Best Buy Mergers and Acquisitions Summary

RetailCompany

Best Buy has acquired 11 companies, including 1 in the last 5 years. A total of 2 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 4 different US states, and 4 countries. The Company’s most targeted sectors include retail (55%) and information technology (19%).

Join Mergr and gain access to Best Buy’s M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the retail sector.

M&A Summary

  • M&A Total Activity15
    • M&A Buy Activity11
    • M&A Sell Activity4
  • Total Sectors Invested 5
  • Total Countries Invested 4
  • M&A Buy/Sell Connections 5
  • 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 formed in 1966 and is based in Richfield, Minnesota.


M&A Summary

Buy vs Sell

Year ≤ '17 '18 '19 '20 '21 '22 T
Buy (0.2/yr) # 10 1 - - - - 11
vol $2.0B $800M $2.8B
Sell (0.0/yr) # 4 - - - - - 4
  15

Most Recent M&A

Company Date Value Type
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 - Add-on Acquisition
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
Jiangsu Five Star Appliance Co., Ltd. 2006-05-12 - Add-on Acquisition
Nanjing, China · www.5star.cn
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Retail 6 (55%) 1.6B (58%) 1 (25%) -
Information Technology 2 (18%) 264M (9%) 2 (50%) -
Digital Media 1 (9%) 121M (4%) 1 (25%) -
Consumer Services 1 (9%) - - -
Healthcare Services 1 (9%) 800M (28%) - -
Total 11 $2.8B 4 -

By Geo

State/Country Buy Value Sell Value
United States 8 2.4B 3 -
  California 3 1.3B 1 -
  Washington 2 184M 1 -
  Minnesota 2 685M - -
  Massachusetts 1 167M 1 -
United Kingdom 1 - 1 -
Canada 1 441M - -
  British Columbia 1 441M - -
China 1 - - -
Domestic 8 (73%) 2.4B (84%) 3 (75%) -
Cross-border 3 (27%) 441M (16%) 1 (25%) -
Total 11 $2.8B 4 -

Top M&A Advisors

Financial Deals
Goldman Sachs Investment Banking Division
1
Allen & Company
1
UBS Investment Bank
1
Legal Deals
Robins Kaplan LLP
3
Simpson Thacher & Bartlett LLP
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)
18%
2 (18%)
Divested to
Strategic(s)
75%
3 (75%)

 Subscribe to unlock this and 182,987
investor and company profiles

Sign-up today to get full access

  • check  Unlimited Searches
  • check  Unlimited Profile Views
  • check  Build and Export Lists of
    • PE Backed Companies
    • Direct Investors & Acquirers
    • Advisors
    • Deals
    • & More

What's Mergr?

We built Mergr to save people the arduous and time-consuming process of tracking when companies are bought, sold, and who currently owns them.

Every day, new opportunities emerge around M&A and we help professionals of all types comb through transactions, investors, and corporate acquirers via an easy-to-use web database that is accessible to anyone.

Try us for 1 week free today!

Mergr, the Easiest-to-Use PE and M&A DB


Key Benefits

  • Stay informed on events in your industry
  • M&A research that takes seconds (not all afternoon)
  • Better understand your customers and prospects
  • Discover active buyers (or sellers)
Search
  • 4.3K Private Equity Firms
  • 173K M&A Transactions
  • 179K Companies Involved in M&A
    (Buyer, Seller, or Target)
  • 3.5K M&A Advisors
    (Investment Banks and Law Firms)
  • 65K M&A Contacts
    (PE and M&A Advisors)

Ready to try?

Join FREE for 1 Week

No obligation. Cancel anytime.