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
Goldman Sachs
1
Allen & Company
1
UBS Investment Bank
1
Legal Deals
Robins Kaplan LLP
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%)

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