M&A Deal Summary

Franchise Group Acquires Vitamin Shoppe

On August 8, 2019, Franchise Group, Inc. acquired retail company Vitamin Shoppe, Inc. for 208M USD

Acquisition Highlights
  • This is Franchise Group’s 1st transaction in the Retail sector.
  • This is Franchise Group’s 4th largest (disclosed) transaction.
  • This is Franchise Group’s 2nd transaction in the United States.
  • This is Franchise Group’s 1st transaction in New Jersey.

M&A Deal Summary

Date 2019-08-08
Target Vitamin Shoppe, Inc.
Sector Retail
Buyer(s) Franchise Group, Inc.
Deal Type Add-on Acquisition
Deal Value 208M USD
Advisor(s) Bank of America Merrill Lynch (BofA Securities) (Financial)
Kirkland & Ellis LLP (Legal)

Target

Vitamin Shoppe, Inc.

Secaucus, New Jersey, United States
website
Vitamin Shoppe, Inc. is a specialty retailer and direct marketer of vitamins, minerals and nutritional supplements, offering a broad line of products at discounts to list prices. Vitamin Shoppe, Inc. was founded in 1977 and is based in Secaucus, New Jersey.

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Buyer(S) 1

Buyer

Franchise Group, Inc.

Virginia Beach, Virginia, United States

website


Category Company
Founded 2010
SectorConsumer Services
Employees4,758
Revenue 2.2B USD (2020)
DESCRIPTION

Franchise Group is a growing North American tax preparation company with over 2,800 stores open in the U.S. and Canada during the 2008 tax season. Franchise Group was founded in 2010 and is based in Virginia Beach, Virginia.


DEAL STATS #
Overall 2 of 7
Sector (Retail) 1 of 5
Type (Add-on Acquisition) 2 of 7
State (New Jersey) 1 of 1
Country (United States) 2 of 7
Year (2019) 2 of 3
Size (of disclosed) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-10 Buddy’s Newco LLC

Orlando, Florida, United States

Buddy’s Home Furnishings is a rental-purchase operator in the United States with more than 125 storefronts. Buddy’s Home Furnishings is a Rent-To-Own furniture, appliance, electronic, and computer provider. Buddy’s Home Furnishings was founded in 1961 and is based in Orlando, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-30 American Freight Group, Inc.

Columbus, Ohio, United States

American Freight Group, Inc. is a furniture retailer. American Freight Group was founded in 1994 and is based in Columbus, Ohio.

Buy $450M