buyer
- MarineMax, Inc.
- Target
- Nisswa Marine
- Seller
- Wiczek family (Brent, Jeremy and Steve Wiczek)
- Industry
- Retail
- Location
- Minnesota, United States
- Type
- Buyout
MarineMax, Inc. acquired Nisswa Marine, a full-service Midwest boat dealer headquartered in Nisswa, Minnesota, strengthening its storage and service offerings in the region. Nisswa generated over $35 million in revenue in 2020 and will continue to be operated by the Wiczek family leadership team under MarineMax ownership.
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- Buyer
- Retail Ecommerce Ventures
- Target
- Ralph & Russo Limited
- Seller
- Ralph & Russo Limited (in administration), Begbies Traynor Group (Joint Administrator), Quantuma Advisory (Joint Administrator)
- Industry
- Retail
- Location
- England, United Kingdom
- Type
- Buyout
Retail Ecommerce Ventures (REV) has completed the acquisition of the business and assets of UK luxury fashion house Ralph & Russo Limited following a formal sales process run by joint administrators Begbies Traynor Group and Quantuma Advisory. REV — a U.S.-based buyer known for acquiring legacy retail brands and scaling them via e-commerce and digital marketing — intends to grow the Ralph & Russo brand globally across couture, ready-to-wear and accessories.
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June 27, 2021
- Buyer
- Surefoot, L.C.
- Target
- FrontRunners, Super Runners Shops
- Industry
- Retail
- Location
- Utah, United States
- Type
- Buyout
Park City-based ski boot retailer Surefoot, L.C. has acquired Los Angeles-based FrontRunners and New York City-based Super Runners Shops. The deal will relocate the acquired companies' headquarters to Surefoot's Park City offices and integrate Surefoot's custom footwear/orthotic technology into the running-store locations.
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