Best Buy - M&A Summary and Business Overview

RetailCompany

Best Buy M&A Summary

Best Buy has acquired 13 companies, including 2 in the last 5 years. A total of 4 acquisitions came from private equity firms. It has also divested 4 assets.

Best Buy’s largest acquisition to date was in 2018, when it acquired GreatCall for $800M. Best Buy has acquired in 5 different US states, and 4 countries. The Company’s most targeted sectors include retail (50%) and healthcare services (17%).

Best Buy Business Overview

Where is Best Buy headquartered?

Best Buy is headquartered in Richfield, Minnesota.

What is Best Buy’s revenue?

Best Buy disclosed revenue of 46,298M USD for 2023 and 51,761M USD for 2022.

How many employees does Best Buy have?

Best Buy has 61,200 employees.

What sector is Best Buy in?

Best Buy is a retail company.

When was Best Buy founded?

Best Buy was founded in 1966.

M&A Summary

  • M&A Total Activity16
    • M&A Buy Activity12
    • M&A Sell Activity4
  • Total Sectors Invested 5
  • Total Countries Invested 4
  • M&A Buy/Sell Connections 7
  • M&A Advisors 5

Best Buy

Best Buy Co. Inc.

7601 Penn Ave. S.,
Richfield, Minnesota 55423
United States,
(612) 291-1000
www.bestbuy.com

Best Buy is a multi-channel consumer electronics retailer with stores in the United States, Canada, China, and Mexico. Best Buy also sells through its BestBuy.com website. Best Buy was founded in 1966 and is based in Richfield, Minnesota.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 12 - - - - - 12
vol $2.8B $2.8B
Sell (0.0/yr) # 4 - - - - - 4
  16

Most Recent M&A

Company Date Value Type
Critical Signal Technologies, Inc. 2019-05-24 - Add-on Acquisition
Novi, Michigan · www.cstltl.com
GreatCall, Inc. 2018-08-15 800M USD Add-on Acquisition
San Diego, California · www.greatcall.com
mindSHIFT Technologies, Inc. 2014-01-22 - Divestiture
Waltham, Massachusetts · www.mindshift.com
Carphone Warehouse Ltd. 2013-04-30 - Sold to Management
London, United Kingdom · www.carphonewarehouse
mindSHIFT Technologies, Inc. 2011-11-07 167M USD Add-on Acquisition
Waltham, Massachusetts · www.mindshift.com
Napster 2011-10-03 - Divestiture
Los Angeles, California · www.napster.com
Speakeasy, Inc. 2010-06-10 - Divestiture
Seattle, Washington · www.speakeasy.net
Napster 2008-09-15 121M USD Add-on Acquisition
Los Angeles, California · www.napster.com
Carphone Warehouse Ltd. 2008-05-08 - Stake Purchase
London, United Kingdom · www.carphonewarehouse
Speakeasy, Inc. 2007-03-27 97M USD Add-on Acquisition
Seattle, Washington · www.speakeasy.net
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Retail 6 (50%) 1.6B (58%) 1 (25%) -
Information Technology 2 (17%) 264M (9%) 2 (50%) -
Healthcare Services 2 (17%) 800M (28%) - -
Digital Media 1 (8%) 121M (4%) 1 (25%) -
Consumer Services 1 (8%) - - -
Total 12 $2.8B 4 -

By Geo

State/Country Buy Value Sell Value
United States 9 2.4B 3 -
  California 3 1.3B 1 -
  Washington 2 184M 1 -
  Minnesota 2 685M - -
  Massachusetts 1 167M 1 -
  Michigan 1 - - -
United Kingdom 1 - 1 -
Canada 1 441M - -
  British Columbia 1 441M - -
China 1 - - -
Domestic 9 (75%) 2.4B (84%) 3 (75%) -
Cross-border 3 (25%) 441M (16%) 1 (25%) -
Total 12 $2.8B 4 -

Top M&A Advisors

Financial Deals
UBS Investment Bank
 1
Goldman Sachs
 1
Allen & Company
 1
Legal Deals
Robins Kaplan
 3
Simpson Thacher & Bartlett
 1

Deal Values

buy # Total
$100M to $1B 6 $2.6B
< $100M 2 $184M
TOTAL $2.8B
Largest GreatCall, Inc.
$800M (2018-08-15)

M&A Connections

Deals
Acquired from
Investor(s)
25%
3 (25%)
Divested to
Strategic(s)
75%
3 (75%)

Company Summary

SECTOR

Retail

Revenue

46,298   11% 2023
51,761   10% 2022
47,262   9% 2021
43,638   2% 2020
42,879   2% 2019
42,151   7% 2018
39,403   1% 2017
39,528   3% 2016
40,339   1% 2015
40,611   7% 2014
38,252   16% 2013
45,457   9% 2012
49,747   2% 2011
49,243   10% 2010
45,015   13% 2009
40,023   12% 2008
35,934   2007
(millions of USD) Show More Show Less

Employees

61,200

Established

1966

Public

NYSE: BBY

Former Name

Sound of Music, Inc.

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