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
 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.

 Subscribe to unlock this and 208,055
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
1 Week Free Trial Learn 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
  • 4.6K Private Equity Firms
  • 201K M&A Transactions
  • 203K Companies Involved in M&A
    (Buyer, Seller, or Target)
  • 3.6K M&A Advisors
    (Investment Banks and Law Firms)
  • 81K M&A Contacts
    (PE and M&A Advisors)

Ready to try?

Join FREE for 1 Week

No obligation. Cancel anytime.

Related Lists for Best Buy

Minnesota Companies , Retail Companies , United States Companies , Minnesota Retail Companies , Minnesota Retail with Acquisitions , Minnesota Retail with Divestitures

Related Lists for Minnesota Companies

Largest Minnesota Companies , Acquisitive Minnesota Companies , Recently Acquired Minnesota Companies , Recently Sold Minnesota Companies , Private Minnesota Companies , Public Minnesota Companies , Acquired Minnesota Companies , PE Backed Minnesota Companies

Related Lists for Retail Companies

Largest Retail Companies , Acquisitive Retail Companies , Recently Acquired Retail Companies , Recently Sold Retail Companies , Private Retail Companies , Public Retail Companies , Acquired Retail Companies , PE Backed Retail Companies

Related Lists for United States Companies

Largest United States Companies , Acquisitive United States Companies , Recently Acquired United States Companies , Recently Sold United States Companies , Private United States Companies , Public United States Companies , Acquired United States Companies , PE Backed United States Companies
Mergr

Product

Company

Legal