Retail Acquisitions in Texas
Texas Retail M&A: Deal Themes
Texas retail acquisitions span everything from luxury dealership expansions to operator rollups and retail technology capability buys. Recent transactions feature activity concentrated in major Texas metro areas, with deals framed around expanding brand portfolios, store footprints, and customer coverage.
Across the listed deals, buyers range from luxury-focused brand and dealership operators (including Watches of Switzerland Group and Sewell Automotive Companies) to regional multi-site retailers and dealer groups (such as Spark Dealer Group and NXTLVL Marine). There are also examples of larger retail consolidation and brand restructuring tied to omnichannel reach, including the JCPenney-led creation of Catalyst Brands.
The page also reflects how retail platforms extend beyond storefronts—most notably with Omegro acquiring ClarityRFID, an item-level RFID inventory solutions provider serving the retail sector.
What Stands Out
- Luxury and brand portfolio expansion shows up in Texas with transactions involving dealerships and luxury retail operators like Watches of Switzerland Group and Sewell Automotive Companies.
- Geographic footprint growth is a common theme, from Houston and Boerne to the Dallas–Fort Worth market and Central Texas (San Antonio/Lake LBJ).
- Multi-bannner consolidation and omnichannel positioning appear in the Catalyst Brands joint venture tying together multiple retail banners under major retail real estate and brand shareholders.
- Retail capability add-ons extend beyond stores, including Omegro’s acquisition of ClarityRFID to broaden retail technology capabilities.
| Deal focus (theme) | Examples from Texas deals |
|---|---|
| Luxury retail & dealerships | Deutsch & Deutsch stake; Land Rover Boerne; Porsche/Audi/Land Rover Livermore portfolio expansion |
| Footprint expansion | Team Gillman Chevrolet (Houston); LSM Outdoor Power (Dallas–Fort Worth/Texas); MarineMax locations (San Antonio & Lake LBJ) |
| Consolidation/omnichannel | Catalyst Brands combining multiple banners from JCPenney and SPARC Group |
| Retail technology | Omegro acquisition of ClarityRFID |
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March 18, 2026
- Buyer
- LAPIS
- Target
- Porsche Livermore, Audi Livermore, Land Rover Livermore, Livermore Honda
- Seller
- Umansky Automotive Group
- Industry
- Retail
- Location
- Texas, United States
- Type
- Buyout
LAPIS, led by CEO Todd Blue and headquartered in Houston, announced the March 17, 2026 purchase of Porsche Livermore, Audi Livermore, Land Rover Livermore, and Livermore Honda in Livermore, California. The dealerships were acquired from Umansky Automotive Group and expand LAPIS’ luxury brand portfolio in the San Francisco Bay Area.
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- Buyer
- Gilchrist Automotive
- Target
- Team Gillman Chevrolet
- Seller
- Team Gillman, Chris Gillman
- Industry
- Retail
- Location
- Texas, United States
- Type
- Buyout
Gilchrist Automotive acquired Team Gillman Chevrolet in Houston, Texas, and will operate it as Gilchrist Chevrolet. Pinnacle Mergers 26 Acquisitions acted as the broker representing Team Gillman and owner Chris Gillman in the dealership buy-sell transaction.
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- Buyer
- Watches of Switzerland Group
- Target
- Deutsch & Deutsch
- Seller
- Deutsch family (Tad and Aladar Deutsch)
- Industry
- Retail
- Location
- Texas, United States
- Type
- Buyout
The Watches of Switzerland Group has acquired an 88% stake in Texas-based luxury watch and jewelry retailer Deutsch & Deutsch, with an option to purchase the remaining share capital. The family-owned business operates four showrooms in El Paso, Laredo, McAllen and Victoria and generated combined FY2024 revenue of $67 million; the Deutsch family will remain involved in leadership following the transaction.
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December 22, 2025
- Buyer
- Spark Dealer Group
- Target
- LSM Outdoor Power
- Seller
- Justin Houston
- Industry
- Retail
- Location
- Texas, United States
- Type
- Addon
Spark Dealer Group entered into a definitive agreement to acquire LSM Outdoor Power, a multi-location outdoor power equipment dealer with a strong presence across the Dallas-Fort Worth region and broader Texas market. The deal is expected to close in January 2026, with financial terms not disclosed. As part of the transaction, LSM founder Justin Houston will join Spark as national sales manager, and Spark will continue operating both the ATS Outdoors and LSM Outdoor Power brands.
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November 17, 2025
- Buyer
- Sewell Automotive Companies
- Target
- Land Rover Boerne
- Seller
- Shottenkirk Automotive Group
- Industry
- Retail
- Location
- Texas, United States
- Type
- Buyout
Sewell Automotive Companies acquired Land Rover Boerne in Boerne, Texas from Shottenkirk Automotive Group; the transaction closed on November 17 and included the dealership real estate. The Presidio Group served as exclusive advisor to Sewell, and the acquisition expands Sewell's presence in the Texas luxury-brand dealership market.
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September 10, 2025
- Buyer
- Omegro, Volaris
- Target
- ClarityRFID
- Industry
- Retail
- Location
- Texas, United States
- Type
- Addon
Omegro, a portfolio within Volaris (Constellation Software), has acquired ClarityRFID (formerly SML IIS), a provider of item-level RFID inventory solutions and services for the retail sector. ClarityRFID will continue to operate independently under Omegro leadership, with the deal intended to expand Omegro's retail capabilities and support ClarityRFID's international growth and customer relationships.
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July 2, 2025
- Buyer
- Cascata Capital
- Target
- Ladco, Inc. (Ladco Design Center)
- Seller
- Phillip Ladin, Ronnie Ladin, Employee Stock Ownership Plan (ESOP) / selling shareholders
- Industry
- Retail
- Location
- Texas, United States
- Type
- Buyout
Dallas-based independent sponsor Cascata Capital acquired Ladco, Inc. (Ladco Design Center), the largest luxury to-the-trade home furnishings showroom in Houston, Texas. The transaction provides an ownership transition for co-founders Phillip and Ronnie Ladin (both in their mid-70s) and is expected to support growth through Cascata’s strategic investor network of luxury real estate developers and builders.
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January 15, 2025
- Buyer
- The Pulte Family Office
- Target
- GrabAGun
- Industry
- Retail
- Location
- Texas, United States
- Type
- Growth capital
The Pulte Family Office has taken a position in GrabAGun, the publicly listed company trading under ticker CLBR following a SPAC transaction with Colombier Acquisition Corp. II. The family office said it is encouraged by GrabAGun's growth and profitability, noting the company achieved $99.5 million in revenue and is a fast-growing digitally native firearms and ammunition retailer.
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- Buyer
- Springdale Tractor Company
- Target
- Schaffer Kubota
- Seller
- Joe Schaffer
- Industry
- Retail
- Location
- Texas, United States
- Type
- Buyout
Springdale Tractor Company has acquired Schaffer Kubota (to be renamed Kubota of Dallas) from owner Joe Schaffer. The acquisition expands Springdale Tractor Company's Kubota dealership footprint into the Dallas–Fort Worth market; Performance Brokerage Services advised the seller on the transaction.
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January 13, 2025
- Buyer
- JCPenney, SPARC Group, Simon Property Group, Brookfield Corporation, Authentic Brands Group, Shein
- Target
- JCPenney, SPARC Group
- Industry
- Retail
- Location
- Texas, United States
- Type
- Recapitalization
JCPenney and SPARC Group have merged in an all-equity joint venture to create Catalyst Brands, consolidating six retail banners including JCPenney, Aéropostale, Brooks Brothers, Eddie Bauer, Lucky Brand and Nautica. The new Catalyst Brands — backed by shareholders Simon Property Group, Brookfield Corporation, Authentic Brands Group and Shein — launches from JCPenney’s Plano, Texas headquarters with broad omnichannel reach, approximately $9 billion of revenue, 1,800 stores and roughly 60,000 employees.
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November 22, 2024
- Buyer
- NXTLVL Marine, LLC
- Target
- MarineMax San Antonio location, MarineMax Lake LBJ (WakePoint) location
- Seller
- MarineMax, Inc.
- Industry
- Retail
- Location
- Texas, United States
- Type
- Divestiture
NXTLVL Marine, LLC acquired two MarineMax locations in San Antonio and at Lake LBJ (WakePoint), expanding its footprint in Central Texas. NXTLVL will relocate the San Antonio operation into its New Braunfels facility and rebrand/operate the Lake LBJ location at WakePoint, and has been approved as an authorized Nautique Boats dealer.
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- Buyer
- Casey's General Stores, Inc.
- Target
- Fikes Wholesale, CEFCO Convenience Stores
- Seller
- Fikes Wholesale, The Fikes Companies
- Industry
- Retail
- Location
- Texas, United States
- Type
- Buyout
Casey's General Stores (Nasdaq: CASY) completed the acquisition of Fikes Wholesale, owner of CEFCO Convenience Stores, on November 1, 2024. The deal adds roughly 198 CEFCO locations (148 in Texas and 50 in Alabama, Florida and Mississippi), expanding Casey's store footprint to about 2,900 locations and advancing its geographic growth strategy.
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September 12, 2024
- Buyer
- Brightmore Brands, Beach Point Capital Management LP
- Target
- Texas Thrift
- Seller
- Brook Valley Management
- Industry
- Retail
- Location
- Texas, United States
- Type
- Addon
Brightmore Brands, a portfolio company of Beach Point Capital Management, has acquired Texas Thrift, a portfolio of 17 thrift stores, from Brook Valley Management. The add-on expands Brightmore's footprint into Texas and makes the combined company the largest privately held, for-profit thrift chain in North America.
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- Buyer
- Hudson's Bay Company (HBC), Saks Global, Amazon, Rhône Capital, Insight Partners, Salesforce, Authentic Brands Group, G-III Apparel Group, M. Klein & Company, Abu Dhabi Investment Council, Abrams Capital
- Target
- Neiman Marcus Group, Neiman Marcus, Bergdorf Goodman
- Industry
- Retail
- Location
- Texas, United States
- Type
- Buyout
Hudson's Bay Company (HBC) — through its newly created Saks Global business — has agreed to acquire Neiman Marcus Group (NMG) to form a multi-brand luxury retail and real estate platform. The combined company will pair iconic retail brands (Neiman Marcus, Bergdorf Goodman, Saks Fifth Avenue and Saks OFF 5TH) with technology, first-party data and strategic investors (including Amazon, Rhône Capital, Insight Partners and Salesforce) to drive personalized omnichannel experiences and unlock real estate value.
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May 17, 2024
- Buyer
- The Kent Cos.
- Target
- Jack's Convenience Stores
- Industry
- Retail
- Location
- Texas, United States
- Type
- Buyout
The Kent Cos., a family-owned Midland, Texas convenience-store operator, has acquired eight Jack's Convenience Stores in West Texas (Midland, San Angelo and Abilene). The acquired locations will be rebranded to Kent Kwik, updated to sell Chevron- or Texaco-branded fuels and integrated into Kent's network to strengthen its West Texas presence.
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April 17, 2024
- Buyer
- 7-Eleven, Inc.
- Target
- Stripes Convenience Stores, Laredo Taco Company
- Seller
- Sunoco LP
- Industry
- Retail
- Location
- Texas, United States
- Type
- Divestiture
7-Eleven, Inc. has completed the acquisition of 204 Stripes convenience stores and associated Laredo Taco Company restaurant locations from Sunoco LP in a deal valued at roughly $1 billion. The transaction expands 7-Eleven's U.S. footprint and brings the Stripes and Laredo Taco Company brands under the 7-Eleven corporate family.
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- Buyer
- The Riverside Company (Riverside Micro-Cap Fund)
- Target
- The Lash Lounge
- Seller
- Franworth
- Industry
- Retail
- Location
- Texas, United States
- Type
- Addon
The Riverside Company (via its Riverside Micro-Cap Fund) has acquired The Lash Lounge, a leading eyelash salon franchise, from Franworth. The deal adds The Lash Lounge — with more than 129 locations nationwide — as the third brand in Riverside's Head to Toe Brands platform to accelerate growth and geographic expansion in beauty and personal care services.
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- Buyer
- Tellus Equipment Solutions, Cardinal System Holdings
- Target
- Bramlett Implement
- Industry
- Retail
- Location
- Texas, United States
- Type
- Buyout
Tellus Equipment Solutions, a John Deere dealer owned by Cardinal System Holdings, has acquired Bramlett Implement, a John Deere dealership in Stephenville (Erath County), Texas. The acquisition expands Tellus' footprint across South and Central Texas and retains Bramlett's employees while enhancing equipment, parts inventory, and customer support in the region.
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September 18, 2023
- Buyer
- Brookshire Grocery Co.
- Target
- Diamond Food Market (Henrietta, TX), Diamond Food Market (Mineral Wells, TX), Diamond Food Market (Aubrey, TX)
- Seller
- Diamond Foods, Diamond Food Market
- Industry
- Retail
- Location
- Texas, United States
- Type
- Divestiture
Brookshire Grocery Co. has agreed to acquire three Diamond Food Market grocery locations in Henrietta, Mineral Wells and Aubrey, Texas. The stores will reopen under Brookshire banners (one as Brookshire's, two as Spring Market) after a brief transition and employees at the locations are being offered positions with Brookshire.
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June 20, 2023
- Buyer
- 2ULaundry
- Target
- The Folde
- Industry
- Retail
- Location
- Texas, United States
- Type
- Buyout
2ULaundry, a Charlotte-based laundry and dry cleaning pickup & delivery operator, has acquired Austin-based The Folde to expand its market presence and accelerate its drive to become a nationally recognized laundry brand. The deal follows a $20M Series B strategic investment from Level 5 Capital Partners and strengthens 2ULaundry's footprint across multiple states while adding The Folde's delivery-first operations and team.
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March 29, 2023
- Buyer
- Global Partners LP, ExxonMobil
- Target
- 64 Houston-area convenience and fueling facilities (Landmark Group)
- Seller
- Landmark Group
- Industry
- Retail
- Location
- Texas, United States
- Type
- Divestiture
Global Partners LP and ExxonMobil have signed an agreement to acquire 64 Houston-area convenience and fueling facilities from the Landmark Group. The assets will be purchased under the joint venture Spring Partners Retail LLC, with Global Partners acting as the management company/operator; the transaction is expected to close in Q2 2023, subject to regulatory clearance.
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November 4, 2022
- Buyer
- Majors Management, LLC
- Target
- Morgan Oil Company, Inc.
- Seller
- Morgan Oil Company, Inc.
- Industry
- Retail
- Location
- Texas, United States
- Type
- Divestiture
Majors Management, LLC acquired 10 Chevron-branded convenience stores, the dealer wholesale business, and the commercial fuels and lubricants business (including an associated bulk plant) from Morgan Oil Company, Inc. The transaction expands Majors' presence in East Texas and transitions Morgan Oil's operations and employees to Majors' platform.
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July 6, 2022
- Buyer
- Surge Private Equity LLC
- Target
- Amuze Products II Inc.
- Industry
- Retail
- Location
- Texas, United States
- Type
- Growth capital
Surge Private Equity has closed an investment in Amuze Products II, a Dallas-based operator of proprietary massage chairs and hurricane simulators that places equipment in trampoline parks, amusement parks and truck stops. Debt financing for the deal was provided by CrowdOut Capital; Amuze founder Phillip Brothers will retain equity and remain CEO while Surge provides growth capital and supports future add-on acquisitions and product line expansion.
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May 20, 2022
- Buyer
- NXTLVL Holdings, LLC (NXTLVL Marine)
- Target
- Austin Boats & Motors, Inc.
- Seller
- Martin Boyer and the Austin Boats family owners
- Industry
- Retail
- Location
- Texas, United States
- Type
- Addon
NXTLVL Holdings, LLC (NXTLVL Marine) has acquired Austin Boats & Motors, a single-location, family-owned boat dealership near Austin, Texas. The acquisition expands NXTLVL's Texas footprint (its fifth location) and was completed with sell-side advisory support from Three Twenty-One Capital Partners; the family owners (led by Martin Boyer) will transition the business into NXTLVL's multi-location dealer platform.
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February 18, 2022
- Buyer
- RumbleOn, Inc.
- Target
- Freedom Powersports
- Industry
- Retail
- Location
- Texas, United States
- Type
- Buyout
RumbleOn, Inc. completed the acquisition of Freedom Powersports, adding 13 retail locations across Texas, Georgia and Alabama and expanding RumbleOn’s omnichannel powersports retail footprint. The transaction closed for aggregate consideration of approximately $130.0 million (≈ $83.4M for the business and ≈ $46.6M for real estate) and supports RumbleOn’s revenue and adjusted EBITDA outlook; Freedom reported over $220.0 million of revenue and over $25.0 million of adjusted EBITDA for 2021 (unaudited).
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February 1, 2022
- Buyer
- Private Investor
- Target
- Truitt Enterprises, Inc. (dba Hootin Holler)
- Seller
- Truitt family (owners of Truitt Enterprises)
- Industry
- Retail
- Location
- Texas, United States
- Type
- Buyout
Truitt Enterprises, Inc. (dba Hootin Holler), a Gun Barrel City, Texas liquor, beer, wine and convenience store, was sold in a majority transaction to a private investor that closed on February 1, 2022. The deal, advised by Generational Equity, represents an ownership succession for the Truitt family and aims to continue the company’s legacy serving retail customers and wholesale accounts such as local bars and restaurants.
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- Buyer
- Wax Center Partners, MKH Capital Partners, Stieber European Wax Center (Susan and Larry Stieber)
- Target
- European Wax Center (Allen, Arlington, Fort Worth, Frisco, Las Colinas, Mansfield locations)
- Industry
- Retail
- Location
- Texas, United States
- Type
- Addon
Wax Center Partners — a platform formed by MKH Capital Partners in partnership with the Stieber European Wax Center franchise — acquired six European Wax Center locations in the Dallas metro area (Allen, Arlington, Fort Worth, Frisco, Las Colinas, and Mansfield). The add-on expands Wax Center Partners' footprint to 18 centers and reflects the platform's strategy of growth through both new development and acquisitions.
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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
- 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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- Buyer
- Leonard Green & Partners
- Target
- Eyemart Express
- Industry
- Retail
- Location
- Texas, United States
- Type
- Growth capital
Leonard Green & Partners completed a strategic minority investment in Eyemart Express, joining majority stakeholders FFL Partners and the Barnes Family, who will retain majority ownership. The transaction (terms undisclosed) provides growth capital without adding incremental debt and is intended to support Eyemart Express’s continued store expansion, systems investments, and potential strategic acquisitions.
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September 14, 2020
- Buyer
- Tellus Equipment Solutions, LLC
- Target
- Ag-Pro Texas, LLC
- Seller
- Ag-Pro Companies
- Industry
- Retail
- Location
- Texas, United States
- Type
- Buyout
Tellus Equipment Solutions, LLC has acquired Ag-Pro Texas, LLC, including all 21 full-service Ag-Pro Texas dealership locations in central and south Texas. The deal makes Tellus one of the largest John Deere agriculture and turf dealers in North America and brings Jeff Donaldson on board as Chief Operating Officer to lead sales, parts, service and operations.
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January 26, 2016
- Buyer
- Summit Sports, Digital Fuel Capital
- Target
- Austin Canoe & Kayak
- Industry
- Retail
- Location
- Texas, United States
- Type
- Addon
Summit Sports has acquired Austin Canoe & Kayak, an omnichannel specialty retailer of kayaks, camping and outdoor adventure gear. Cascadia Capital served as exclusive financial advisor to Austin Canoe & Kayak; the deal expands Summit's portfolio and provides a counter-seasonal retail capability to balance its primarily winter-sports offering.
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Frequently Asked Questions
What kinds of retail acquisitions are showing up in Texas recently?
The listed transactions emphasize dealership and luxury retail portfolio expansion, multi-location footprint growth, and retail consolidation/omnichannel brand structuring—alongside at least one retail technology capability acquisition via RFID inventory solutions.
Which Texas markets are represented in the recent retail deals?
Recent deals reference Texas locations including Houston, Boerne, the Dallas–Fort Worth region, Plano (for JCPenney’s headquarters tied to Catalyst Brands), and Central Texas areas such as San Antonio and Lake LBJ (WakePoint).
Are there retail acquisitions in Texas beyond traditional store operators?
Yes. Omegro (within Volaris) acquired ClarityRFID, a provider of item-level RFID inventory solutions and services for the retail sector, intended to expand retail capabilities beyond physical stores.
Do the deals include brand or banner consolidation in Texas?
Yes. JCPenney and SPARC Group combined to form Catalyst Brands, consolidating multiple retail banners and launching from JCPenney’s Plano, Texas headquarters with omnichannel reach.