M&A Deal Summary

Big Lots Acquires MacFrugal’s Bargains Close-Outs

On November 5, 1997, Big Lots acquired retailer MacFrugal’s Bargains Close-Outs for 995M USD

Acquisition Highlights
  • This is Big Lots’ 2nd transaction in the Retail sector.
  • This is Big Lots’ largest (disclosed) transaction.
  • This is Big Lots’ 2nd transaction in the United States.
  • This is Big Lots’ 1st transaction in California.

M&A Deal Summary
Date 1997-11-05
Target MacFrugal’s Bargains Close-Outs
Sector Retail
Buyer(s) Big Lots
Deal Type Add-on Acquisition
Deal Value 995M USD

Target

MacFrugal’s Bargains Close-Outs

Rancho Dominguez, California, United States
MacFrugal’s Bargains Close-Outs Inc. is a discount retailer serving the West Coast of the US. The Company was formed in 1971 and is headquartered in Rancho Dominguez, California.

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Buyer(S) 1

Buyer

Big Lots

Columbus, Ohio, United States

website

Category Company
Founded 1967
Sector Retail
Employees10,500
Revenue 6.2B USD (2022)
DESCRIPTION
Entrance to Big Lots' corporate headquarters in Columbus, Ohio.
Entrance to Big Lots' corporate headquarters in Columbus, Ohio.

Big Lots is a unique, non-traditional, discount retailer operating 1,495 Big Lots stores in 48 states with product assortments in the merchandise categories of Food, Consumables, Furniture & Home Décor, Seasonal, Soft Home, Hard Home, and Electronics & Accessories. Big Lots was incorporated in 1967 and is based in Columbus, Ohio.

DEAL STATS #
Overall 2 of 3
Sector (Retail) 2 of 3
Type (Add-on Acquisition) 2 of 3
State (California) 1 of 1
Country (United States) 2 of 2
Year (1997) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1996-01-01 K B Toys

Pittsfield, Massachusetts, United States

K B Toys Inc. is a specialty retailer throughout the US focused on toys and merchandise for young adults. The Company was formed in 1922 and is headquartered in Pittsfield, Massachusetts.

Buy $315M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-12-08 K B Toys

Pittsfield, Massachusetts, United States

K B Toys Inc. is a specialty retailer throughout the US focused on toys and merchandise for young adults. The Company was formed in 1922 and is headquartered in Pittsfield, Massachusetts.

Sell $300M
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