M&A Deal Summary

Shoe Carnival Acquires Rogan Shoes

On February 13, 2024, Shoe Carnival acquired retailer Rogan Shoes for 45M USD

Acquisition Highlights
  • This is Shoe Carnival’s 2nd transaction in the Retail sector.
  • This is Shoe Carnival’s 2nd largest (disclosed) transaction.
  • This is Shoe Carnival’s 2nd transaction in the United States.
  • This is Shoe Carnival’s 1st transaction in Wisconsin.

M&A Deal Summary
Date 2024-02-13
Target Rogan Shoes
Sector Retail
Buyer(s) Shoe Carnival
Deal Type Add-on Acquisition
Deal Value 45M USD
Advisor(s) TM Capital Corp. (Financial)
Faegre Drinker Biddle & Reath LLP (Legal)

Target

Rogan Shoes

Oshkosh, Wisconsin, United States
website
Rogan Shoes is an independent shoe retailer that carries over 100 name brands and thousands of styles of footwear for men, women, children, infants, and toddlers. Rogan Shoes was founded in 1971 and is based in Oshkosh, Wisconsin.

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Buyer(S) 1

Buyer

Shoe Carnival

Evansville, Indiana, United States

website

Category Company
Founded 1978
Sector Retail
Employees2,600
Revenue 1.3B USD (2022)
DESCRIPTION

Shoe Carnival is a retailer of family footwear offering a broad assortment of moderately priced dress, casual and athletic footwear for men, women and children with emphasis on national and regional name brands. Shoe Carnival was founded in 1978 and is based in Evansville, Indiana.

DEAL STATS #
Overall 2 of 2
Sector (Retail) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (Wisconsin) 1 of 1
Country (United States) 2 of 2
Year (2024) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-03 Shoe Station

Mobile, Alabama, United States

Shoe Station is an operator of independent shoe retailers, with 21 locations in five Southeastern states Alabama, Florida, Georgia, Mississippi, and Louisiana. Shoe Station features a comprehensive e-commerce site retail chain that has community partnerships with United Way of Southwest Alabama, Distinguished Young Women, Alabama Public Radio (APR), and The University of South Alabama's Mitchell College of Business. Shoe Station is based in Mobile, Alabama.

Buy $67M
Mergr

Product

Company

Legal