Kroger - M&A Summary and Business Overview

RetailCompany

Kroger M&A Summary

Kroger has acquired 13 companies, including 1 in the last 5 years. A total of 4 acquisitions came from private equity firms. It has also divested 3 assets.

Kroger’s largest acquisition to date was in 2022, when it acquired Albertsons Companies for $24.6B. Kroger has acquired in 11 different US states. The Company’s most targeted sectors include retail (54%) and healthcare services (16%).

Kroger Business Overview

Where is Kroger headquartered?

Kroger is headquartered in Cincinnati, Ohio.

What is Kroger’s revenue?

Kroger disclosed revenue of 137,888M USD for 2022 and 132,498M USD for 2021.

How many employees does Kroger have?

Kroger has 500,000 employees.

What sector is Kroger in?

Kroger is a retail company.

When was Kroger founded?

Kroger was founded in 1883.

M&A Summary

  • M&A Total Activity16
    • M&A Buy Activity13
    • M&A Sell Activity3
  • Total Sectors Invested 6
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 9
  • M&A Advisors 4

Kroger

The Kroger Co.

1014 Vine Street,
Cincinnati, Ohio 45202
United States,
(513) 762-4000
www.thekrogerco.com

Kroger operates retail food and drug stores, multi-department stores, jewelry stores, and convenience stores throughout the United States under a variety of brands. The Kroger was formed in 1883 and is based in Cincinnati, Ohio.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 12 - - 1 - - 13
vol $16.6B $24.6B $41.2B
Sell (0.2/yr) # 2 - - - - 1 3
  16

Most Recent M&A

Company Date Value Type
Kroger Specialty Pharmacy 2024-03-18 - Divestiture
Cincinnati, Ohio
Albertsons Companies, Inc. 2022-10-14 24.6B USD Add-on Acquisition
Boise, Idaho · www.albertsonscompanies.com
Turkey Hill 2019-03-19 - Divestiture
Conestoga, Pennsylvania · www.turkeyhill.com
YOU Technology Brand Services, Inc. 2018-12-18 - Divestiture
South San Francisco, California · www.you.net
Relish Labs LLC 2018-05-23 - Add-on Acquisition
Chicago, Illinois · www.homechef.com
Murray's Cheese 2017-02-07 - Merger
New York, New York · www.murrayscheese.com
Modern Healthcare, Inc. 2016-09-02 - Add-on Acquisition
Orlando, Florida · www.modernhealthinc.com
Roundy's, Inc. 2015-11-11 800M USD Add-on Acquisition
Milwaukee, Wisconsin · www.roundys.com
Vitacost.com, Inc. 2014-07-02 280M USD Add-on Acquisition
Boca Raton, Florida · www.vitacost.com
YOU Technology Brand Services, Inc. 2014-02-11 - Add-on Acquisition
South San Francisco, California · www.you.net
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Retail 7 (54%) 40.9B (99%) 1 (33%) -
Healthcare Services 2 (15%) - - -
Food 1 (8%) - 1 (33%) -
Internet Software and Services 1 (8%) - 1 (33%) -
E-Commerce 1 (8%) 280M (1%) - -
Life Science 1 (8%) - - -
Total 13 $41.2B 3 -

By Geo

State/Country Buy Value Sell Value
United States 13 41.2B 3 -
  Florida 3 280M - -
  California 1 - 1 -
  Wisconsin 1 800M - -
  Tennessee 1 - - -
  Oregon 1 13.0B - -
  North Carolina 1 2.5B - -
  New York 1 - - -
  Nebraska 1 - - -
  Indiana 1 - - -
  Illinois 1 - - -
  Idaho 1 24.6B - -
  Pennsylvania - - 1 -
  Ohio - - 1 -
Total 13 $41.2B 3 -

Top M&A Advisors

Financial Deals
Citigroup Investment Banking
 1
Goldman Sachs
 1
Legal Deals
Weil Gotshal & Manges
 3
Arnold & Porter
 2

Deal Values

buy # Total
> $1B 3 $40.1B
$100M to $1B 2 $1.1B
TOTAL $41.2B
Largest Albertsons Companies, Inc.
$24.6B (2022-10-14)

M&A Connections

Deals
Acquired from
Investor(s)
31%
4 (31%)
Strategic(s)
15%
2 (15%)
Divested to
Investor(s)
33%
1 (33%)
Strategic(s)
67%
2 (67%)

Company Summary

SECTOR

Retail

Revenue

137,888   5% 2022
132,498   9% 2021
122,286   1% 2020
121,162   2% 2019
122,662   7% 2018
115,337   6% 2017
109,830   2% 2016
108,465   11% 2015
98,375   2% 2014
96,619   2013
(millions of USD) Show More Show Less

Employees

500,000

Established

1883

Public

NYSE: KR

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